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Mixed-Use Building with Warehouse Space
New
For Sale
$1,195,000

523 Spearfish Canyon, Spearfish, SD 57783

Updated commercial property combining customer-facing space with dedicated storage and operational areas.

Property Size3,600 SF
Lot Size0.47 Acres
Price / SF$331.94
Days on Market1

Property Features for 523 Spearfish Canyon

General Information

Standard status Active
Size 3,600 SF
Lot size 0.47 Acres
Property subtype Commercial

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Warehouse Space 1,500 SF

Building Details

Buildings 1
Building Size 3,600 SF
Listing Agency: OAK & KEY REALTY, LLC
Listed By: Cher Rhoades · License #2849
Source: Willdixonrealestate
Added: Sep 21 Last Checked: Sep 21 at 3:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OAK & KEY REALTY, LLC

Investment Insights

Based on property information with market context.

This 3,600 sq. ft. mixed-use commercial building at 523 Spearfish Canyon Road combines approximately 2,100 sq. ft. of updated retail/restaurant space with an additional 1,500 sq. ft. allocated to warehouse and storage use. The interior was recently updated, providing customer-facing areas alongside space for inventory, equipment, deliveries, and other business operations. The property was formerly used as a restaurant and offers a flexible configuration for retail, food service, showroom, specialty shop, or service-oriented operations.

Set on .47 acres in Spearfish, the property occupies a highly visible position along Spearfish Canyon Road at the gateway to Spearfish Canyon. City water, private sewer, and natural gas serve the building. Constructed in 1958, the property offers a combination of commercial space, storage capacity, and destination-oriented roadway exposure.

Key Highlights

  • 3,600 sq. ft. commercial building on .47 acres
  • Approximately 2,100 sq. ft. of newly updated retail/restaurant space
  • Additional 1,500 sq. ft. of warehouse and storage space

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Real Estate Agency Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby

Demographics for 57783, SD

16,165
Population
8,347
Households
1.9
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
213.2 sq mi
ZIP Area
76
Density / Sq Mi
$64,970
Median Household Income
$35,014
Median Earnings
$946
Median Rent
$332,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated commercial property combining customer-facing space with dedicated storage and operational areas.
Where is this mixed-use property located?
The property is located at 523 Spearfish Canyon Spearfish, SD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3,600 sq. ft. commercial building on .47 acres; Approximately 2,100 sq. ft. of newly updated retail/restaurant space; Additional 1,500 sq. ft. of warehouse and storage space
More about this property
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