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505 N River Street

Hot Springs, SD 57747
  • $517,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 72336
Under Contract
UPDATED: 50 min ago
$517,000
  • 0
    BEDS
  • Less than 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
Area:

School Ratings & Info

Description

Here is your opportunity to own a beautifully preserved historic sandstone building in downtown Hot Springs! Originally known as the Medical Block in the early 1900s, this impressive 1910 commercial structure is ideally located across from the waterfall, Freedom walking trail, and Centennial Park. The high visibility, central location has heavy foot traffic and would be a great location to start your new business or simply take over the current TURN-KEY opportunity. The main level has three commercial suites that are all presently leased, a large conference room, central storage room, restrooms, and deck area. The second story offers three newly remodeled apartments that are very successfully operating as vacation rentals. The units are an efficiency, one bedroom, and two bedroom. They are all tastefully decorated with a modern feel and will come completely furnished and ready to welcome guests. This level also boasts a private deck area and laundry service. Visitors will enjoy their stay in the heart of Hot Springs with walking access to dining, shopping, art, spas and other local attractions. In addition to the very recent remodeling, other major updates include new windows and a new heating / cooling system. Contact me for a more comprehensive list of improvements. Property has recently been added to a Historical Sandstone Buildings tour at historichotspringssd.com. Take a look for some great history and photos of Hot Springs. Call 605-685-4060 for more information.

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© 2022 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2022-07-04T19:44:45.33.
www.daneenjacquot.com/homes/129301294
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505 N River Street Hot Springs, SD 57747

  • Price: $517,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 50 min ago
  • MLS #: 72336
0
Beds
0
Baths
0
½ Baths
Less than 0.5
Acres
1910
Built
Neighborhood:
Hot Springs
Area:
Hot Springs
Property Description
Here is your opportunity to own a beautifully preserved historic sandstone building in downtown Hot Springs! Originally known as the Medical Block in the early 1900s, this impressive 1910 commercial structure is ideally located across from the waterfall, Freedom walking trail, and Centennial Park. The high visibility, central location has heavy foot traffic and would be a great location to start your new business or simply take over the current TURN-KEY opportunity. The main level has three commercial suites that are all presently leased, a large conference room, central storage room, restrooms, and deck area. The second story offers three newly remodeled apartments that are very successfully operating as vacation rentals. The units are an efficiency, one bedroom, and two bedroom. They are all tastefully decorated with a modern feel and will come completely furnished and ready to welcome guests. This level also boasts a private deck area and laundry service. Visitors will enjoy their stay in the heart of Hot Springs with walking access to dining, shopping, art, spas and other local attractions. In addition to the very recent remodeling, other major updates include new windows and a new heating / cooling system. Contact me for a more comprehensive list of improvements. Property has recently been added to a Historical Sandstone Buildings tour at historichotspringssd.com. Take a look for some great history and photos of Hot Springs. Call 605-685-4060 for more information.
Exterior Features

Construction BlockFrame Parking CommonPavedStreet Parking

Interior Features

Approx Building Sq Ft 6320 Basement Substructure Partial BasementUnfinishedStone Foundation Cooling Refrig. C/Air Heating ElectricPropaneForced Air

Property Features

Auction YN No Commercial Property Type Ci Land W/Building Documents On File FinancialsLegal DescriptionPhotographsAerial Photo Extras FurnishedHi-Traffic LocationHigh Visibility For Sale Or Rent For Sale Occupant Short Term Short Sale No Subdivision YN No Terms CashNew Loan Type Lot Other Utilities Sewer City (At Site)

Listing information © 2022 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Christine Heidebrink of Mt. Rushmore Properties & Vacation Rental Homes.



© 2022 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2022-07-04T19:44:45.33.
 
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Daneen Jacquot Kulmala & Steve Kulmala | South Dakota Properties
1415 Mt Rushmore Rd
Rapid City SD, 57701