401 N RIVER ST Hot Springs, SD 57747
Listed By Century 21 Stevens & Associates, Resa Rutz
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
Details for 401 N RIVER ST
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Century 21 Stevens & Associates, 605-745-5141
Updated 12:15AM - 5/28/2023
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright © 2023 Mount Rushmore Area Association of REALTORS®, Inc. Multiple Listing Service. All rights reserved.
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