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    401 N River St Hot Springs, SD 57747

    For Sale
    $950,999

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

    Property size:
    10,395 SF
    Lot size:
    0.47 Acres

    Property Features for 401 N River St

    General Information

    Size
    10,395 SF
    Lot size
    0.47 Acres

    Source: Century 21 - Stevens and Associates, Inc. | Hot Springs Agent Resa Rutz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Hot Springs Mixed-Use Building

    The Water, Light & Power Building is a historic sandstone building located on N River Street in Hot Springs. The property offers 10,395 square feet of space, including a 1,358 square feet retail space currently operating as a salon and spa, a two-bedroom loft apartment above the salon, and two garages. The north-side garage spans 3,186 square feet and features a 26x20 loading dock. The south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet suitable for storage. The building was renovated in 2021 with updated electrical and plumbing systems, flooring, paint, fixtures, and LED high-efficiency lights. Construction is scheduled to begin in April/May 2023 to install a new roof on the north-side garage and repair the remaining roofs, along with a new awning. The property includes a parking lot and offers views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -103.479851
    Latitude
    43.433703

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    FAQs

    What type of property is this?
    Retail space - Exceptional historic building with retail, residential, and garage spaces.
    Where is this retail space located?
    The property is located at 401 N River St Hot Springs, SD.
    What is the asking price?
    The asking price for this property is $950,999.
    What are key features of this property?
    This property features: - Largest and most exceptional historic sandstone building for sale in Hot Springs.; - Prime location on N River Street with high retail traffic.; - Substantial 10,395 square feet including retail space, loft apartment, and two large garages.
    (605) 891-1298
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    401 N River St 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
    401 N River St Hot Springs, SD 57747
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