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Updated Duplex with Barn
For Sale
$849,000

3225 Old Belle Road, Spearfish, SD 57785

MULTI-FAMILY, Up & Down, Spearfish, SD

Property Size3,950 SF
Lot Size1.62 Acres
Price / SF$214.94
Days on Market359

Property Features for 3225 Old Belle Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Rooms Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
Parking features Offsite
Exterior features Outbuildings, RV Parking, Barn
Elementary school district Spearfish
Middle school district Spearfish
High school district Spearfish
Directions Exit 8 South on McGuigan Rd. Property is on your right.
Subdivision Spearfish
Standard status Active
Size 3,950 SF
Lot size 1.62 Acres

Utilities

Heating system Heat Pump (Heating), Baseboard, Electric (Heating)
Cooling system Wall Unit(s)

Building Details

Year built 1967
Number of units 3
Building materials Frame, Brick
Roof type Composition
Architectural style Other
Additional Structures Outbuilding
Listing Agency: Great Peaks Realty
Listed By: Scot Munro · License #12403
Added: Sep 15, 2025 Changed: Sep 4 Last Checked: Sep 8 at 7:06AM
MLS# 86080

Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex property includes 3,950 square feet of building area on 1.62 acres. The updated rental home contains two units, with each offering two bedrooms and one bathroom. A mostly finished barn is part of the property and is currently leased for office and storage use.

The site is located at 3225 Old Belle Road in Spearfish, just off Exit 8. Additional improvements include outbuildings and RV parking, while the acreage provides space for equipment storage or additional structures. The property was built in 1967 and features frame and brick construction, composition roofing, baseboard and heat-pump heating, and wall-unit cooling.

Key Highlights

  • 3,950‑square‑foot duplex property on 1.62 acres
  • Two updated rental units, each with 2 bedrooms and 1 bathroom
  • Mostly finished barn currently leased for office and storage use

Property Analytics

Current Use

Startz & Startz Landscaping, ... Landscaping

Suggested Use

Top Pick Dental Office Parking Lot & Garage Restaurant Auto Parts Store Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Demographics for 57785, SD

9,895
Population
4,879
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
93%
High-School Grad
570.2 sq mi
ZIP Area
17
Density / Sq Mi
$59,311
Median Household Income
$34,403
Median Earnings
$842
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two rental units accompany a mostly finished barn currently used for office and storage space.
Where is this duplex located?
The property is located at 3225 Old Belle Road Spearfish, SD.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,950‑square‑foot duplex property on 1.62 acres; Two updated rental units, each with 2 bedrooms and 1 bathroom; Mostly finished barn currently leased for office and storage use
More about this property
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