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Mixed-Use Building with Opera House
For Sale
Contact for pricing
Pending

604 N Main St, Spearfish, SD 57783

Main Street commercial property combining retail, entertainment, office, apartment, and studio uses in one established building.

Property Size43,000 SF
Days on Market142

Property Features for 604 N Main St

General Information

Standard status Pending
Size 43,000 SF
Property subtype Retail

Units

Unit Mix 1 x studio, 1 x 2BR/2BA, 3 x 2BR
Multifamily Units 5

Amenities

historic Mathews Opera House
dance studio
public restroom
parking lot

Building Details

Stories 2
Tenancy Multi
Listing Agency: CENTURY 21 Spearfish Realty
Listed By: Richard Tysdal · License #SD 4264
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:31AM

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 Spearfish Realty

Investment Insights

Based on property information with market context.

Located at 604 N Main St in Spearfish, South Dakota, the Kelley Block is a mixed-use property with retail space at street level and a broad range of second-floor improvements. The building includes the historic Mathews Opera House, a dance studio, four (4) office spaces, and five (5) apartments. The residential component includes one studio, one two-bedroom loft with two bathrooms, and three additional two-bedroom units.

The property contains approximately 43,000 square feet above ground, plus another 20,000 square feet of usable basement space. Updates over time have included HVAC, electrical, and plumbing systems. The property also includes a public restroom in the rear alley that is leased to the City of Spearfish, along with an additional parking lot used by residential tenants.

Key Highlights

  • Approximately 43,000 square feet above ground plus 20,000 square feet of usable basement space
  • Historic Mathews Opera House included within the second‑floor layout
  • Five (5) apartments, including a studio, loft, and three two‑bedroom units

Property Analytics

Current Use

V Rae's Boutique Clothing Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic

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

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

886
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main Street commercial property combining retail, entertainment, office, apartment, and studio uses in one established building.
Where is this mixed-use property located?
The property is located at 604 N Main St Spearfish, SD.
What are key features of this property?
This property features: Approximately 43,000 square feet above ground plus 20,000 square feet of usable basement space; Historic Mathews Opera House included within the second‑floor layout; Five (5) apartments, including a studio, loft, and three two‑bedroom units
More about this property
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