Individually Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
10 properties nearbyComparable nearby
Similar Nearby for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,901 SF
- Lot area
- 0.29 ac
- Year built
- 1893
- Stories
- 1
- APN
- 32030-02200-060-00
- Assessed value · 2022
- $585,010
- Annual tax · 2022
- $10,017
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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