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Retail + Apartment above - Hot Springs, SD 509 N River St 3,936 SF Retail Building Hot Springs, SD 57747 $663,062 CAD ($168.46 CAD/SF)
INVESTMENT HIGHLIGHTS
- Newly renovated apartment with separate entrance - kitchen will be finished soon
- Fully built-out cafe/restaurant space
- Walk Score of 52. Heavy foot traffic in the summer months
EXECUTIVE SUMMARY
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in theheart 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 exploring 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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,936 SF
Building Class
C
Year Built/Renovated
1915/2025
Price
$663,062 CAD
Price Per SF
$168.46 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.51
Lot Size
0.06 AC
Zoning
General Commercial - General Commercial
AMENITIES
- Waterfront
- Balcony
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 75410-02300-015-00 | Total Assessment | $365,873 CAD (2025) |
| Land Assessment | $35,100 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $330,773 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
75410-02300-015-00
Land Assessment
$35,100 CAD (2025)
Improvements Assessment
$330,773 CAD (2025)
Total Assessment
$365,873 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Retail + Apartment above - Hot Springs, SD | 509 N River St
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