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Multi-Tenant Office Building
For Sale
$850,000

646 Jennings Avenue, Hot Springs, SD 57747

Masonry construction and adaptable interior walls support a flexible mix of office and retail suites.

Property SizeContact for details
Lot Size1.00 Acre
Days on Market38

Property Features for 646 Jennings Avenue

General Information

Standard status Active
Lot size 1.00 Acre
Property subtype Commercial

Amenities

on-site parking
flexible floor plan

Building Details

Year Built 1969
Buildings 1
Construction masonry
Tenancy Multi
Listing Agency: Century 21 Stevens & Associates
Listed By: Resa Rutz · License #1827
Source: Dupontrealestateteam
Added: Aug 2 Changed: Sep 8 Last Checked: Sep 8 at 5:58AM

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 Stevens & Associates

Investment Insights

Based on property information with market context.

This 10,560-square-foot commercial property occupies 1 acre and was built in 1969. The building is arranged as a multi-tenant plaza with approximately 26 rentable office and retail suites, providing an established framework for multiple occupants. Its solid masonry exterior and on-site parking add durable physical features, while much of the original interior uses non-load-bearing walls that can be reconfigured for changing space requirements. The south addition is excluded from that layout flexibility.

Located at 646 Jennings Ave. in Hot Springs, the property sits directly across from the U.S. Post Office, placing it in a central commercial setting with visibility and convenient access. The building formerly operated as a Piggly Wiggly and now offers a combination of office, retail, and adaptable commercial space.

Key Highlights

  • 10,560 square feet on 1 acre
  • Approximately 26 rentable office and retail suites
  • Built in 1969 with solid masonry exterior construction

Property Analytics

Current Use

Office buildings

Suggested Use

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

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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Frequently Asked Questions

What type of property is this?
Office building - Masonry construction and adaptable interior walls support a flexible mix of office and retail suites.
Where is this office building located?
The property is located at 646 Jennings Avenue Hot Springs, SD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 10,560 square feet on 1 acre; Approximately 26 rentable office and retail suites; Built in 1969 with solid masonry exterior construction
More about this property
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