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    431 River St N Hot Springs, SD 57747

    For Sale
    $135,000

    CI Land w/Building - Hot Springs, SD

    Property size:
    1,475 SF
    Lot size:
    0.05 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 431 River St N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    High Visibility, View
    Size
    1,475 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1929
    Floors in Building
    1
    Architectural style
    Other

    Keller Williams Realty Black Hills (605) 343-7500 [email protected]

    Listing agent Christopher Long (605) 343-7500

    Listing date Aug 22, 2025

    MLS# 83110 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Hot Springs Commercial Space

    Located in downtown Hot Springs, this commercial space offers 1,475 square feet of space. The building is situated across from the Hot Springs River Walk, with a view of the waterfall. The interior has been stripped down and is ready for a custom buildout. Plans are underway by the current owners to install a new storefront window and entry door. The 0.05-acre lot is suitable for a restaurant or retail business to attract tourist traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Fall River
    State
    South Dakota
    Longitude
    -103.47987211657
    Latitude
    43.433906052266

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    FAQs

    What type of property is this?
    Retail property - Commercial space in downtown Hot Springs ready for custom buildout.
    Where is this retail property located?
    The property is located at 431 River St N Hot Springs, SD.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - 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 business.
    (605) 343-7500
    Request Owner's contact information
    431 River St N Hot Springs, SD 57747
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    Hot Springs, SD 57747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    431 River St N Hot Springs, SD 57747
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