106 South Chicago Hot Springs SD 57747

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entire Black Hills region!

Property Information
Price $950,999.00

MLS
#77412
Price
$950,999.00
Type
CI Land w/Building
Area
Hot Springs
Selling
N/A
Legal Ownership
Limited Liability Company
Current Use
Retail
Liquor License
No
Malt Beverage
No
Number of Acres
0.46
Lot Size
.46
Total Bldg Sq Ft
10395
Parking Spaces
man
Building Levels
2
Year Built
1902

401 N River Street, Hot Springs

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

Contact Heartland Real Estate for more information at 605-745-6772
Listing Office: Century 21 Stevens & Associates, Phone: 605-745-5141
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Address

106 South Chicago
Hot Springs, SD 57747

Phone

605-745-6772

Toll Free

877-208-6706