10900 Rimrock Ln Spearfish, SD 57783
Exceptional opportunity to acquire Rim Rock Lodge, a profitable seasonal resort nestled on 6.29 acres in scenic Spearfish Canyon, South Dakota. This turnkey operation, just five miles from Spearfish, offers unparalleled views and is bordered on three sides by National Forest. The property comprises eleven buildings, including six cabins, a 4,000+ square foot modern residence with an owner's suite and three luxury guest suites, a historic 1919 lodge perfect for catered events with large decks and a kitchen, and a standalone gift shop and gallery offering beer, wine, and light bites. Recent improvements include a new well (2017) and approved septic upgrades (2021) for potential restaurant expansion. The property boasts significant redevelopment potential, subject to county approvals. The land is divided into two parcels; a smaller 2.61-acre parcel with covenants and a larger 3.68-acre parcel without covenants. This unique property presents diverse possibilities: a seasonal resort, year-round rentals, a family compound, or a private residence with income potential. The property has an excellent reputation and stunning curb appeal. Built between 1919 and 1990, with renovations extending up to 2022, this is a rare chance to own a piece of South Dakota history. Pre-qualified buyers only.
Cap rate
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Property description
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