401 N  River St, Hot Springs, SD 57747
FOR SALE0.46 ACRES

401 N River St
Hot Springs, SD 57747

  • 2 Beds
  • 2 Baths
  • 10,395 sqft (on 0.46 acres)
  • 2 Beds
  • 2 Baths
  • 10,395 sqft (on 0.46 acres)

$950,999

Original price: $799,999
Est. Mortgage $5,892/mo*

Local Information

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Commute Destination

Description

Step into the magnificent Water, Light & Power Building, which stands as the largest and most exceptional historic sandstone building up for sale in Hot Springs. With its prime location on N River Street, this building promises to attract a steady flow of retail traffic, making it an ideal investment opportunity. The property boasts an incredible 10,395 square feet, which includes a 1,358 square feet retail space that currently operates as a salon and spa, a stunning 2-bedroom loft apartment above the salon, and two enormous garages on either side. The north-side garage spans 3,186 square feet and features a 26x20 loading dock, while the south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet that's ideal for storage. The building underwent a complete overhaul in 2021, with new electrical and plumbing systems, flooring, paint, fixtures, and even LED high-efficiency lights. It's rare to find a historic building that's been so extensively updated! Construction is set to begin in April/May 2023 to install a new roof on the north-side garage and make full repairs to the rest of the building's roofs, along with the addition of a brand-new awning. The parking lot has plenty of spaces, and the location offers a fantastic view, making it an attractive investment opportunity with endless possibilities. Additionally, one of the owners is a licensed broker associate and the listing agent. Resa Rutz C21 Stevens & Associates 605-891-1298

Home Highlights

Parking
4 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$91
Listed
180+ days ago

Home Details for 401 N River St

Interior Features

Interior Details
Basement: Partial,Unfinished
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 10395 Square Feet
Appliances & Utilities
Appliances: Refrigerator, Electric Range Oven, Range HoodLaundry: Main LevelRefrigerator
Heating & Cooling
Heating: Electric,Forced Air,CoveHas CoolingAir Conditioning: Refrig. C/AirHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace

Exterior Features

Exterior Home Features
Roof: Flat RubberFoundation: Stone
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageHas an Attached GarageParking Spaces: 4Parking: Four or More Car,Attached,RV Access/Parking
Frontage
Road Surface Type: Paved

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1902
Property Type / Style
Property Type: ResidentialProperty Subtype: Site BuiltArchitecture: Other
Building
Construction Materials: Block

Price & Status

Price
List Price: $950,999Price Per Sqft: $91

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Hot Springs

Agent Information

Listing Agent
Listing ID: 77411

Lot Information

Lot Area: 0.46 Acres

Miscellaneous

BasementMls Number: 77411
Last check for updates: about 17 hours ago
Listing courtesy of Resa Rutz
Century 21 Stevens & Associates
Source: Mount Rushmore Area AOR, MLS#77411

Price History for 401 N River St

DatePriceEventSource
04/02/2024$950,999PriceChange
Mount Rushmore Area AOR #77411
12/11/2023$799,999PriceChange
Mount Rushmore Area AOR #77411
08/11/2023$899,900Listed For SaleMount Rushmore Area AOR #77411
08/02/2023$899,900ListingRemovedMount Rushmore Area AOR #75258
04/15/2023$899,900PriceChange
Mount Rushmore Area AOR #75258
03/09/2023$950,000Listed For SaleMount Rushmore Area AOR #75258

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What Locals Say about Hot Springs

  • Andrew M.
    "Nice drive through the canyon to get to work, except for the brutal attic blasts that come through winter was enjoyable "
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LGBTQ Local Legal Protections

Resa Rutz, Century 21 Stevens & Associates
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
401 N River St, Hot Springs, SD 57747 is a 2 bedroom, 2 bathroom, 10,395 sqft single-family home built in 1902. This property is currently available for sale and was listed by Mount Rushmore Area AOR on Aug 11, 2023. The MLS # for this home is MLS# 77411.