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    Hot Springs, SD Commercial Real Estate for Sale

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    Custer, SD Buffalo Gap, SD Edgemont, SD
    14 listings
    Established T-Shirt Business Opportunity
    $367,499
    Established T-Shirt Business Opportunity

    707 Baltimore Avenue, Hot Springs, SD 57747

    Well-established T-shirt business for sale in the Southern Hills.
    • Well‑established T‑shirt business with a strong customer base and reputation.
    • Includes all necessary equipment for continued operations.
    • Favorable location in the Southern Hills area with less market saturation.
    • Growth potential through expanded marketing, product lines, or increased hours.
    • Seller will provide up to one week of training for a smooth transition.
    Updated: Apr 27
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    Downtown Hot Springs Commercial Space
    $135,000
    1,475 SF
    Downtown Hot Springs Commercial Space

    431 N River, Hot Springs, SD 57747

    Commercial space in downtown Hot Springs ready for custom buildout.
    • Prime downtown Hot Springs location ideal for attracting tourist traffic.
    • Situated across from the Hot Springs River Walk with waterfall view.
    • 1,475sf commercial space suitable for restaurant or retail.
    • Interior is stripped down and ready for custom buildout.
    • Plans in progress for new storefront window and entry door.
    Updated: Feb 12
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    Commercial Building in Historic Hot Springs
    $175,000
    2,550 SF
    Commercial Building in Historic Hot Springs

    Commercial building in the heart of historic Hot Springs, SD.

    110 S Chicago Street, Hot Springs, SD 57747

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    Ranch-Style Recreational Land Parcel
    $173,900
    5.00 Acres
    Ranch-Style Recreational Land Parcel

    Five-acre lot with level access, varied topography, and electric plus rural water available for this covenant-protected ranch.

    Elk Run Road, Hot Springs, SD 57747

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    5.22-Acre Recreational Land Lot
    $225,000
    5.22 Acres
    5.22-Acre Recreational Land Lot

    A wooded 5.22-acre lot with forestry debris work completed and utilities added for RV use or future build plans.

    27333 TAYLOR LN, Hot Springs, SD 57747

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    Historic Hot Springs Mixed-Use Building
    $920,000
    10,395 SF
    Historic Hot Springs Mixed-Use Building

    Exceptional historic building with retail, residential, and garage spaces.

    401 N River St, Hot Springs, SD

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    Land with 360-Degree Views
    $1,695,000
    113.00 Acres
    Land with 360-Degree Views

    113-acre parcel with timber, rock outcroppings, and flat spots, with electricity to the lot line.

    Joy Drive, Hot Springs, SD 57747

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    Ranch-Community 5-Acre Homesite
    $169,900
    5.00 Acres
    Ranch-Community 5-Acre Homesite

    5-acre buildable lot with a completed survey, existing two-track driveway, and water hookup, plus access to shared ranch and public recreation acreage.

    26771 Elk Run Road, Hot Springs, SD 57747

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    Historic Multi-Tenant Retail Building
    $385,000
    6,400 SF
    Historic Multi-Tenant Retail Building

    Sandstone block building with four metered commercial spaces, main-street frontage, and alley-access parking.

    713 N. River Street, Hot Springs, SD 57747

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    Super 8 Hot Springs
    $2,900,000
    25,267 SF
    Super 8 Hot Springs

    Hospitality asset in the Southern Black Hills of South Dakota.

    800 Mammoth Street, Hot Springs, SD 57747

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    Established HVAC Business For Sale
    $1,300,000
    Established HVAC Business For Sale

    HVAC business with real estate, vehicles, equipment, and inventory.

    645 S 6th St, Hot Springs, SD 57747

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    Commercial Land Near Golf Course
    $200,000
    3.24 Acres
    Commercial Land Near Golf Course

    Commercial land near Southern Hills Golf Course with utilities available.

    Clubhouse Dr, Hot Springs, SD

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    Downtown Hot Springs Commercial Space
    $135,000
    1,475 SF
    Downtown Hot Springs Commercial Space

    1,475 SF commercial space ready for custom buildout.

    431 North River Street, Hot Springs, SD 57747

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    Agricultural Land Parcel
    $175,000
    Agricultural Land Parcel

    Farmland parcel in Fall River County reached via Sheps Canyon and Evening Star Trail for continued rural use.

    28019 Evening Star Trail, Hot Springs, SD 57747

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    Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 14 Active listings in Hot Springs, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wooded Southern Black Hills Acreage
    $299,000
    8.55 Acres
    Wooded Southern Black Hills Acreage

    Wooded 8.55-acre tract with rural tap water access, fiber at the lot line, and power nearby for private development.

    W Argyle Road, Custer, SD 57730

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    Commercial Lot in Downtown Edgemont
    Contact for pricing
    2,050 SF
    Commercial Lot in Downtown Edgemont

    Commercial lot with building in downtown Edgemont, South Dakota.

    410 2nd Avenue, Edgemont, SD 57735

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    Rural Recreation Land with Utilities
    $325,000
    12.61 Acres
    Rural Recreation Land with Utilities

    Land with multiple build sites, electricity, rural water, and septic in a light-covenant subdivision that allows mobile and RV use.

    12075 True Grit Trail, Custer, SD 57730

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    Commercial Land Parcel
    Contact for pricing
    2,050 SF
    Commercial Land Parcel

    Buildable commercial land offered for sale with straightforward access off 2nd Avenue in Edgemont.

    410 2nd Avenue, Edgemont, SD 57735

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    Off-Market Properties in Hot Springs, SD

    Consider similar Off-Market properties in Hot Springs, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    27024 Us Hwy 385
    COMMERCIAL (GENERAL)
    15,000 SF Lot: 10.96 Acres
    Estimated value
    $720,000

    27024 Us Hwy 385, Hot Springs, SD 57747-6012

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    26900 Gravel Pit Loop
    COMMERCIAL (GENERAL)
    3,024 SF Lot: 8.00 Acres
    Value Estimation by Request

    26900 Gravel Pit Loop, Hot Springs, SD 57747

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    3 Canyon View Cir
    Land
    3,000 SF Lot: 3.14 Acres
    Value Estimation by Request

    3 Canyon View Cir, Hot Springs, SD 57747

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    110 Chicago St
    Land
    Lot: 0.50 Acres
    Value Estimation by Request

    110 Chicago St, Hot Springs, SD 57747

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    541 Indianapolis Ave
    Hotels
    20,312 SF Lot: 1.06 Acres
    Value Estimation by Request

    541 Indianapolis Ave, Hot Springs, SD 57747

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    2244 University Ave
    Individual retail properties
    9,401 SF Lot: 1.36 Acres
    Value Estimation by Request

    2244 University Ave, Hot Springs, SD 57747

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    402 Battle Mountain Ave
    Multifamily properties
    Lot: 1.07 Acres
    Value Estimation by Request

    402 Battle Mountain Ave, Hot Springs, SD 57747

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    28528 Old Highway 79
    Farms
    Lot: 227.27 Acres
    Value Estimation by Request

    28528 Old Highway 79, Hot Springs, SD 57747

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    Tbd Sheps Cyn Rd
    Land
    Lot: 80.00 Acres
    Value Estimation by Request
    Tbd Sheps Cyn Rd

    0 Tbd Sheps Cyn Rd, Hot Springs, SD 57747

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    27689 Hwy
    Land
    2,580 SF Lot: 5.25 Acres
    Value Estimation by Request

    27689 Hwy, Hot Springs, SD 57747

    View details

    Hot Springs, SD Commercial Real Estate Investment Opportunities Market Analysis

    Explore 30 commercial real estate for sale in Hot Springs, SD, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 47,562 square feet of properties for sale, with an estimated market value of $4,650,000.

    Sale prices for business properties in Hot Springs, SD start at $135,000, averaging $775,000, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,889
    Population Growth (5Y) -0.4%
    Median Household Income $64,023
    College Educated 32.2%

    High-Yield Neighborhoods for Investment

    Identify Hot Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57747 $958.2K

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $92.35 per SF
    Average Loan-to-Value 65.0%

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