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505 N River St Hot Springs, SD 57747

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For Sale
$549,000

Income-producing property in Hot Springs' historic downtown district.

Property size:
6,320 SF
Lot size:
0.17 Acres

Property Features for 505 N River St

General Information

Standard status
Active
Size
6,320 SF
Lot size
0.17 Acres

Building Details

Year built
1910

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Listing Contact
Cathy Mosset
Cathy Mosset
Source: Exitrealty

Listing Agency: HEARTLAND REAL ESTATE Listing Agent: Cathy Mosset

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

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Overview

Historic Mixed-Use Building For Sale

This mixed-use property, originally constructed in 1910 as the Medical Block Building, is located in the downtown Historic District of Hot Springs, South Dakota. The building offers 6320 square feet of commercial space, featuring three retail or office storefront suites on the main level and three vacation rental apartments on the upper level. The property has been updated with modern amenities. Its location is within walking distance of local restaurants, a waterfall, a riverfront walking path, and other local attractions. The property is situated on North River Street, which has undergone reconstruction, including a new road, sidewalks, street lighting, updated city infrastructure, and a new cantilevered walkway along Fall River. The main level office spaces are fully occupied with steady businesses. The vacation rental business books regularly, and the booking calendar can transfer to the new owner. The vacation rental business could be converted into monthly or yearly apartment rentals.
Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Hot Springs
County
Fall River
State
South Dakota
Longitude
-103.4812222
Latitude
43.4351877

FAQs

What type of property is this?
Mixed-use property - Income-producing property in Hot Springs' historic downtown district.
Where is this mixed-use property located?
The property is located at 505 N River St Hot Springs, SD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: - Income-producing property with fully occupied commercial spaces and a regularly booked vacation rental business.; - Prime location in the downtown Historic District of Hot Springs, within walking distance of restaurants, attractions, and the Fall River.; - Recently updated throughout with modern amenities.
More about this property
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