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Listed byRANDY OLIVIER • RE/MAX ADVANTAGE
$475,000
Est. payment /mo
3,936 SqFt
Active
509 N RIVER ST Hot Springs, SD 57747
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,936 sqft
Price per Sqft $120
MLS Listing ID 179468
HOA Y/N No
Year Built 1915
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions .05 acres
Property Sub-Type Retail
Property Description
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springs' vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy café and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.
Location
State SD
Area Southern Hills
Zoning General Commercial
Interior
Heating Electric, Coal/Wood
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Exterior
Parking Features None, On Street
Utilities Available Electricity Connected
View Y/N Yes
Roof Type Rubber
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, new loan
Listing Terms Cash, new loan
Schools and Properties Nearby