Retail front with apartment
509 N. River Street, Hot Springs, SD 57747
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springs' vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy cafe and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away.
The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. FF&E is available through a separate bill of sale for $85,000
Listed by Randy Olivier, CCIM- RE/MAX Advantage, Rapid City SD
605-430-6246
Reach out to the broker for more info on lease terms and amenities
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Contacts
Olivier Real Estate
CCIM
Building Details
- For Sale $121/SF
- Property Type Mixed Use - Office / Retail
- Property Size 3,936 SF
- Units 1
- Lot Size 2,352 SF
- Taxes / YR $4,351.32
- Zoning General Commercial : Retail
- # of Floors 2
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1915
- Year Renovated 2025
- Date Updated Jun 15, 2026
- Visibility/Traffic Count (VPD) 6,178
Getting Around
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Walk Score ®
Somewhat Walkable (58) -
Bike Score ®
Somewhat Bikeable (19)
Location
- City Hot Springs, SD
- Neighborhood Hot Springs Center
- Zip Code 57747
Points of Interest
Sinclair
4.91 miles
Dale's Family Restaurant
0.41 miles
Dew Drop Restaurant
0.61 miles
Woolly's Western Grill
0.86 miles
Pizza Hut
0.97 miles
Subway
1.02 miles
DQ Grill & Chill
1.21 miles
Taco John's
1.24 miles
Hot Springs Police Department
0.25 miles
VA Black Hills Health Care System
0.27 miles
Fall River County Jail
0.35 miles
Lynn's Dakotamart Pharmacy
0.71 miles
Fall River Hospital
1.17 miles
Buffalo Gap Fire Station
9.22 miles
509 N. River Street Listing Summary
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What is the asking price at Retail front with apartment?
Retail front with apartment is currently listed for sale at Contact for pricing.
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What is the total size of Retail front with apartment?
Retail front with apartment has a total of 3,936 square feet.
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What is the year built for Retail front with apartment?
The year built for Retail front with apartment is 1915.
Olivier Real Estate
CCIM