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505 N River Street, Hot Springs, SD 57747

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For Sale

$689,000

3 beds • 6,320 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $109.02
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs, South Dakota. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with three retail/office store front suites on the main level and an upper level with three vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many of local restaurants, waterfall, river front walking path and many of the local attractions. North River Street is in its final phase of a street road reconstruction project which includes a new road, new sidewalks, new street lighting, updating city infra structure and includes the installation of a new cantilevered walkway along Fall River which flows through downtown. Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO - this platform provides excellent additional information on the amenities of these vacation rentals). The nightly vacation rental business could easily convert into monthly or yearly apartment rentals if new owner so chose. For more information and to schedule a private tour please give ListingAgent, Cathy Mosset, Heartland Real Estate a call at t605-890-1066
MLS# 81449

Courtesy Of Heartland Real Estate

(605) 745-6772

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    Other
  • Lot Size
    0.16 Acres
  • Rooms
    Basement

Map and Directions

Directions to 505 N River Street, Hot Springs, SD 57747

Home seller CENTURY 21 Stevens and Associates, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Stevens and Associates, Inc.

(605) 745-5141
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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