701 5Th StSpearfish, SD 57783

This exceptional 8,242 square foot commercial property, built in 1893 and beautifully restored in 2000, is located in the heart of Spearfish, South Dakota, at 701 N 5th St, 57783. Currently operating as a successful restaurant and lounge, this two-lot property presents endless possibilities for a variety of commercial ventures. The main floor features a fully equipped steakhouse and bar, complete with a full-service kitchen boasting custom cherry cabinets, granite countertops, Subzero & Thermador appliances, Murano glass fixtures, and a fireplace with an oversized sandstone surround. The second story houses a stylish events center offering stunning views of the downtown area and access to a custom rooftop deck. This space includes high-end bathroom fixtures, one featuring a granite-surround shower. The building's 2000 renovation included upgrades to mechanical, electrical, and plumbing systems, as well as Cat5 internet wiring. The building has been prepared for an elevator, though one is not currently installed. The property received an Honor Award from the South Dakota State Historical Society upon completion of the renovations. Asking price is $3,500,000 ($424.65/sq ft). Note that a liquor license is not included in the sale price. This is a rare opportunity to acquire a landmark property in a thriving South Dakota community.