401 N River Street, Hot Springs, SD 57747

Property 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! The roof is new on the north-side garage and repairs to the rest of the building's roofs, along with the addition of a brand-new awning were done in 2023. 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 & Assoc 605-891-1298