27689 Hwy Hot Springs, SD 57747
This exceptional 5.25-acre commercial property in Hot Springs, South Dakota, presents a unique investment opportunity. Located at 27689 Highway 385, this expansive land boasts a 6,610 square foot barndominium featuring three bedrooms and two bathrooms. The main living area offers an open-concept design with 11.5-foot ceilings, large windows, and a spacious primary suite with a walk-in closet. Beyond the comfortable living space, the property includes twelve storage units, a historic chicken coop with an attached greenhouse, and a substantial 4,030 square foot insulated and heated shop with oversized doors, ideal for various uses. A dedicated garden area is also present. The property benefits from both rural water and a well, ensuring a reliable water supply. Situated less than ten minutes from Angostura boat docks, it offers convenient access to recreational activities and Highway 385. Stunning views overlook the Fall River, which runs through the property. This versatile property is perfect for a blend of residential and commercial uses, offering significant potential for various business ventures or hobbyists. The property's 2,580 square feet of building space is complemented by the expansive acreage, providing ample room for expansion or additional development. The property is located in Fall River County, South Dakota, zip code 57747.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.