307 S Chicago Street, Hot Springs, SD 57747
Fall River County
Key Facts
Description
Excellent investment opportunity in the heart of Hot Springs! This versatile Main Street property offers a modern, open layout ideal for retail, office, or studio use. The front space features an eye-catching storefront with great visibility and foot traffic, while the rear provides flexibility for a private office, workspace, or additional service area, along with a convenient kitchenette. The building was renovated in 2023 with a new bathroom and a shower. Outside entrance to a small utility basement for water heater and forced air furnace. In addition, a secondary 432 sq ft structure located off the alley offers outstanding potential. Partially gutted and ready for build-out, it’s a blank canvas for a workshop, storage, or expanded commercial space tailored to your needs. Electric is to the building but it is not hooked up. Some plumbing is also in place. With an owned propane tank and commercial zoning, this property is well-positioned for a variety of business opportunities. Located in a high traffic area of Hot Springs, this is a great chance to establish or expand your business presence with room to grow. Property is being sold as-is.
Property Information
Property Type
Commercial Sale
Year Built
1975
Stories
1
Living Area
691 sq ft
Lot Size
0.08 acres
MLS® Listing#
88325
Property Features
Heating
Basement
Parking
Construction
Directions
From the intersection of University & S. Chicago Street. Take S. Chicago Street south to address. Property will be on your left, across from Big Time Pizza.
Affordability Calculator
$26,630
Estimated monthly payment
$709/mo
Principal $106,520 · Est. interest $148,605 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hot Springs, SD
- $396,226
- Median Listing Price
- 79
- Median Days on Market
- 1,774
- Median Sq Ft
- $233
- Median Price / Sq Ft
- 118
- Active Listings
- This home’s price is 66% below the area median.
- Its price per sq ft is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hot Springs, SD.
Location
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Points of Interest in Hot Springs, SD
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| TBD Sapphire Lane, Hot Springs, SD | $94,900 | — | — | — |
| 12772 Hargins Hollow Rd, Hot Springs, SD | $95,000 | — | — | — |
| TBD Falcon Drive, Hot Springs, SD | $95,000 | — | — | — |
| Tract B, Lot 11 Galveston Circle, Hot Springs, SD | $95,000 | — | — | — |
| TBD(Lot GC 98) FALCON DR, Hot Springs, SD | $95,000 | — | — | — |
| 702 Indianapolis Avenue, Hot Springs, SD | $95,500 | — | — | — |
Moving Cost Estimate
EXIT Agents in Hot Springs
Listing Courtesy: Heartland Real Estate - 6057456772