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505 N River

Hot Springs, SD 57747
  • $517,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 72337
Under Contract
UPDATED: 52 min ago
$517,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
Area:

School Ratings & Info

School District:

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: 2022-07-04T18:45:16.22.
www.daneenjacquot.com/homes/129301297
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505 N River Hot Springs, SD 57747

  • Price: $517,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 52 min ago
  • MLS #: 72337
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
Hot Springs
Area:
Hot Springs
School District:
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 Roof Rubber Siding Other Style Other

Interior Features

Approx Building Sq Ft 6320 Basement Substructure Partial BasementUnfinished Cooling Refrig. C/Air Entrance More Than 1/Apartment Heating PropaneForced Air Number Of Units 3 Systems Breaker

Property Features

Auction YN No Documents On File Financials For Sale Or Rent For Sale Miscellaneous Central Water Heater Modular YN No Multi Family Property Type Other Personal Property RefrigeratorElectric Range OvenWasherDryerWindow Coverings (All) Pets Allowed YN Yes Safety Features Smoke Detectors Short Sale No Subdivision YN No Tenant Pays See Remarks Terms CashNew Loan

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: 2022-07-04T18:45:16.22.
 
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1415 Mt Rushmore Rd
Rapid City SD, 57701