509 N River St - Restaurant FOR SALE


Hot Springs, SD 57747
$475,000 USD
605-430-6246
509 N River St, Hot Springs, SD for Sale
$475,000 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

Jan '26


509 N River St
Hot Springs, SD 57747


HIGHLIGHTS

  • Newly renovated apartment with separate entrance - kitchen will be finished soon
  • Walk Score of 52. Heavy foot traffic in the summer months
  • Fully built-out cafe/restaurant space

OVERVIEW

This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in theheart 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 café 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. 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. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploring the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage,605-430-6246.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail + Apartment above - Hot Springs, SD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

General Commercial

APN/PARCEL ID

75410-02300-015-00

ASK ABOUT THIS PROPERTY

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.