Spearfish Retail for Sale
The historic Lown Mercantile Building at 701 N 5th St, Spearfish, SD is offered for sale at $3,250,000. Constructed in 1893 and listed on the National Register of Historic Places, this landmark property has undergone an extensive award-winning renovation that seamlessly blends historic character with modern functionality. The building is home to the popular Six Goats Tavern on the main level, featuring a full-service bar, commercial kitchen, open dining area, and rustic architectural details. The second floor is well-suited for events, weddings, meetings, office use, or future redevelopment opportunities.
The property offers significant long-term upside with future elevator infrastructure, multiple outdoor entertainment decks, generous storage space, unfinished office areas, and a development-ready interior lot capable of supporting an additional five-story mixed-use building. This is a rare opportunity to acquire one of the Black Hills' most recognizable commercial assets with strong income potential, redevelopment flexibility, and unmatched historic appeal.
