Hot Springs SD Multi Family for Sale
$689,000
505 N RIVER ST Hot Springs, SD 57747
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1910
- Baths:
- MLS#:
- 170204
- Subdivision:
- No Subdivision
ADDITIONAL INFORMATION
INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many local restaurants, waterfall, river front walking path and many of the local attractions. North River Street is in its final phase of a street road reconstruction project. Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO -this platform provides excellent additional information on the amenities of these vacation rentals)
Hot Springs Real Estate
The median home value in Hot Springs, SD is $269,999. This is higher than the county median home value of $228,300. The national median home value is $338,100. The average price of homes sold in Hot Springs, SD is $269,999. Approximately 55.96% of Hot Springs homes are owned, compared to 30.01% rented, while 14.03% are vacant. Hot Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hot Springs real estate agent to arrange a tour today!
Hot Springs, South Dakota has a population of 3,407. Hot Springs is less family-centric than the surrounding county with 9.06% of the households containing married families with children. The county average for households married with children is 13.6%.
The median household income in Hot Springs, South Dakota is $44,167. The median household income for the surrounding county is $51,007 compared to the national median of $69,021. The median age of people living in Hot Springs is 54.9 years.
Hot Springs Weather
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 17.8 inches per year, with 29.6 inches of snow per year.