604 Main St Spearfish, SD 57783-2445

This exceptional Spearfish, South Dakota property, known as the Kelley Block, presents a rare investment opportunity. Located at 604 Main Street, this iconic building boasts approximately 63,000 square feet of space, combining thriving retail spaces on the ground floor with a diverse mix of upper-level uses. The second floor features the historic Mathews Opera House, a spacious dance studio, four office spaces, and five apartments. Apartment options include a studio, a beautifully renovated two-bedroom, two-bathroom loft apartment with expansive living and dining areas, and three additional two-bedroom units offering southerly views. Significant updates have been made throughout the years, encompassing HVAC, electrical, and plumbing systems. Adding to the property's value is a public restroom in the rear alley, currently leased to the City of Spearfish, and a dedicated parking lot for residential tenants. The building's substantial size includes approximately 43,000 square feet above ground and an additional 20,000 square feet of usable basement space, as per Lawrence County records. This unique property offers a blend of historical significance and strong commercial potential, making it an unparalleled investment in the heart of Spearfish. The asking price is $5,000,000.