505 River $517,000

Year Built
1910
Heat
Propane,Forced Air
Garage Type
Common,Paved,Street Parking
Roof
Rubber
Here is your opportunity to own a beautifully preserved historic sandstone building in downtown Hot Springs! Originally known as the Medical Block in the early 1900’s, this impressive 1910 commercial structure is ideally located across from the waterfall, Freedom walking trail, and Centennial Park. The high visibility, central location has heavy foot traffic and would be a great location to start your new business or simply take over the current TURN-KEY opportunity. The main level has three commercial suites that are all presently leased, a large conference room, central storage room, restrooms, and deck area. The second story offers three newly remodeled apartments that are very successfully operating as vacation rentals. The units are an efficiency, one bedroom, and two bedroom. They are all tastefully decorated with a modern feel and will come completely furnished and ready to welcome guests. This level also boasts a private deck area and laundry service. Visitors will enjoy their stay in the heart of Hot Springs with walking access to dining, shopping, art, spas and other local attractions. In addition to the very recent remodeling, other major updates include new windows and a new heating / cooling system. Contact me for a more comprehensive list of improvements. Property has recently been added to a Historical Sandstone Buildings tour at historichotspringssd.com. Take a look for some great history and photos of Hot Springs. Call 605-685-4060 for more information.
Security Amenities
Cash,New Loan
505 River
Hot Springs, South Dakota 57747
Region: Hot Springs
Sale Type: For Sale
Ref #: 72337
Category: Multi-Family
25 Hits
Listed by Christine Heidebrink - Mt. Rushmore Properties & Vacation Rental Homes on Monday, 30 May 2022 [For Sale]
Heat
Propane,Forced Air
Cooling
Refrig. C/Air
Siding
Other
Roof
Rubber
Year Built
1910
School District
Hot Springs
Style
Other
Garage Type
Common,Paved,Street Parking
505 River
Hot Springs, South Dakota 57747
Region: Hot Springs
Sale Type: For Sale
Ref #: 72337
Category: Multi-Family
25 Hits
Listed by Christine Heidebrink - Mt. Rushmore Properties & Vacation Rental Homes on Monday, 30 May 2022 [For Sale]

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505 River
Hot Springs, South Dakota 57747
Region: Hot Springs
Sale Type: For Sale
Ref #: 72337
Category: Multi-Family
25 Hits
Listed by Christine Heidebrink - Mt. Rushmore Properties & Vacation Rental Homes on Monday, 30 May 2022 [For Sale]

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505 River
Hot Springs, South Dakota 57747
Region: Hot Springs
Sale Type: For Sale
Ref #: 72337
Category: Multi-Family
25 Hits
Listed by Christine Heidebrink - Mt. Rushmore Properties & Vacation Rental Homes on Monday, 30 May 2022 [For Sale]