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505 N River St, Hot Springs, SD 57747

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Listing Type
Commercial/Industrial
Listing Status
active
31
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$579,000

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Home Details for 505 N River St
Price
$579,000
Type
Commercial/Industrial
Sq. Ft.
6320
County
Other
Basement
Partial
MLS®️ Listing#
169384
On exitrealty.com
413 days
Property Description
INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many local restaurants, waterfall, river front walking path and many of the local attractions. The North River Street road reconstruction project is Complete!! Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO - this platform provides excellent additional information on the amenities of these vacation rentals).
Property Features
Listing Courtesy: HEARTLAND REAL ESTATE - 605-745-6772. Presented by: CATHY MOSSET
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Black Hills Association of REALTORS®. All rights reserved.
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EXIT REALTY BLACK HILLS
302 Main Street, Rapid City, SD 57701
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$579,000

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EXIT REALTY BLACK HILLS
302 Main Street, Rapid City, SD 57701
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