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Hot Springs, SD Storefront Properties for Sale

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Custer, SD Buffalo Gap, SD Edgemont, SD Oelrichs, SD Fairburn, SD
Downtown Hot Springs Commercial Space
Updated: Feb 12, 2025
Downtown Hot Springs Commercial Space

431 North River Street, Hot Springs, SD 57747

$135,000
1,475 sqft
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.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

Three-Unit Downtown Commercial Building
Three-Unit Downtown Commercial Building

219 MAIN ST, Chadron, NE 69337

$220,000

Three leased main-level suites with recent remodeling and 2023 HVAC, plus an upper level that could be renovated into apartments.

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Highway 85 Commercial Building
Highway 85 Commercial Building

1401 Mills Street, Belle Fourche, SD 57717

$439,000
1,650 sqft 0.63 AC lot

High-visibility commercial building with flexible use opportunities on Highway 85.

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Historic Mixed-Use Building For Sale
Historic Mixed-Use Building For Sale

201 W 2nd Street, Chadron, NE 69337

$285,000
2,500 sqft

Mixed-use building with retail space and residential income potential.

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Prime Commercial Building in Belle Fourche
Prime Commercial Building in Belle Fourche

501 State Street, Belle Fourche, SD 57717

$325,000
7,811 sqft 0.09 AC lot

Spacious commercial building in downtown Belle Fourche with high visibility.

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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.

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.

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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.

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Build-to-Suite Retail Space
Build-to-Suite Retail Space

560 Running Drive Ste 140 W, Gillette, WY 82718

$720,000
3,600 sqft

Newly constructed retail space in Gillette’s RC Ranch area, offered as build-to-suite units under C-1 zoning.

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Retail Storefront Build-to-Suite
Retail Storefront Build-to-Suite

560 Running Drive Ste 130 W, Gillette, WY 82718

$600,000
3,000 sqft

Modern retail space currently under construction with seller build-to-suite options for multiple units.

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Hot Springs, SD Storefront Properties Market Trends and Statistics

Explore 1 storefront properties for sale in Hot Springs, SD on our real estate platform. These investment opportunities span a total of 7,875 square feet of properties for sale, with an estimated market value of $520,000.

Sale prices for retail units in Hot Springs, SD start at $135,000, averaging $260,000, and reaching up to $385,000 — 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

Automotive properties 1
Storefront properties 1

Demographics Overview

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

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
57747 $260K

Taxes & Financing

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

Total CRE Inventory on Market (SF)

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