REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,999,999
Est. payment | /mo
63,000 SqFt
$ 2,999,999
Est. payment | /mo
63,000 SqFt
Key Details
Property Type Commercial, Commercial Sale
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 63,000 sqft
Price per Sqft $47
MLS Listing ID 90284
HOA Y/N No
Year Built 1900
Lot Size 0.640 Acres
Acres 0.64
Lot Dimensions .5 - 1
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer's agent to verify all information.
Location
State SD
County Lawrence
Area Spearfish
Zoning Other
Exterior
Parking Features 31-99
View Y/N No
Roof Type Other (See Remarks),Flat
Listed byLandmark Realty & Development