Building Details

Year Built 1925

Listing Agency: Oak & Key Realty, LLC

Listed By: Cher Rhoades · License #1108 Show Phone

Source: Arcblackhills

Added: Sep 24 Last Checked: Sep 24 at 2:04PM

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Investment Insights

Based on property information with market context.

This storefront retail space in downtown Spearfish was built in 1925. Improvements include an updated exterior, roof, and HVAC system. Designated parking is available at the rear of the property.

Key Highlights

• Downtown Spearfish storefront retail space
• Building dates to 1925
• Updated exterior, roof, and HVAC system

Property Analytics

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Current Use

Ketel Thorstenson, LLP Tax Preparation Rockingtree Landscape Inc Landscaping Hartl Electric Electrical Service Dakota Insulation General Contractor Hampton Wealth Management Financial Advisor

Suggested Use

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,130

Businesses Nearby

47k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 59% Dining 39% Hotels & Casinos 2%

Loaf 'N Jug Shops & Services

8,256 visits/mo 0.0 miles

Conoco Shops & Services

6,971 visits/mo 0.5 miles

Exxon Shops & Services

6,899 visits/mo 0.3 miles

Taco John's Dining

5,827 visits/mo 0.2 miles

Arby's Dining

5,540 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - Updated roofing and HVAC accompany a storefront space in downtown Spearfish.

Where is this storefront property located?

The property is located at 741 N Main St Spearfish, SD.

What is the lease rate?

The lease rate is $5,000/Mo.

What are key features of this property?

This property features: Downtown Spearfish storefront retail space; Building dates to 1925; Updated exterior, roof, and HVAC system