401 N River St, Hot Springs, South Dakota, United States

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Home For Sale

$950,999

401 N River St
Hot Springs, South Dakota, United States

2bd 1.5ba

Listed By: Realtyww Info

Listed On: 08/20/2024

Listing ID: GL11551138 View More Details

Description

Step into the magnificent Water, Light and 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 and Associates

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Listed by: Resa Rutz