603 N River St - Hospitality FOR SALE


Hot Springs, SD 57747
$1,760,000 USD
605-390-2481
603 N River St, Hot Springs, SD for Sale
$1,760,000 USD
Hospitality - FOR SALE
1/131
null | Request Cap Rate

603 N River St
Hot Springs, SD 57747


HIGHLIGHTS

  • Multi-Stream Hospitality Asset: lodging + events + wellness/spa potential
  • 11 Guest Accommodations including a two-bedroom apartment
  • Event Center Capacity up to 250 Guests (weddings, corporate events, reunions, private functions) with 4 attached suites
  • Full Kitchen + Dedicated Dining Room supports retreats, group stays & catered operations and liquor license
  • Spa & Wellness Area with hot sand room, granite room, hot soaking tub room & massage rooms
  • Historic 1891 Sandstone Building with strong destination-style appeal

OVERVIEW

Red Rock River Resort is a rare opportunity to acquire a multi-use hospitality property in Hot Springs, SD with multiple revenue-stream potential. The resort includes 17 guest accommodations (including a two-bedroom apartment), a full kitchen, and a dedicated dining room, liquor license, short-term lodging, group stays, and retreat operations. A key value driver is the event center with capacity for up to 250 guests, ideal for weddings, corporate events, reunions, and private functions. The event center also includes four attached bedrooms, providing additional lodging for event-weekend packages, VIP guests, or staff accommodations. The property features a unique spa and wellness area with a hot sand room, granite room, hot soaking tub room, and massage rooms, creating strong potential to expand high-margin wellness offerings and elevate the guest experience. Built in 1891, the historic sandstone character provides a compelling foundation for repositioning and creating a destination-style experience. This is a standout hospitality asset with lodging, event, and wellness infrastructure already in place—ready for its next chapter.

FOR SALE DETAILS

PRICE

$1,760,000 USD

PRICE/SF

$70 USD /SF

# OF ROOMS

17

PRICE/ROOM

$103,529 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Rock River Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1891

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,594 SF

ZONING

General Commercial

APN/PARCEL ID

75520-05600-026-00

ASK ABOUT THIS PROPERTY

Cheri St PierreBerkshire Hathaway HomeServices Midwest RealtyMore Info
605-390-2481

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Cheri St PierreBerkshire Hathaway HomeServices Midwest RealtyMore Info
605-390-2481

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