230 N Main Street, Spearfish SD 57783

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$2,200,000

230 N Main Street, Spearfish, SD 57783

bedrooms

bathrooms

square feet

8,685

Acreage

0.64

Open Houses

year built

1955

Full Baths

Half Baths

Find out more

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 generating additional income. 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 overtime and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

Location
Subdivision	Original Town
County	-
Elementary School	-
Middle School	-
High School	-

Driving directions

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None scheduled.

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MLS number: 81298

Listing agent: Kade Welfl

Listing broker: The Real Estate Center Of Spearfish (605) 642-2525

Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 2:24 a.m. EST

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