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    Hot Springs, SD
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    Hot Springs, SD Restaurants for Sale

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    Buffalo Gap, SD Custer, SD Oelrichs, SD
    Commercial Building in Historic Hot Springs
    $175,000
    2,550 SF

    Commercial Building in Historic Hot Springs

    110 S Chicago Street, Hot Springs, SD 57747

    Commercial building in the heart of historic Hot Springs, SD.

    • Prime location in the heart of historic Hot Springs, SD.
    • Previously a successful bar/restaurant with existing kitchen setup, custom wood bar, and walk‑in cooler.
    • 2,250 sqft building with large dining area and covered patio.
    • Two ADA‑compliant bathrooms.
    • Partially finished basement offers potential expansion space.
    Updated: Sep 2, 2025
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    Downtown Hot Springs Commercial Space
    $135,000
    1,475 SF

    Downtown Hot Springs Commercial Space

    431 North River Street, Hot Springs, SD 57747

    1,475 SF commercial space ready for custom buildout.

    • Exceptionally located commercial space in downtown Hot Springs.
    • Situated across from the Hot Springs River Walk with a direct view of the waterfall.
    • High potential for attracting tourist traffic.
    • 1,475sf building suitable for restaurant or retail business.
    • Interior is stripped down and ready for a custom buildout.
    Updated: Feb 12, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Hot Springs, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Hill City Restaurant Building For Sale
    $1,445,000
    9,045 SF

    Hill City Restaurant Building For Sale

    9,045 sqft restaurant building with parking on 0.41 acres.

    158 Museum Drive, Hill City, SD 57745
    View details
    Remodeled Restaurant Building For Sale
    $899,000
    4,960 SF

    Remodeled Restaurant Building For Sale

    Remodeled restaurant with outdoor patio near Black Hills attractions.

    23858 Hwy 385, Hill City, SD
    View details
    Established Bakery & Cafe For Sale
    $1,400,000
    4,225 SF

    Established Bakery & Cafe For Sale

    Profitable bakery and cafe with apartment in high-traffic Custer location.

    541 Mount Rushmore Rd, Custer, SD 57730
    View details
    Established Restaurant with Living Quarters
    $1,400,000
    4,225 SF

    Established Restaurant with Living Quarters

    Profitable restaurant with apartment in high-traffic tourist area.

    541 MT RUSHMORE RD, Custer, SD 57730
    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.

    Custer Land on Highway 16
    $390,000
    0.56 Acres

    Custer Land on Highway 16

    Commercial land with high visibility on US Highway 16.

    631 W Mt. Rushmore Road, Custer, SD 57730
    View details
    Custer Commercial Land For Sale
    $299,000
    0.34 Acres

    Custer Commercial Land For Sale

    High-visibility commercial land in Custer's downtown area.

    TBD Mt. Rushmore Road, Custer, SD 57730
    View details
    Commercial Land in Downtown Custer
    $299,000
    0.34 Acres

    Commercial Land in Downtown Custer

    High-visibility commercial lots in downtown Custer, ready to build.

    TBD Mt. Rushmore Road, Custer, SD 57730
    View details
    Commercial Lot in Growing Corridor
    $574,992
    1.11 Acres

    Commercial Lot in Growing Corridor

    1.11-acre commercial lot in a growing Rapid City corridor.

    TBD Stumer Road, Rapid City, SD 57701
    View details

    Hot Springs, SD Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Hot Springs, SD on our real estate platform. These investment opportunities span a total of 4,025 square feet of properties for sale, with an estimated market value of $310,000.

    Sale prices for restaurant properties in Hot Springs, SD start at $135,000, averaging $155,000, and reaching up to $175,000 — 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

    Bars & Pubs 1

    Demographics Overview

    Population 5,889
    Population Growth (5Y) -0.4%
    Median Household Income $64,023
    College Educated 32.2%

    High-Yield Neighborhoods for Strategic Investment

    Identify Hot Springs submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    57747 $155K

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $92.35 per sq ft
    Average Loan-to-Value 65.0%

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