Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    604 Main St Spearfish, SD 57783

    For Sale
    $3,200,000

    CI Land w/Building - Spearfish, SD

    Property size:
    63,000 SF
    Days on Market:
    60
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 604 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1
    Size
    63,000 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1900
    Floors in Building
    4
    Architectural style
    Other

    CENTURY 21 Spearfish Realty (605) 641-0240 [email protected]

    Listing agent Rick Tysdal (605) 641-0240

    Listing date Oct 16, 2025

    MLS# 82905 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

    Iconic Mixed-Use Building in Spearfish

    The Kelley Block in Spearfish, South Dakota, presents a rare opportunity to acquire an iconic piece of local history and a well-producing commercial property. This mixed-use building features retail shops on the main street level and a variety of uses on the second floor, including a large dance studio, four office spaces, and five apartments. One apartment is a large studio, while another is a refinished loft with two bedrooms, two bathrooms, a large living and dining area, kitchen, and laundry. The remaining three apartments are each two-bedroom units with southern views. Updates over the years include HVAC, electrical, and plumbing systems. The property also includes the public restroom in the alley behind the building, currently leased to the City of Spearfish, and an additional parking lot used by the residential tenants. According to Lawrence County records, the total above-ground square footage is approximately 43,000 square feet, with an additional 20,000 square feet of usable basement space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    V Rae's Boutique Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.858233
    Latitude
    44.489214

    Nearby Similar for Sale

    • New
      $1,400,000
      9,600 SF

      Spearfish Industrial Building For Sale

      Commercial building with tenants, expansion potential, located off I-90.
      3103 E Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $900,000
      3,950 SF

      Spearfish Investment Property on Acreage

      Investment property with duplex, barn, and expansion potential on 1.62 acres.
      3225 Old Belle Rd, Spearfish, SD 57785
      View Details
    • $575,000
      3,782 SF

      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
      262 Upper Valley Rd, Spearfish, SD 57783
      View Details
    • $998,500
      2,400 SF

      Renovated Commercial Building with Spa

      Completely renovated commercial building with tenants in place.
      747 Ames Ave, Spearfish, SD 57783
      View Details
    • $999,999
      4,286 SF

      Renovated Office Plaza on Main

      Main Street office building with flexible suites and recent renovations.
      211 N Main St, Spearfish, SD 57783
      View Details
    • New
      $399,000
      3,071 SF

      Spearfish Duplex with Separate Units

      Up/down duplex in Spearfish, ideal for investment or multi-generational living.
      205 Upper Valley Rd, Spearfish, SD 57783
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed-use property with retail, office, and residential units in Spearfish.
    Where is this retail space located?
    The property is located at 604 Main St Spearfish, SD.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Iconic, well-producing commercial property in Spearfish, South Dakota.; - Mixture of retail shops on Main Street level and diverse second-floor uses (dance studio, offices, apartments).; - Includes a refinished 2-bedroom, 2-bathroom loft apartment.
    (605) 641-0240
    Request Owner's contact information
    604 Main St Spearfish, SD 57783
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    604 Main St
    Spearfish, SD 57783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    604 Main St Spearfish, SD 57783
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.