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Mixed-Use Building with Apartments

604 N MAIN ST, Spearfish, SD 57783

For Sale
$2,999,999

COMMERCIAL, Spearfish, SD

Property Size63,000 SF
Lot Size0.64 Acres
Price / SF$47.62
Days on Market61

Property Features for 604 N MAIN ST

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Spearfish
Standard status Active
Size 63,000 SF
Lot size 0.64 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, restaurant, office, residential, dance hall, opera house

Taxes and HOA fees

Tax Year 25
Tax Annual Amount 20856

Amenities

basements
attic storage
elevator
adjacent tenant parking

Building Details

Year built 1900
Number of units 16
Roof type Flat
Buildings 1
Listing Agency: Landmark Realty & Development
Listed By: Karson Klein
Added: Sep 8 Changed: Nov 2 Last Checked: Nov 7 at 12:06PM
MLS# 90284

Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The Kelley Block is a 63,000-square-foot mixed-use property built in 1900 on a 0.64-acre site. Its spaces include ground-floor retail and restaurant units, professional offices, service businesses, apartments, a dance hall, and the Matthews Opera House. Building features include an elevator, multiple basements, attic storage, and tenant parking alongside the property. Several occupants have remained for decades, and an AT&T rooftop communications lease adds another revenue source.

Located in downtown Spearfish, the property spans 604–630 N Main Street. Improvements include an 80-mil PVC membrane roof across all three roof sections, electrical upgrades, gas lines for rooftop HVAC equipment, sewer work, and updates to residential apartments and commercial suites.

Key Highlights

  • 63,000 square feet on 0.64 acres
  • Mixed‑use spaces include retail, restaurants, offices, services, apartments, a dance hall, and the Matthews Opera House
  • Built in 1900; address spans 604–630 N Main Street in downtown Spearfish

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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 Kitchen & Bath Showroom

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

885
Businesses Nearby
37k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 52% Dining 45% Hotels & Casinos 2%
Loaf 'N Jug Shops & Services
8,256 visits/mo 0.2 miles
Conoco Shops & Services
6,971 visits/mo 0.4 miles
Taco John's Dining
5,827 visits/mo 0.4 miles
Arby's Dining
5,540 visits/mo 0.3 miles
Papa Murphy's Dining
3,322 visits/mo 0.3 miles

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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A varied tenant mix spans retail, dining, office, service, residential, and cultural spaces.
Where is this mixed-use property located?
The property is located at 604 N MAIN ST Spearfish, SD.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 63,000 square feet on 0.64 acres; Mixed‑use spaces include retail, restaurants, offices, services, apartments, a dance hall, and the Matthews Opera House; Built in 1900; address spans 604–630 N Main Street in downtown Spearfish
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