Retail front with apartment

For Sale

509 N. River Street, Hot Springs, SD 57747

This Hot Springs property for sale is located at 509 N. River Street. The general use of Retail front with apartment is mixed use and it incorporates 3,936 square feet of class B mixed use space. The current listed sale price for Retail front with apartment is $121/SF. Retail front with apartment is situated on a lot that is 2,352 square feet in size.

Contacts

Randy Olivier, CCIM

Olivier Real Estate

CCIM

Property Details

  • Property Type Mixed Use - Office / Retail
  • Property Size 3,936 SF
  • Units 1
  • Lot Size 2,352 SF
  • Taxes / YR $4,351.32
  • Zoning General Commercial : Retail
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1915
  • Year Renovated 2025
  • Date Updated Jun 15, 2026
  • Visibility/Traffic Count (VPD) 6,178

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 cafe 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. 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. 

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.  FF&E is available through a separate bill of sale for $85,000

 

Listed by Randy Olivier, CCIM-  RE/MAX Advantage, Rapid City SD

605-430-6246

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Getting around

  • 58/100

    Walk Score ®

  • 19/100

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Location

  • City Hot Springs, SD
  • Neighborhood Hot Springs Center
  • Zip Code 57747

Points of Interest

  • Conoco

    1.13 miles

  • Sinclair

    4.91 miles

  • Red Rock River Resort

    0.08 miles

  • Americas Best Value Inn by the River

    0.12 miles

  • Americas Best Value Inn

    0.12 miles

  • Smith Fargo Suites

    0.16 miles

  • FlatIron Historic Sandstone Inn

    0.21 miles

  • Braun Historic Hotel

    0.31 miles

  • Dollar Inn Hot Springs Hotel

    0.52 miles

  • Super 8 Hot Springs

    0.76 miles

  • Hills Inn

    0.80 miles

  • Baymont Inn and Suites Hot Springs

    0.87 miles

  • Lynn's Dakotamart

    0.72 miles

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