701 N 5TH ST, Spearfish, SD 57783
701 N 5TH ST, Spearfish, SD 57783,Video Tour
701 N 5TH ST, Spearfish, SD 57783
39
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Listed byRANDY OLIVIER • RE/MAX ADVANTAGE
$3,250,000
Est. payment /mo
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8,500 SqFt
Active

701 N 5TH ST Spearfish, SD 57783

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Jarred Curry

Jarred Curry

+1(605) 939-0990

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 8,500 sqft

Price per Sqft $382

MLS Listing ID 180133

HOA Y/N No

Year Built 1893

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions .29 acres

Property Sub-Type Retail

Property Description

Listed by Randy Olivier, REMAX Advantage, 605-430-6246. Positioned at one of the most recognizable intersections in Spearfish, the Lown Mercantile Building is one of the Black Hills' most celebrated commercial landmarks. Constructed in 1893 and proudly listed on the National Register of Historic Places, this iconic property has long stood as a symbol of Spearfish's remarkable evolution from a frontier trading community into one of South Dakota's premier destinations for tourism, higher education, and commerce. Following an award-winning historic rehabilitation, the building seamlessly blends timeless architecture with modern commercial functionality. Extensive renovations include structural reinforcement, updated mechanical systems, a fully equipped commercial kitchen, restored sandstone exterior, and expanded dining and entertainment areas. A striking timber-framed rear addition further distinguishes the property with multiple outdoor entertainment decks, generous storage, unfinished office space, and infrastructure designed for a future commercial passenger elevator, creating exceptional flexibility while positioning the building for enhanced ADA accessibility. Inside the main level, guests are welcomed into the Six Goats Tavern, featuring soaring ceilings, exposed timber beams, hardwood flooring, rustic architectural details, abundant natural light, and a spacious open dining room centered around an impressive full-service bar. The thoughtfully designed commercial kitchen and prep areas provide efficient service to both the dining and bar spaces, supporting high-volume operations with ease. The currently available second floor is designed for banquets, weddings, corporate events, private gatherings, potential offices, and meetings. 701 5th Street offers an extraordinary combination of historic significance, architectural character, modern infrastructure, and long-term investment potential. Landmark properties of this caliber rarely become available.

Location

State SD

Area Spearfish

Zoning General Commercial

Interior

Heating Natural Gas, Electric

Cooling Central Air

Flooring Tile, Wood

Exterior

Parking Features 11-20, On/Off Street

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N Yes

Roof Type Rubber

Building

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Others

Security Features Smoke Detector(s)

Acceptable Financing Cash, new loan, owner 2nd

Listing Terms Cash, new loan, owner 2nd

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Jarred Curry
Jarred Curry

Broker Associate

+1(605) 939-0990 | realtorjarred@gmail.com

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701 N 5TH ST