$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
- 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: 3/13/2025, 8:20:53 AM 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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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. The majority of Spearfish, SD residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
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
Similar homes for sale
Frequently asked questions
Living in Spearfish, SD
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 February 2025 in Spearfish, SD. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Spearfish, SD increased by 4.5% between January and February 2025.
From Rocket Homes Real Estate and based on county public records data.