401 N. River St.
Hot Springs, South Dakota

Listed By CENTURY 21 Stevens and Associates, Inc.

The Retail Property for Sale located at Hot Springs, South Dakota is currently for sale. Hot Springs, South Dakota is listed for $950,999. This property has Boat Dock features. If the property located at Hot Springs, South Dakota isn't what you're looking for, visit https://www.century21global.com to see other Retail Properties for Sale in Hot Springs .

Date Updated : Jan 9, 2025

MLS#: 81437

$950,999 USD

Minimum sellable space
966m² (10,395ft²)

The details

Property features

Key features

Boat Dock

Construction details

Year built: 1902
Roofing: Rubber

Other features

Property features: Storage Space
Cooling system: Air Conditioning
Heating system: Propane

Area

Property size: 966m² (10,395ft²)
Land/Lot size: 1,862m² (0.46ac)

Description

Step into the magnificent Water, Light & Power Building, which stands as the largest and most exceptional historic sandstone building up for sale in Hot Springs. With its prime location on N River Street, this building promises to attract a steady flow of retail traffic, making it an ideal investment opportunity. The property boasts an incredible 10,395 square feet, which includes a 1,358 square feet retail space that currently operates as a salon and spa, a stunning 2-bedroom loft apartment above the salon, and two enormous garages on either side. The north-side garage spans 3,186 square feet and features a 26x20 loading dock, while the south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet that's ideal for storage.

The building underwent a complete overhaul in 2021, with new electrical and plumbing systems, flooring, paint, fixtures, and even LED high-efficiency lights. It's rare to find a historic building that's been so extensively updated! Construction is set to begin in April/May 2023 to install a new roof on the north-side garage and make full repairs to the rest of the building's roofs, along with the addition of a brand-new awning. The parking lot has plenty of spaces, and the location offers a fantastic view, making it an attractive investment opportunity with endless possibilities. Additionally, one of the owners is a licensed broker associate and the listing agent. Resa Rutz C21 Stevens & Assoc 605-891-1298

This paragraph can be translated by Bing Translate. Translate

Location

Hot Springs, South Dakota

© 2023 Century 21® Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21® Logo and C21® are registered service marks owned by Century 21® Real Estate LLC. Century 21® Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing Information is deemed reliable but is not guaranteed accurate.

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

401 N. River St. Hot Springs, South Dakota