713 N RIVER ST Hot Springs SD 57747-1412

Built in 1913 as the region's first Ford dealership, this iconic sandstone block building at 713 N. River Street is a proven income producer in the heart of downtown Hot Springs — situated right between the Smokehouse Bar and the Flat Iron Historic Inn. The 6,400± sq. ft., multi-tenant building features four separate commercial spaces with individual electric and water meters, three of which are currently occupied by long-term, loyal tenants including two established anchor businesses, a middle retail space with fresh potential, and a rear office suite leased to a handyman operation. Major improvements include a new steel roof (2021) and PEX plumbing to the basement. An unfinished second floor offers exciting upside with potential to build out a 2-bed/1-bath apartment. The property features great main street frontage, alley access with parking, and a vacant adjacent lot — all at an asking price of $385,000 with $29,400 in annual rents and flexible terms available including owner carry.