604 N Main St - Retail FOR SALE


Spearfish, SD 57783 | 
$2,999,999 USD
605-340-5335
604 N Main St, Spearfish, SD for Sale
$2,999,999 USD
Retail - FOR SALE
1/38
null | 7% Cap Rate

604 N Main St
Spearfish, SD 57783


HIGHLIGHTS

  • Historic 63,000 SF mixed-use investment property in downtown Spearfish
  • Established mix of long-term retail, restaurant, office and residential tenants
  • More than $300,000 in major roof and electrical improvements
  • Additional income from an AT&T rooftop communications lease
  • Includes the historic Matthews Opera House, apartments, storage and adjacent parking

OVERVIEW

Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. This approximately 63,000-square-foot, income-producing mixed-use property spans 604–630 N Main Street and includes retail, restaurant, professional office, service and residential spaces, as well as a dance hall and the historic Matthews Opera House. Several long-term tenants have occupied the property for decades, providing an established tenant mix and multiple income streams. Additional revenue is generated by an AT&T rooftop communications lease. Financials and supporting documents are available to qualified buyers.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$48 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

Commercial

APN/PARCEL ID

32030-03000-100-00

ASK ABOUT THIS PROPERTY

Karson KleinLandmark Realty & Development Co.More Info
605-340-5335

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Karson KleinLandmark Realty & Development Co.More Info
605-340-5335

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