603 N River St Hot Springs, SD 57747
Estimated payment $9,774/month
About This Home
Amazing business opportunity in this 32,000 sq ft charming historic multi use building in the heart of Hot Springs, SD. The grand hotel lobby will stun you with tall ceilings, hardwood floors, and a grand staircase. The pride of ownership shows throughout. Many opportunities include the stunning remodeled venue space that seats 254 guests with kitchen area & private bathroom access, 14 elegant hotel rooms with tall ceilings, private bathrooms, a restaurant/kitchen/bar with a private dining space including a liquor license, an immaculate day spa with private waiting area, sauna, heated granite & sand floor rooms, 3 massage rooms and a private commercial leasing opportunity and much more for you to dream up. An added bonus - a 1600 sq ft 2 bed, 1 bathroom remodeled owners suite with kitchen and private entrance. Many renovations include an updated electric service, fire stairway, and some updated plumbing. This beautiful building is ready for you to make your business dreams a reality!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,716
Year Built
- Built in 1891
Community Details
- 14 Units
Map
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 | $12,752 | $876,310 | $56,450 | $819,860 |
| 2024 | $5,741 | $766,682 | $51,482 | $715,200 |
| 2023 | $6,009 | $329,609 | $34,288 | $295,321 |
| 2022 | $6,741 | $766,350 | $22,440 | $743,910 |
| 2021 | $6,831 | $523,050 | $22,440 | $500,610 |
| 2020 | $6,891 | $541,920 | $21,450 | $520,470 |
| 2019 | $7,152 | $541,920 | $21,450 | $520,470 |
| 2018 | $7,314 | $494,610 | $21,450 | $473,160 |
| 2017 | $7,334 | $459,670 | $21,450 | $438,220 |
| 2016 | -- | $393,860 | $13,240 | $380,620 |
| 2015 | -- | $558,180 | $13,240 | $544,940 |
| 2011 | -- | $262,487 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $1,650,000 | -2.9% | -- |
| 03/31/2025 03/31/25 | For Sale | $1,700,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Southern Hills Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $232,500 | Future Advance Clause Open End Mortgage |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 83712
APN: 75520-05600-026-00
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