$2,849 Closing Credit¹
#170464, STEPHANIE KELLER, Listing Office: EXIT REALTY BLACK HILLS
$950,999 List price
401 N River St Hot Springs, SD 57747
$10,000
Closing credit¹
2 beds
1 full, 1 partial
10,395 sqft
0.5 acres
$91 / sqft
House
Property details
About 401 N River St
Step into the magnificent Water, Light & Power Building, which stands as the largest and most exceptional historic sandstone building up for sale in Hot Springs. With its prime location on N River Street, this building promises to attract a steady flow of retail traffic, making it an ideal investment opportunity. The property boasts an incredible 10,395 square feet, which includes a 1,358 square feet retail space that currently operates as a salon and spa, a stunning 2-bedroom loft apartment above the salon, and two enormous garages on either side. The north-side garage spans 3,186 square feet and features a 26x20 loading dock, while the south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet that's ideal for storage. The building underwent a complete overhaul in 2021, with new electrical and plumbing systems, flooring, paint, fixtures, and even LED high-efficiency lights. It's rare to find a historic building that's been so extensively updated! The roof is new on the north-side garage and repairs to the rest of the building's roofs, along with the addition of a brand-new awning were done in 2023. The parking lot has plenty of spaces, and the location offers a fantastic view, making it an attractive investment opportunity with endless possibilities. Additionally, one of the owners is a licensed broker associate and the listing agent. Resa Rutz C21 Stevens & Assoc 605-891-1298
Highlights
Home typeSingle Family Residence
HeatingElectric, Forced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size10,395 sqft
BasementYes
Lot size0.46 Acres
Year built1902
ParkingFour or More Car
MLS #81436
Summary
- MLS Number: 81436
- Office Name: Century 21 Stevens & Associates
- Office Phone: (605) 745-5141
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: 3/12/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$950,999
401 N River 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 |
|---|---|---|
| 2023 | $290,000 | $3,049 |
| 2022 | $174,450 | $3,635 |
| 2021 | $185,380 | $3,513 |
| 2020 | $176,330 | $3,544 |
| 2019 | $176,330 | $3,620 |
| 2018 | $163,110 | $- |
| 2017 | $169,120 | $- |
History based on county public records data.
Nearby schools
4
Hot Springs Elementary - 02
Public District PK-5
0.3 mi
•240 N 19th St
5
Oelrichs Elementary - 02
Public District PK-5
21.4 mi
•214 W 7th St
6
Custer Elementary - 02
Public District KG-6
23.5 mi
•1415 Wild Cat Ln
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 $39,463. Typical income of Hot Springs, SD residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
44%
<35k
45%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
8%
Single, with Kids
28%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
7%
12-17 yrs old
13%
18-34 yrs old
48%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Wal-Mart
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
Ram
GMC
Cadillac
What do the neighbors listen to?
Classic Country
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 401 N River St
This home is located at 401 N River St in Hot Springs, SD and zip code 57747. This 10,395 square foot home, which was built in 1902, sits on a 0.46 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $950,999.
In February 2025, from all listings sold in Hot Springs, SD there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Hot Springs, SD between January and February 2025 decreased by 3.7%.
From Rocket Homes Real Estate and based on county public records data.