230 Main Street Spearfish SD 57783 | 73829

There are multiple listings for this address:
230 Main Street
Spearfish, SD, 57783
$2,150,000
1 Beds
1 Baths
824 SqFt
0.64 Acres
Call or Text Listing Agent – Kade Welfl – The Real Estate Center of Spearfish – 605-210-0010 for more information. This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of .64 acres and 8,685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22,375 ($268,500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath manager’s suite and office, 30 of the 31 units are studio apartments. There is a large laundry room and swimming pool on-site that are not currently being utilized. With more than 1/2 acre of land and 200 feet of frontage on the main corridor through Spearfish, the value of this property will continue to appreciate over time and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

Property Details

Price:
$2,150,000
MLS #:
73829
Status:
Active
Beds:
1
Baths:
1.00
Address:
230 Main Street
Type:
Single Family
City:
Spearfish
Listed Date:
Sep 7, 2022
State:
SD
Square Ft (approx):
824
ZIP:
57783
Subdivision:
Original Town
Lot Size:
27,878 sqft / 0.64 acres (approx)
Year Built:
1955
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I was raised on a ranch west of Buffalo, S.D. and still have a love of the land and the farm/ranch way of life. An interest in the farm/ranch area of real estate naturally follows my upbringing. Newell, S.D. was where I spent the bulk of my career in teaching and coaching. During my 31 year tenure in the Newell School District, I was also active with the Fellowship of Christian Athletes with the high school students, as well as being involved in local church leadership, and church youth work. …

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230 Main Street
Spearfish, SD
230 Main Street
Spearfish, SD, 57783
$2,150,000
Beds
0 Baths
8,685 SqFt
0.64 Acres
Call or Text Listing Agent – Kade Welfl – The Real Estate Center of Spearfish – 605-210-0010 for more information. This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of .64 acres and 8,685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22,375 ($268,500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath manager’s suite and office, 30 of the 31 units are studio apartments. There is a large laundry room and swimming pool on-site that are not currently being utilized. With more than 1/2 acre of land and 200 feet of frontage on the main corridor through Spearfish, the value of this property will continue to appreciate over time and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

Property Details

Price:
$2,150,000
MLS #:
73830
Status:
Active
Address:
230 Main Street
Type:
Multi Family
City:
Spearfish
Listed Date:
Sep 7, 2022
State:
SD
Square Ft (approx):
8,685
ZIP:
57783
Subdivision:
Original Town
Lot Size:
27,878 sqft / 0.64 acres (approx)
Year Built:
1955
Ask a Question

See this Listing

Send
  

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Schools

Interior

Exterior

Financial

Map

Community

Similar Listings Nearby