Log In/Sign Up
Your email has been sent.
604 N Main St 63,000 SF 100% Leased Retail Building Spearfish, SD 57783 $2,999,999 ($47.62/SF) 7% Cap Rate
Investment Highlights
- Historic 63,000 SF mixed-use investment property in downtown Spearfish
- More than $300,000 in major roof and electrical improvements
- Includes the historic Matthews Opera House, apartments, storage and adjacent parking
- Established mix of long-term retail, restaurant, office and residential tenants
- Additional income from an AT&T rooftop communications lease
Executive Summary
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. This approximately 63,000-square-foot, income-producing mixed-use property spans 604–630 N Main Street and includes retail, restaurant, professional office, service and residential spaces, as well as a dance hall and the historic Matthews Opera House. Several long-term tenants have occupied the property for decades, providing an established tenant mix and multiple income streams. Additional revenue is generated by an AT&T rooftop communications lease. Financials and supporting documents are available to qualified buyers.
Property Facts
Sale Type
Investment
Property Type
Building Size
63,000 SF
Building Class
B
Year Built/Renovated
1900/2026
Price
$2,999,999
Price Per SF
$47.62
Cap Rate
7%
NOI
$210,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.01
Lot Size
0.48 AC
Zoning
Commercial - Central Commercial zoning in downtown Spearfish supporting a mix of retail, office, service, residential and cultural uses.
Frontage
150’ on MAIN ST
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32030-03000-100-00 | Improvements Assessment | $674,610 |
| Land Assessment | $150,400 | Total Assessment | $825,010 |
Property Taxes
Parcel Number
32030-03000-100-00
Land Assessment
$150,400
Improvements Assessment
$674,610
Total Assessment
$825,010
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
604 N Main St