605 Main Street

605 Main Street, Spearfish, SD

For Sale

Mixed Use

$5,000,000

Price

Overview

Year Built

1900

Zoning

Commercial

Floors

Offered by

Richard A Tysdal

Spearfish Realty

Description

Property is located on the east side of Main Street, Spearfish South Dakota.

Starts at 604 Main Street and runs through 630 Main Street.

It’s not often when the occasion arises to buy an iconic piece of history. It hardly ever happens when a well-producing commercial property comes up for sale. But it is even more rare when a once in a blue moon opportunity comes along that combines these two possibilities together. Fortunately for you, that has happened.
Long-time Spearfish residents, the Kelley Family, have decided to sell the property currently called the Kelley Block in Spearfish, South Dakota. With a mixture of retail shops on the Main Street level, and a variety of uses on the second floor, which includes the historic Mathews Opera House, a large dance studio, four (4) office spaces, and five (5) apartments. One is a large studio apartment. The second is a totally refinished, beautiful loft apartment with two (2) bedrooms, two (2) bathrooms, large living area & dining area, kitchen, laundry. Three (3) more apartments, each are two (2) bedroom units that overlook to the south. There have been a variety of updates over the years that includes HVAC, electrical, and plumbing. The Kelley Block also includes the Public Restroom in the alley behind the building and is currently leased to the City of Spearfish. Also an additional parking lot that is used by the residential tenants. The total above ground square footage is approximately 43,000 square feet, with another 20,000 square feet of useable basement space, according to Lawrence County records.

Highlights

Age: Over 50 Years Old
Area Amenities: Jogging / Biking Path
Area Description: Historic / Antique
Basement: Other Basement
Cooling: Central A/C
Exterior Description: Stone
Heating Fuel Type: Gas
Heating Type: Forced Air
Sewer: City
Water: City Water

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Listing ID: ab1af1ff-d29e-4547-9423-783647b265c1