305 Main St Lead, SD 57754-1708
Property profile & analytics
305 Main St Lead, SD 57754-1708
- Showrooms
- 1,120 SF
- 0.20 lot acres
Property ID
US79-0333074
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 305 Main St
- Year built
- 2001
- Lot size
- 0.20 lot acres
- Property size
- 1,120 SF
- Property type
- Showrooms
- APN
- 31440-00700-003-00
- APU
- 314400070000300
Description
This exceptional mixed-use property, located at 305 W Main St in Lead, South Dakota, presents a unique investment opportunity. The 10,800 square foot building, renovated in 2022, boasts a beautifully restored Victorian-style exterior and comprises four stories. The ground floor features a thriving bar and restaurant with a full liquor license (valued at $100,000, included in the $850,000 asking price), a grand brick fireplace, and a spacious open area. The second floor houses meticulously restored hotel rooms, each equipped with its own commercial gas hot water heater, furnace, and AC unit. These rooms generate additional income through listings on Airbnb, Expedia, and Booking.com. A second kitchen, walk-in coolers, freezers, and ample storage are located in the lower level, offering versatility for various uses. The third floor provides significant potential for expansion, with plans for eight additional hotel rooms. The property also includes a welcoming outdoor corner patio with a grassy area and stunning Black Hills views. Situated adjacent to the Homestake Opera House and Arts House, this property benefits from a prime downtown location. The building features a newer roof and an on-demand hot water heater in the basement. The third floor has electric service. A cooking and expo area is conveniently located behind the bar. This turnkey operation offers a blend of established income streams and significant upside potential. The 0.2-acre lot is commercially zoned. This is a rare chance to own a piece of Lead's rich history and vibrant downtown.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lead
- County
- Lawrence
- State
- South Dakota
- Longitude
- -103.758
- Latitude
- 44.3537
- CBSA code
- 43940
- CBSA name
- SPEARFISH, SD MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,955
$21,450
$73,590
$95,040
-
$0.00
$0.00
$0.00
