Historic Multi-Tenant Retail
For Sale
Contact for pricing
713 N River Street, Hot Springs, SD 57747
Sandstone block building with four metered commercial spaces, main-street frontage, and alley-access parking.
Property Size6,400 SF
Price / SF$60.16
Days on Market69
Property Features for 713 N River Street
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Special Purpose
Occupancy
75%
Additional Details
Office Units
1
Building Details
Year Built
1913
Year Renovated
2021
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 ClearView Realty
(605) 721-1257
Listed By:
Seth Malott · License #SD
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 8 at 3:28PM
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.
Built in 1913 as the region’s first Ford dealership, this iconic sandstone block building offers a multi-tenant setup across approximately 6,400 square feet. The property contains four separate commercial spaces, each with individual electric and water meters. Three of the spaces are currently occupied by long-term tenants, including two established anchor businesses, a middle retail space, and a rear office suite leased to a handyman operation. Recent major improvements include a new steel roof installed in 2021 and PEX plumbing to the basement. An unfinished second floor is available for future build-out as a 2-bed/1-bath apartment.
The building sits in the heart of downtown Hot Springs on N. River Street, positioned between the Smokehouse Bar and the Flat Iron Historic Inn. It offers main street frontage plus alley access with parking. A vacant adjacent lot also accompanies the property.
For buyers seeking a downtown commercial income property with multiple separate suites and practical separation of utilities, the existing metered layout supports a variety of tenant uses within the four-space configuration. The currently leased offices and retail areas can help support cash flow while an additional space and the unfinished second floor provide opportunities for future leasing or conversion, subject to applicable approvals. Flexible terms, including owner carry, are available.
The building sits in the heart of downtown Hot Springs on N. River Street, positioned between the Smokehouse Bar and the Flat Iron Historic Inn. It offers main street frontage plus alley access with parking. A vacant adjacent lot also accompanies the property.
For buyers seeking a downtown commercial income property with multiple separate suites and practical separation of utilities, the existing metered layout supports a variety of tenant uses within the four-space configuration. The currently leased offices and retail areas can help support cash flow while an additional space and the unfinished second floor provide opportunities for future leasing or conversion, subject to applicable approvals. Flexible terms, including owner carry, are available.
Key Highlights
- Built in 1913 as the region’s first Ford dealership; sandstone block multi‑tenant building in downtown Hot Springs
- 6,400+ SF with four separate commercial spaces, each with individual electric and water meters
- Three units currently occupied by long‑term tenants, including two established anchor businesses, with annual rents of $29,400
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Sandstone block building with four metered commercial spaces, main-street frontage, and alley-access parking.
Where is this storefront property located?
The property is located at 713 N River Street Hot Springs, SD.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Built in 1913 as the region’s first Ford dealership; sandstone block multi‑tenant building in downtown Hot Springs; 6,400+ SF with four separate commercial spaces, each with individual electric and water meters; Three units currently occupied by long‑term tenants, including two established anchor businesses, with annual rents of $29,400
