106 South Chicago Hot Springs SD 57747

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Property Information
Price $689,000.00

MLS
#80764
Price
$689,000.00
Type
Business/Land/Building(s)
Area
Hot Springs
Selling
Assets
Legal Ownership
C Corporation
Current Use
Other
Liquor License
No
Malt Beverage
No
Number of Acres
0.17
Lot Size
.16
Total Bldg Sq Ft
6320
Frontage
50 ft
Building Levels
2
Year Built
1910
Commission paid to buyer agent: 3%

505 N River Street, Hot Springs

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 Listing Agent, Cathy Mosset, Heartland Real Estate a call at t605-890-1066

Contact Heartland Real Estate for more information at 605-745-6772
Listing Office: Heartland Real Estate, Phone: 605-745-6772
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Address

106 South Chicago
Hot Springs, SD 57747

Phone

605-745-6772

Toll Free

877-208-6706