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    Spearfish, SD
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    Spearfish, SD Residential Income Properties for Sale

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    Lead, SD Belle Fourche, SD Whitewood, SD
    10 properties
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    Turnkey Motel/Airbnb Investment Opportunity
    Updated: Apr 21
    Turnkey Motel/Airbnb Investment Opportunity

    450 W Kansas Street, Spearfish, SD 57783

    $1,700,000
    5,787 sqft · 0.67 AC lot
    Turnkey 20‑unit motel/Airbnb operation, providing immediate cash flow.
    Zoned C‑1 Commercial, allowing for diverse income strategies.
    Development opportunity with completed flood study and plans for two additional duplexes.
    High‑traffic location and high visibility.
    Existing infrastructure includes natural gas heating and wall unit cooling.
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    Spearfish Commercial Building with Expansion Potential
    Updated: Dec 11, 2025
    Spearfish Commercial Building with Expansion Potential

    3103 E Fairgrounds Loop, Spearfish, SD 57783

    $1,299,000
    9,600 sqft · 0.90 AC lot
    Established commercial building with tenants in place providing income.
    Located just off I‑90, exit 8, in the Spearfish Industrial Park.
    Room to expand parking or the building on .9 acres.
    Main floor is 4800+- square feet featuring 4 separate suites and an apartment (living quarters).
    Basement is another 4800+- square feet partially built out including office, storage, and garage space.
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    Spearfish Mixed-Use Investment Opportunity
    Spearfish Mixed-Use Investment Opportunity

    3225 Old Belle Road, Spearfish, SD 57783

    $1,599,000
    3,950 sqft · 1.62 AC lot

    Successful business and investment property on 1.62 acres near Exit 8.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Investment Duplex and Office Barn
    Investment Duplex and Office Barn

    3225 Old Belle Road, Spearfish, SD 57785

    $900,000
    3,950 sqft · 1.62 AC lot

    Income-producing duplex plus a mostly finished barn currently leased as office and storage on expand-ready acreage.

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    Spearfish Land with Income Potential
    Spearfish Land with Income Potential

    3225 Old Belle Road, Spearfish, SD 57783

    $900,000
    3,950 sqft · 1.62 AC lot

    1.62 acres with barn, duplex, and expansion possibilities.

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    Downtown 5-Plex Residential Income
    Downtown 5-Plex Residential Income

    314 5th Street, Spearfish, SD 57783

    $659,000
    4,305 sqft

    Five-unit apartment building with updated interiors, detached garage access, and an on-site common laundry area.

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    Ranch Duplex with Pole Barn
    Ranch Duplex with Pole Barn

    262 Upper Valley Road, Spearfish, SD 57783

    $575,000
    3,782 sqft · 0.52 AC lot

    Duplex-style ranch property with private garages, walkout basement, and large pole barn on a fenced lot.

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    Furnished Duplex Rental Property
    Furnished Duplex Rental Property

    TBD 1954-1984 Russell Street, Spearfish, SD 57783

    $5,685,000
    3.25 AC lot

    Fully appliance-furnished duplex units with off-street parking and private decks/patios for a turn-key rental setup.

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    Turnkey 20-Unit Motel Property
    Turnkey 20-Unit Motel Property

    925 North 3rd Street, Spearfish, SD 57783

    $1,700,000
    5,787 sqft

    Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.

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    Spearfish Multifamily Development Opportunity
    Spearfish Multifamily Development Opportunity

    S 27th Street lot: 12 & 13, Spearfish, SD 57783

    $359,000
    0.57 AC lot

    Half-acre corner lot zoned R3, ideal for multifamily development.

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    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 10 Active listings in Spearfish, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Duplex with Unfinished Basement
    Remodeled Duplex with Unfinished Basement

    8 Baltimore Street, Lead, SD 57754

    $309,900

    Recently remodeled duplex with two 3-bedroom units, updated interiors, and basement storage for flexible live-in or rental use.

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    Thirteen-Unit Apartment Complex For Sale
    Thirteen-Unit Apartment Complex For Sale

    300 Aspen Drive, Lead, SD 57754

    $1,195,000
    12,328 sqft

    Thirteen-unit apartment complex with recent updates and meticulous care.

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    Mobile Home Court & Storage
    Mobile Home Court & Storage

    200 Charles St, Deadwood, SD 57732

    $3,185,000
    17.28 AC lot

    Turn-key mobile home community and self-storage investment opportunity.

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    Deadwood Commercial Property with Parking
    Deadwood Commercial Property with Parking

    31 Charles Street, Deadwood, SD 57732

    $449,000
    2,268 sqft · 0.29 AC lot

    Four-bedroom commercial property in downtown Deadwood with ample parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot in Ruby Ridge
    Residential Lot in Ruby Ridge

    TBD Lot 7A Charles Street, Spearfish, SD 57783

    $110,000
    0.50 AC lot

    Half-acre residential lot ready for construction in Spearfish, SD.

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    Spearfish, SD Building Lot
    Spearfish, SD Building Lot

    Tranquility Lane, Spearfish, SD 57783

    $109,000
    0.39 AC lot

    0.39 acre building lot with views and walk-out potential.

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    Mountain View Residential Land Parcel
    Mountain View Residential Land Parcel

    Tract 12A Lookout Vista Road, Spearfish, SD 57783

    $189,000
    2.69 AC lot

    Residential lot with electricity in place and planned central water, offering space in a Black Hills–area setting.

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    Premier Homesite in The Woodlands
    Premier Homesite in The Woodlands

    1135 Woodland Drive, Spearfish, SD 57783

    $299,000
    2.26 AC lot

    Rare opportunity to build a legacy home in Spearfish, SD.

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    Off-Market Properties in Spearfish, SD

    Consider similar Off-Market properties in Spearfish, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    230 Main St
    Multifamily properties

    230 Main St, Spearfish, SD 57783

    Value Estimation by Request
    8,685 sqft · 0.64 AC lot
    View details
    1724 Rustler Cir
    Multifamily properties

    1724 Rustler Cir, Spearfish, SD 57783

    Value Estimation by Request
    4,256 sqft
    View details

    Spearfish, SD Residential Income Properties Market Trends and Statistics

    Explore 12 residential income properties for sale in Spearfish, SD, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 41,111 square feet of properties for sale, with an estimated market value of $9,332,000.

    Sale prices for residential income properties in Spearfish, SD start at $575,000, averaging $1,166,500, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 10
    Duplexes 6
    Apartment buildings 2
    Short term rental properties 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +9.0%
    Median Household Income $64,970
    College Educated 47.6%

    High-Yield Neighborhoods for Investment

    Identify Spearfish submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Sturgis $900K
    Spearfish $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.58%
    Property Tax per SF $27.33 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lawrence County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Spearfish, SD

    • 57783
    • 57785

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