401 N River St Hot Springs, SD 57747
Estimated payment $5,060/month
Total Views
27,155
2
Beds
1.5
Baths
2,716
Sq Ft
$339
Price per Sq Ft
Highlights
- RV Parking in Community
- Bathroom on Main Level
- Refrigerated and Evaporative Cooling System
- 4 Car Attached Garage
- Forced Air Heating System
About This Home
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. New high efficiency HVAC installed 2024. 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
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,049
Year Built
- Built in 1902
Parking
- 4 Car Attached Garage
Home Design
- 2,716 Sq Ft Home
- Flat Roof Shape
- Rubber Roof
- Block Exterior
Kitchen
- Electric Oven or Range
- Range Hood
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- Propane
- Gas Water Heater
Additional Features
- Laundry on main level
- Cove
- 0.46 Acre Lot
- Basement
Community Details
- RV Parking in Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,168 | $310,745 | $86,749 | $223,996 |
| 2024 | $5,052 | $310,745 | $86,749 | $223,996 |
| 2023 | $3,049 | $290,000 | $64,284 | $225,716 |
| 2022 | $3,635 | $174,450 | $33,320 | $141,130 |
| 2021 | $3,514 | $185,380 | $33,320 | $152,060 |
| 2020 | $3,545 | $176,330 | $30,880 | $145,450 |
| 2019 | $3,620 | $176,330 | $30,880 | $145,450 |
| 2018 | $3,503 | $163,110 | $30,880 | $132,230 |
| 2017 | $3,755 | $169,120 | $30,880 | $138,240 |
| 2016 | -- | $170,890 | $45,930 | $124,960 |
| 2015 | -- | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Price Changed | $920,000 | -3.3% | $339 / Sq Ft |
| 11/24/2025 11/24/25 | For Sale | $950,999 | -- | $350 / Sq Ft |
Source: Mount Rushmore Area Association of REALTORS®
About the Listing Agent
Hi, I’m Resa Rutz — a passionate, full-time Realtor proudly serving Hot Springs, SD, and the surrounding Southern Black Hills. I’ve been helping clients buy and sell with confidence since 2005, starting my career in Southern California with one of Century 21’s top-producing brokerages. Since then, I’ve remained loyal to the Century 21 brand because I believe in the power of a trusted global network — and it shows. Every listing I represent is syndicated to over 170 real estate websites through
Resa's Other Listings
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 86755
APN: 75410-02300-007-00
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