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    Hill City, SD
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    Hill City, SD Retail Properties & Spaces for Sale

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    Keystone, SD Rapid City, SD Custer, SD Hermosa, SD Nemo, SD Summerset, SD Piedmont, SD Box Elder, SD
    Remodeled Restaurant Building For Sale
    Updated: Aug 16, 2024
    Remodeled Restaurant Building For Sale

    23858 Hwy 385, Hill City, SD

    $899,000
    4,960 sqft 1.62 AC lot
    Location boasts a proven track record of $800,000+ in gross sales operating seasonally.
    Turn‑key kitchen with all equipment included.
    Restaurant building completely remodeled in 2018.
    Large, central bar ideal for a tap house or wine bar.
    Enjoy the shaded outdoor patio with beautiful views of the Black Hills.
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    This listing looks promising.

    Here's a quick look at some key insights for

    23858 Hwy 385, Hill City, SD

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $63K
      Annual

    • Price @ 7% Cap

      $899K
      Above asking

    • Property Type

      Liquor Store
      Built 1947
    View Property Analytics
    Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 1 Active listings in Hill City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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.

    Multi-Use Downtown Commercial Building
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft

    Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

    View details
    Historic Corner Retail-Office Building
    Historic Corner Retail-Office Building

    501 KANSAS CITY, Rapid City, SD 57701

    $405,000
    3,424 sqft

    Main-floor retail and office space features large storefront windows, with additional upper offices and basement storage or workshops.

    View details
    Commercial
    Commercial

    21417 Us Hwy 14A, Lead, SD 57754

    $1,395,000

    Conventional restaurants

    View details
    Downtown Laundromat with Lease Income
    Downtown Laundromat with Lease Income

    508 Main Street, Lead, SD 57754

    $429,000
    1,512 sqft 0.12 AC lot

    Downtown laundromat with additional lease income opportunity.

    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.

    Downtown Corner Commercial Land
    Downtown Corner Commercial Land

    Mt. Rushmore Road, Custer, SD 57730

    $299,000
    0.34 AC lot

    Two build-ready city lots offer frontage on Mt Rushmore Road at a high-traffic intersection in downtown Custer.

    View details
    Commercial Development Corner Lot
    Commercial Development Corner Lot

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    1.11-acre corner site with General Commercial zoning for retail, restaurant, office, or service development.

    View details
    Retail Site on Haines Avenue
    Retail Site on Haines Avenue

    2440 Haines Avenue, Rapid City, SD 57701

    $220,000
    0.51 AC lot

    Prime retail location with high visibility and traffic.

    View details
    Rapid City Commercial Development Land
    Rapid City Commercial Development Land

    621 E Mall Dr, Rapid City, SD 57701

    $1,875,885
    7.23 AC lot

    7.23-acre commercial development land with utilities in active retail area.

    View details

    Off-Market Properties in Hill City, SD

    Consider similar Off-Market properties in Hill City, 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.

    355 Main St
    RETAIL STORES (PERSONAL SERVICES)

    355 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,490 sqft 0.27 AC lot
    View details
    351 Main St
    FINANCIAL BUILDING

    351 Main St, Hill City, SD 57745

    $520,000
    Estimated value
    4,947 sqft 0.90 AC lot
    View details
    22631 Rochford Rd
    BAR, TAVERN

    22631 Rochford Rd, Hill City, SD 57745-6007

    Value Estimation by Request
    1,715 sqft 0.06 AC lot
    View details
    12670 Robins Roost Rd
    RETAIL STORES (PERSONAL SERVICES)

    12670 Robins Roost Rd, Hill City, SD 57745-6519

    Value Estimation by Request
    2,274 sqft 2.77 AC lot
    View details
    287 Pond Ct
    AUTO REPAIR, GARAGE

    287 Pond Ct, Hill City, SD 57745-6700

    Value Estimation by Request
    3,023 sqft 0.18 AC lot
    View details
    335 Pne Ave
    LAUNDROMAT (SELF-SERVICE)

    335 Pne Ave, Hill City, SD 57745

    Value Estimation by Request
    936 sqft 0.12 AC lot
    View details
    330 Pne Ave
    AUTO REPAIR, GARAGE

    330 Pne Ave, Hill City, SD 57745

    Value Estimation by Request
    2,400 sqft 0.15 AC lot
    View details
    177 Museum Dr
    RETAIL STORES (PERSONAL SERVICES)

    177 Museum Dr, Hill City, SD 57745-6712

    Value Estimation by Request
    1,500 sqft 0.48 AC lot
    View details
    158 Museum Dr
    RESTAURANT

    158 Museum Dr, Hill City, SD 57745

    Value Estimation by Request
    4,573 sqft 0.42 AC lot
    View details
    164 Main St
    RETAIL STORES (PERSONAL SERVICES)

    164 Main St, Hill City, SD 57745-8001

    Value Estimation by Request
    1,908 sqft 0.34 AC lot
    View details
    227 Main St
    RETAIL STORES (PERSONAL SERVICES)

    227 Main St, Hill City, SD 57745-8907

    Value Estimation by Request
    1,881 sqft 0.06 AC lot
    View details
    272 Main St
    RETAIL STORES (PERSONAL SERVICES)

    272 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,240 sqft 0.04 AC lot
    View details
    241 Main St
    RETAIL STORES (PERSONAL SERVICES)

    241 Main St, Hill City, SD 57745

    Value Estimation by Request
    2,914 sqft 0.08 AC lot
    View details
    317 Main St
    DRIVE-THRU RESTAURANT, FAST FOOD

    317 Main St, Hill City, SD 57745

    Value Estimation by Request
    2,549 sqft 0.19 AC lot
    View details
    209 Main St
    RESTAURANT

    209 Main St, Hill City, SD 57745

    Value Estimation by Request
    2,340 sqft 0.12 AC lot
    View details
    253 Main St
    RETAIL STORES (PERSONAL SERVICES)

    253 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,320 sqft 0.06 AC lot
    View details
    277 Main St
    RETAIL STORES (PERSONAL SERVICES)

    277 Main St, Hill City, SD 57745

    Value Estimation by Request
    2,840 sqft 0.13 AC lot
    View details
    269 Main St
    RETAIL STORES (PERSONAL SERVICES)

    269 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,000 sqft 0.07 AC lot
    View details
    223 Main St
    RETAIL STORES (PERSONAL SERVICES)

    223 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,605 sqft 0.06 AC lot
    View details
    108 Main St
    RETAIL STORES (PERSONAL SERVICES)

    108 Main St, Hill City, SD 57745

    Value Estimation by Request
    900 sqft 0.20 AC lot
    View details
    148 Main St
    RESTAURANT

    148 Main St, Hill City, SD 57745

    Value Estimation by Request
    1,264 sqft 0.13 AC lot
    View details
    632 Main St
    CONVENIENCE STORE

    632 Main St, Hill City, SD 57745-2001

    Value Estimation by Request
    2,376 sqft 0.71 AC lot
    View details
    280 Main St
    RETAIL STORES (PERSONAL SERVICES)

    280 Main St, Hill City, SD 57745-8906

    Value Estimation by Request
    1,288 sqft 0.21 AC lot
    View details

    Hill City, SD Retail Properties & Spaces Market Trends and Statistics

    Explore 60 retail properties & spaces for sale in Hill City, SD on our real estate platform. These investment opportunities span a total of 4,960 square feet of properties for sale, with an estimated market value of $899,000.

    Sale prices for stores in Hill City, SD start at $899,000, averaging $899,000, and reaching up to $899,000 — 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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    Demographics Overview

    Population 1,784
    Population Growth (5Y) -20.4%
    Median Household Income $90,089
    College Educated 43.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57745 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.61%
    Property Tax per SF $24.61 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

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