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Storefront with Rear Office Space
For Sale
$129,900

307 S CHICAGO, Hot Springs, SD 57747

Renovated storefront property with an open front and flexible rear workspace including kitchenette and private office potential.

Property Size691 SF
Price / SF$187.99
Days on Market125

Property Features for 307 S CHICAGO

General Information

Standard status Active
Size 691 SF

Additional Details

Utilities to Site Yes

Amenities

kitchenette
Forced Air, Propane
Partial, Unfinished
City, Hills
Off Street, On Street, Gravel

Building Details

Building Size 691 SF
Year Renovated 2023
Listing Agency: HEARTLAND REAL ESTATE
Listed By: KIM PANNILL
Source: Evrealestate
Added: Apr 22 Changed: Aug 23 Last Checked: Aug 23 at 2:48AM

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 HEARTLAND REAL ESTATE

Investment Insights

Based on property information with market context.

This Main Street storefront property is designed with a modern, open front space and a flexible rear area that can support a private office, workspace, or additional service area. The rear includes a kitchenette, and the building was renovated in 2023 with a new bathroom and a shower. There is also an outside entrance to a small utility basement for the water heater and forced air furnace.

The property also includes a secondary 432 sq ft structure accessed off the alley. That secondary structure is partially gutted and ready for build-out, with some plumbing already in place and electric available to the building but not hooked up. An owned propane tank is included, and the property is described as being under commercial zoning.

Sold as-is, the site offers an arrangement of front retail storefront space plus rear and secondary areas for additional workspace or expansion based on a buyer’s build-out plan.

Key Highlights

  • Main Street property with versatile layout for retail, office, or studio use
  • Renovated in 2023 with a new bathroom and shower
  • Front storefront plus a flexible rear area with kitchenette and private office/workspace potential

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Garden Center Plumbing Service Auto Repair Shop

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
Utilities to site

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby
Balanced
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Changing Seasons Floral & Gifts 323 S Chicago St, Hot Springs, SD 57747

Frequently Asked Questions

What type of property is this?
Storefront property - Renovated storefront property with an open front and flexible rear workspace including kitchenette and private office potential.
Where is this storefront property located?
The property is located at 307 S CHICAGO Hot Springs, SD.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Main Street property with versatile layout for retail, office, or studio use; Renovated in 2023 with a new bathroom and shower; Front storefront plus a flexible rear area with kitchenette and private office/workspace potential
More about this property
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