509 N River Street, Hot Springs, SD 57747
Hot Springs City · Fall River County
Key Facts
Description
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springs’ vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy café and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.
Property Information
Property Type
Commercial Sale
Year Built
1915
Stories
2
Living Area
3,936 sq ft
Lot Size
0.05 acres
MLS® Listing#
89045
Property Features
Heating
Parking
Lot Features
Construction
Sewer
Directions
Located along the East side of N River Street and just South of Minnekahta Avenue.
Affordability Calculator
$95,000
Estimated monthly payment
$2,528/mo
Principal $380,000 · Est. interest $530,134 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 20% above the area median.
- Its price per sq ft is 48% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hot Springs, SD.
Location
Map is currently unavailable for this location.
Points of Interest in Hot Springs, SD
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Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 309 S Dakota Street, Hot Springs, SD | $335,000 | 2 | — | 2,400 |
| 309 S DAKOTA STREET, Hot Springs, SD | $335,000 | 2 | — | 1,440 |
| 2329 Ely Avenue, Hot Springs, SD | $335,000 | 3 | — | 1,532 |
| 201 S 6th Street, Hot Springs, SD | $335,999 | 5 | — | 1,836 |
| 201 S 6TH ST, Hot Springs, SD | $335,999 | 5 | — | 1,836 |
| 1645 Washington Avenue, Hot Springs, SD | $345,000 | 5 | — | 3,574 |
Moving Cost Estimate
Listing Courtesy: RE/MAX Advantage - 6053437653