$5,641 Closing Credit¹
#83064, Listing Office: eXp Realty
$2,200,000 List price
230 N Main St Spearfish, SD 57783
$10,000
Closing credit¹
8,685 sqft
0.6 acres
$253 / sqft
Multi-Family
Property details
About 230 N Main St
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.
Highlights
Home typeMulti Family
StatusActive
(ACTIVE)
(ACTIVE)
Size8,685 sqft
Lot size0.64 Acres
Year built1955
MLS #81297
Summary
- Architectural Style: Other
- List Price: $2,200,000
- Price/SqFt: $253
- Annual Tax Amount: $7,782
- Tax Year: 2024
- Directions: Main Street
- Year Built: 1955
- Living Area: 8,685 SqFt
- Lot Size: 0.64 Acres
- MLS Number: 81297
- Office Name: The Real Estate Center of Spearfish
- Office Phone: (605) 642-2525
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2025, 9:20:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,200,000
230 N Main St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $554,300 | $7,782 |
| 2022 | $486,430 | $7,975 |
| 2019 | $386,690 | $6,643 |
| 2018 | $385,220 | $6,516 |
| 2017 | $385,220 | $6,548 |
History based on county public records data.
Nearby schools
5
Creekside Elementary - 07
Public District 3-5
1.6 mi
•2325 North Ave
4
Lead-Deadwood Elementary - 03
Public District KG-5
9.8 mi
•716 Main St
8
Whitewood Elementary - 04
Public District PK-6
11.0 mi
•603 Garfield St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,244. Residents of Spearfish, SD typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
60%
<35k
33%
35k-100k
4%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
52%
Single, No Kids
8%
Single, with Kids
27%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
4%
12-17 yrs old
34%
18-34 yrs old
34%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
PGA/LPGA
Where do the neighbors shop?
Family Dollar
Kmart
Stein Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Little Caesars
What do the neighbors drive?
Ford
Buick
Lincoln
What do the neighbors listen to?
New Country
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Spearfish, SD
Transportation in Spearfish includes a network of well-maintained roads and highways that connect residents to nearby cities and attractions. Public transportation options are available, with schedules that cater to the needs of the community. The town's layout promotes walkability in several areas, particularly in the downtown district, and there are bike-friendly routes for cycling enthusiasts. While specific ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.
The community is served by a number of public schools, offering education from elementary through high school levels, as well as a local university that contributes to the educational and cultural life of the town. Healthcare services are available, with facilities providing a range of care including primary and urgent care. Spearfish also features a public library, a variety of retail shops, and dining options that reflect the local culture. The city is attentive to the evolving needs of its residents, with initiatives aimed at enhancing services to accommodate growth and demographic shifts.
Spearfish is celebrated for its scenic beauty and outdoor recreational opportunities, including the nearby Black Hills National Forest. The community prides itself on a friendly, small-town atmosphere that is both welcoming and vibrant. Annual events like the Spearfish Canyon Half Marathon and the Downtown Friday Nights showcase the town's active lifestyle and commitment to community engagement.
Spearfish offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in Spearfish vary, with a mix of modern, ranch-style, and traditional homes. The housing market is dynamic, with a blend of historic homes and newer constructions that cater to a range of preferences. The homeownership rate in Spearfish is robust, reflecting a community invested in long-term residency.
About 230 N Main St
This home is located at 230 N Main St in Spearfish, SD and zip code 57783. This 8,685 square foot home, which was built in 1955, sits on a 0.64 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since August 6, 2024 and is currently priced at $2,200,000.
Over 1 listings were sold over their listed price in April 2025 in Spearfish, SD. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price. In April 2025 in Spearfish, SD there were 21.4% more homes for sale than in March.
From Rocket Homes Real Estate and based on county public records data.