Retail Front with Apartment for Sale
Mixed Use | 3,936 SqFt
Marketing description
Downtown Hot Springs mixed-use opportunity. This historic ±3,936 SF building features a turnkey café/retail space on the main level and a second-floor apartment under renovation, creating strong owner-user or value-add potential. General Commercial zoning supports a variety of business uses. Prime location along North River Street near shopping, dining, and key Black Hills attractions. Real estate is offered separately from business and equipment.Listed by Randy Olivier, RE/MAX Advantage,
605-430-6246.
Investment highlights
Mixed-Use Income Potential: Retail/café space on the main level with a second-floor apartment ideal for rental income or owner occupancy.
Value-Add Opportunity: Apartment currently under renovation, allowing customization and future rent upside.
±3,936 SF Historic Asset: Character-rich 1915 construction with distinctive architecture.
Flexible General Commercial Zoning: Supports restaurant, retail, office, service, or live-work configurations.
Tourism-Driven Location: Positioned in a downtown corridor benefiting from steady year-round visitors to the southern Black Hills.
Owner-User or Investment Play: Operate a business below while generating residential income above, or lease both for dual streams.
Infrastructure in Place: 400-amp, 3-phase power and separate meters provide operational flexibility.
Accessible Downtown Setting: Strong visibility with convenient on-street parking and walkability to local businesses.
Offered at $475,000: Attractive basis for a mixed-use asset with repositioning potential.
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