3 Canyon View Cir Hot Springs, SD 57747
This exceptional 3,456 square foot commercial property, situated on a desirable 3.14-acre lot in Hot Springs, South Dakota, presents a unique investment opportunity. Built in 1988, this two-story building currently functions as office space, housing seven individual offices, a conference room, and four bathrooms (including one handicap-accessible unit). Ample storage is also available. The property's classification as Mountain Residential within the city allows for versatile future uses. With some renovation, the building could easily be converted into a single-family residence or even two separate apartments. The extensive landscaping enhances the property's curb appeal. Located on a quiet cul-de-sac in a residential neighborhood, it enjoys proximity to Hot Springs' historic downtown. The building's current configuration, however, is well-suited for a variety of commercial uses. The substantial lot size offers significant potential for expansion or future development. This property is listed at $387,000 and offers a rare blend of commercial and residential potential in a highly desirable location. The address is 3 Canyon View Cir, Hot Springs, SD 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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.