1645 University Ave
Hot Springs, SD 57747
Retail Property For Sale

This highly visible property offers an outstanding opportunity for a new business in the growing Hot Springs market. Positioned on University Avenue with frontage exposure and immediate access to Highway 18, it benefits from consistent local and commuter traffic. Located directly across from the schools and frequented by inbound travelers, the asset delivers optimal exposure for a variety of retail or service concepts.
The building features adaptable interior configurations, including display and showcase areas, a convenient kitchenette, an indoor restroom, and storage space. Recent property updates include a newer roof, fresh exterior paint, and upgraded flooring, reducing upfront improvements for a buyer. Outside, ample parking and space for outdoor seating enhance usability for food and beverage operations or high-traffic retail.
Hot Springs is widely recognized as the gateway to the Black Hills, drawing a steady flow of visitors year-round while serving a stable local population. Surrounded by attractions such as Angostura Recreation Area, Moccasin Springs Natural Mineral Spa, and Evans Plunge, the location supports strong consumer traffic tied to tourism and recreation. Whether envisioned as a specialty shop, small restaurant, or office concept, the property provides an adaptable footprint within a market positioned for business opportunity.