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Historic Mixed-Use Building
For Sale
Contact for pricing
Pending

141 1/2 S Chicago Street, Hot Springs, SD 57747

Ground-floor commercial space pairs with upper-level residential conversion potential in a downtown business district.

Property Size8,000 SF
Days on Market144

Property Features for 141 1/2 S Chicago Street

General Information

Standard status Pending
Size 8,000 SF
Property subtype Special Purpose

Property Condition

Severity Repairs Needed
Evidence TLC
Listing Agency: Century 21 ClearView Realty
Listed By: Denise Haden · License #SD
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 5:03PM

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 Century 21 ClearView Realty

Investment Insights

Based on property information with market context.

This historic mixed-use building contains approximately 8,000 square feet arranged for a combination of commercial and residential use. The ground floor offers business rental space, with one side currently occupied, while the upper level presents an opportunity for apartment conversion. Located in the downtown business district of Hot Springs, the property provides a foundation for a buyer seeking to reposition an existing storefront asset within the local commercial core.

Key Highlights

  • Approximately 8,000 square feet of building area
  • Ground floor configured for business rental space
  • Upper level offers potential for apartment conversion

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Building Supply Plumbing Service Bakery (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 54% Home Improvements & Furnishings 39% Hotels & Casinos 7%
Hot Springs Ace Hardware Home Improvements & Furnishings
4,089 visits/mo 0.0 miles
First Interstate Bank Shops & Services
2,218 visits/mo 0.2 miles
Sinclair Shops & Services
1,948 visits/mo 0.1 miles
Auto Value Shops & Services
844 visits/mo 0.2 miles
Baymont By Wyndham Hot Springs Hotels & Casinos
773 visits/mo 0.5 miles

Demographics for 57747, SD

5,695
Population
3,481
Households
1.6
Avg Household Size
56
Median Age
22%
College-Educated
90%
High-School Grad
508.3 sq mi
ZIP Area
11
Density / Sq Mi
$64,023
Median Household Income
$42,427
Median Earnings
$850
Median Rent
$195,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space pairs with upper-level residential conversion potential in a downtown business district.
Where is this mixed-use property located?
The property is located at 141 1/2 S Chicago Street Hot Springs, SD.
What are key features of this property?
This property features: Approximately 8,000 square feet of building area; Ground floor configured for business rental space; Upper level offers potential for apartment conversion
More about this property
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