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$1,195,000
90391 MLS
LOCATION, LOCATION, LOCATION! Opportunity awaits at 523 Spearfish Canyon Road, ideally positioned at the gateway to beautiful Spearfish Canyon. Formerly home to a restaurant this 3,600 sq. ft. commercial building sits on .47 acres and offers a versatile combination of customer-facing and functional business space in a location that is hard to beat. For additional information or to schedule a private tour, contact: Cher Rhoades Oak & Key Realty 605.639.1158 Inside, you’ll find approximately 2,100 sq. ft. of newly updated retail/restaurant space, offering a great foundation to bring your business vision to life. An additional 1,500 sq. ft. of warehouse and storage space provides valuable room for inventory, equipment, deliveries, or behind-the-scenes operations. The property is served by city water, private sewer, and natural gas, and the recently updated interior provides a fresh canvas for its next owner. Whether you envision a restaurant, retail storefront, specialty shop, showroom, service-based business, or an entirely new concept, the possibilities here are endless. With a highly visible location along Spearfish Canyon Road and one of the Black Hills’ most recognizable destinations just beyond your doorstep, this is an opportunity you won’t want to overlook. Bring your vision, make the space your own, and let your next business venture start at 523 Spearfish Canyon Road!

523 Spearfish Canyon Road, Spearfish
$5,000
90382 MLS
DOWNTOWN SPEARFISH COMMERCIAL SPACE FOR LEASE! Bring your vision to life at 714 N Main Street, Suite A, ideally located right in the heart of downtown Spearfish. If you’ve been looking for the perfect space for your next business venture, this is your opportunity to start with a blank canvas and make it your own. With a prime Main Street location, excellent visibility, and the energy of downtown Spearfish right outside your door, you couldn’t ask for a better setting to establish or grow your business. The property features a beautifully updated exterior, along with an updated roof and HVAC system. Designated parking is also available in the rear, offering added convenience for you or your employees. Take the blank canvas and turn it into your next business venture right in the heart of downtown Spearfish! Call for additional information or to schedule a private tour. Cher Rhoades ~ Oak & Key Realty 605.639.1158

741 N Main Street, Spearfish
$419,000
4 Beds ⋅ 181028 MLS
This home is located 1 block from the entrance to Spearfish City Park. The over 2600 sq. ft. home sits on a 50x150 lot zoned R2. This house has never been offered for sale in nearly 50 years! It's time for a complete facelift or start from scratch & build your dream home or 2 townhouses. The living room has a wood-burning fireplace. The forced-air natural gas furnace. Property is being sold "as is".

340 W Other 340 W Federal Street, Spearfish
$419,000
4 Beds ⋅ 3 Baths ⋅ 90354 MLS
Offer by Sue Cramer, The Real Estate Center 605-645-2391. This home is located 1 block from the entrance to Spearfish City Park. The over 2600 sq. ft. home sits on a 50x150 lot zoned R2. This house has never been offered for sale in nearly 50 years! It's time for a complete facelift or start from scratch & build your dream home or 2 townhouses. Living room has a wood burning fireplace. The room behind the fireplace wall is a room that could be converted into an awesome main floor primary suite! Upper level has a great room with French doors to a Romeo balcony. There are 3 bedrooms on one side and the primary on the other side. Forced air natural gas furnace. Property is being sold "as is".

340 W Federal Street, Spearfish
$2,999,999
90284 MLS
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer’s agent to verify all information.

604 Main Street, Spearfish
$275,000
2 Beds ⋅ 2 Baths ⋅ 90282 MLS
Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Come and take a peek at this 1900 charm right in the heart of Spearfish! The location is FABULOUS! This home is not only main level living, functional with tons of storage...it also has a huge fenced in yard with a sizable shed for all of your extras! Providing 2 bedrooms, 2 bathrooms, a spacious living room, a tasteful renovated kitchen and a designated space for a mud room, you have nice defined spaces throughout the house! The yard is huge and provides a tall privacy fence with alley access. Newer vinyl siding and a durable metal roof provide low maintenance on the exterior of this property. This is a true one-of-a-kind home! Come over and take a look!

630 W Mason Street, Spearfish
$2,795,000
90277 MLS
Listed by Lori Barnett, Engel & Völkers 605.786.5817 and Roger Riley, Riley Homes 605.641.0960. Discover the epitome of luxury & tranquility with this exclusive vacation business and retreat in the Black. Nestled on 6.29 acres in Spearfish Canyon, Rim Rock Lodge sits just 5 miles from Spearfish and is bordered on three sides by National Forest. The estate includes six charming cabins, a stunning owner's suite, 3 luxury guest suites, a historic 1919 lodge with expansive decks and a kitchen recently upgraded with a new 10-top range & fully renovated appliances, built to handle a high volume restaurant, catering & events. A sunroom addition expands the dining footprint, and a standalone gift shop and gallery round out the guest experience with beer, wine, and local goods. Recent renovations include a creekside cabin with new interior siding, flooring, plumbing, and air conditioning, a favorite for its proximity to the water, along with a second cabin fully restored with leveling work, updated plumbing, new ceiling and flooring, and AC. The Pine cabin, previously unrented, has also been renovated and is now one of the property's most requested stays. The possibilities are endless: operate as a seasonal resort, provide year-round rentals, create a legacy property for generations to come, or enjoy as a personal retreat with income potential. Rim Rock Lodge is a rare and unparalleled opportunity for buyers seeking a unique investment and lifestyle property in the Black Hills.

10900 Rimrock Place, Spearfish
$572,000
4 Beds ⋅ 3 Baths ⋅ 90210 MLS
Listed by Marysia McDowall, RE/MAX In The Hills, 605-641-2500. Location, Location, Location! This lovely home is situated on 0.48 acres close to the center of town. The irrigation ditch flowing through the back of the lot gives this property extra appeal! Step in the front door and take in the classic charm of this 4 bedroom, 2.5 bathroom home. The main floor has original hardwood flooring in the living room and dining room. Three bedrooms are located on the main floor along with a full bathroom and a half bath located off the kitchen. The living room features a wood burning fireplace for added warmth in the cooler months. The dining room has a breakfast nook just to the side with built-in shelves. The kitchen has nice storage and counter space! The spacious laundry room is just past the kitchen and has access to the back yard. The basement has wonderful storage in both the utility room with a wash sink and the storage room. There is a spacious family room in the basement along with the 4th bedroom, which is non-conforming due to window size. The yard of this home will be your own private oasis! The large trees provide shade and privacy for the back patio. The irrigation ditch flows through the yard in the ditch with added rocks and a bridge that crosses the water. There is a gazebo to relax in or take a rest on the bench. There is a single car garage that has ally access.

931 8th Street, Spearfish
$4,500
4 Beds ⋅ 3 Baths ⋅ 90028 MLS
Fully Furnish Short Term Lease Available 10/01/26, ending 05/01/2027. All utilities and Internet included in rent. Location, Location, Location. If you're planning to stay in Spearfish, you will not find a better location. The property backs up to Spearfish City Park and is less than a few hundred feet from the City Walking Path, Pickleball Courts, the Fish Hatchery, Indian Springs Wedding Venue, and the City Pavilion. The property is only a few blocks from Downtown Spearfish and within walking distance of all major attractions. The home includes a spacious private backyard, a 2-car garage, trailer parking, and everything you need for your stay in Spearfish.

133 S 5th Street, Spearfish
$449,500
3 Beds ⋅ 180559 MLS
Call or Text Listing Agent - Sue Cramer - The Real Estate Center of Spearfish - 605-645-2391 for more information. This unique property is just waiting for a new owner to make it shine again. Built in the 30s, all the rooms are large. The kitchen has many cabinets. The original chimney runs up through the kitchen, waiting for someone to expose its beauty. The main bedroom is very large with a pass-through bathroom. 2nd bedroom has wood floors. Main floor laundry. 2nd bath has a walk-in handicap tub/shower. Walk out to the covered 10x16 patio and enjoy the privacy of this covenant-free 4.24 acres. The original barn and milk house still stand on this property. There is a seasonal stream that runs through the back of the property. There is a shelter belt across Mica Drive. The buyer is responsible for verifying all information on this MLS document. Square footage measurements are as per the County.

1920 Other 1920 Mica Drive, Spearfish
$777,000
6 Beds ⋅ 4 Baths ⋅ 89970 MLS
For more information, please contact listing agent Michael Warwick 605-641-2569 with Great Peaks Realty. Step into timeless elegance with this stunning 1900 Victorian home, located just a couple of blocks from downtown Spearfish. Rich in historic charm and thoughtfully updated for modern living, this light-filled home features restored original hardwood floors, classic architectural details, and abundant natural light throughout. Offering 6 bedrooms and 3.5 bathrooms, the home provides exceptional space and flexibility for a variety of lifestyles. Recent updates include fresh interior paint, beautifully refreshed bathrooms, and a fully remodeled kitchen with new cabinetry, countertops, and appliances. Whether you're drawn to its character, generous living spaces, or unbeatable location near downtown shops, restaurants, and parks, this Victorian gem is a rare opportunity. Being sold as-is and turn-key, this one-of-a-kind home is ready for its next chapter!

735 8th Street, Spearfish
$399,000
2 Beds ⋅ 1 Baths ⋅ 89969 MLS
For more information, please contact Michael Warwick 605-641-2569 with Great Peaks Realty. Charming, cozy, and move-in ready, this 2-bedroom, 1-bath home offers a fantastic opportunity just a couple of blocks from downtown Spearfish! This super cute home features a 1-car attached garage, plenty of natural light throughout, and a functional layout where the kitchen, dining, and living areas flow seamlessly together. The comfortable living spaces and private entrance add to the home’s convenience and inviting feel. Whether you're looking for a primary residence, a low-maintenance home, or an investment, this property offers flexibility and an unbeatable location close to shopping, dining, parks, and all that downtown Spearfish has to offer. Being sold as-is and turn-key, this cozy home is a wonderful opportunity to own a charming property in one of Spearfish's most desirable neighborhoods!

745 8th Street, Spearfish
$777,000
6 Beds ⋅ 180483 MLS
Step into timeless elegance with this stunning 1900 Victorian home, located just a couple of blocks from downtown Spearfish. Rich in historic charm and thoughtfully updated for modern living, this light-filled home features restored original hardwood floors, classic architectural details, and abundant natural light throughout. Offering 6 bedrooms and 3.5 bathrooms, the home provides exceptional space and flexibility for a variety of lifestyles. Recent updates include fresh interior paint, beautifully refreshed bathrooms, and a fully remodeled kitchen with new cabinetry, countertops, and appliances. Whether you're drawn to its character, generous living spaces, or unbeatable location near downtown shops, restaurants, and parks, this Victorian gem is a rare opportunity. Being sold as-is and turn-key, this one-of-a-kind home is ready for its next chapter!

735 Other 8th Street, Spearfish
$365,000
3 Beds ⋅ 2 Baths ⋅ 89968 MLS
Step inside this 1950's era time capsule to relive the darling mid-century time period! This home showcases quintessential mid-century charm and character features, including a sitting room with large picture windows, a galley kitchen, original custom cabinetry, and much more. Additionally, the home has a finished basement with a full kitchen featuring new appliances and a separate entry to serve for multi-generational living or as an income-producing basement apartment. The backyard is very private with large mature trees. There are two (2) attached garages; a one car 12x20 and a 25x25 two stall garage, both with power doors. The roof was replaced in July 2025. Call listing agent Donald Hlava for more information or to schedule your exclusive property showing.

727 St. Joe Street, Spearfish
$332,000
89775 MLS
Investor or house-hack opportunity, just blocks from downtown Spearfish. This 1895 home offers a rare income-ready layout: the main floor has two bedrooms, two bathrooms with the living room, dining room, kitchen and laundry while the second floor features three separate bedroom/bathroom suites, each with its own private kitchenette. This is an ideal opportunity for long-term or short term rental, house hacking or multi-generational living with separate living spaces. The main floor retains its historic character, with 10-foot ceilings, built-in shelving, a formal dining room, and the home's original wood-burning stove in the kitchen. A two-car garage with a finished loft above offers potential for additional rental or studio space, subject to buyer's due diligence. Just under 2,500 square feet total, five bedrooms and five baths. This home is being sold as an investment opportunity, priced for a buyer ready to take on a full restoration. A compelling opportunity for an investor ready to bring this multi-unit-style layout to its full income potential. Property has been rented out via short term rental, financial records available upon request. Listed by Madison (Reeves) Shipman, Valente Realty, Sturgis (605)569-9019

814 N 8th Street, Spearfish
$332,000
5 Beds ⋅ 5 Baths ⋅ 89772 MLS
Built in 1895 and just a couple blocks from downtown Spearfish, this five-bedroom, five-bath Folk Victorian home with Queen Anne features is full of the kind of detail you can't replicate today: gable ornamentation, spindle work on the porch, 10-foot ceilings, built-in shelving, a formal dining room, and the homes original wood-burning stove still anchoring the kitchen. The second floor offers a rare layout; three separate bedroom/bathroom suites, each with its own kitchenette, ideal for multi-generational living, long-term guests, or rental flexibility. A two-car garage with a finished loft above adds even more usable space. A rare find for the buyer willing to roll up their sleeves. Pricing reflects the scope of restoration ahead. With short term rental history, this is a unique opportunity to own a piece of Spearfish history close to everything downtown has to offer. Listed by Madison (Reeves) Shipman, Valente Realty, Sturgis (605)569-9019.

814 N 8th Street, Spearfish
$848,000
4 Beds ⋅ 180238 MLS
Exceptional opportunity to own a versatile commercial property on 1.62 acres just off Exit 8, offering outstanding visibility, flexibility, and room for future growth. Whether you're looking to expand your business, invest, or create a live/work setup, this property offers endless possibilities. The commercial shop is mostly finished and is currently leased as office and storage space, making it an excellent income-producing asset. It could also be converted into a spacious two-car garage or adapted to suit a variety of business needs. The property also includes a beautifully updated 4-bedroom, 2-bathroom home. The lower level is ideally suited for rental income, featuring its own full kitchen, two bedrooms, one bathroom, laundry area, and private living space.  A rare property that combines commercial potential, residential comfort, and excellent investment value in a prime location!

3255 Old Belle Rd, Spearfish
$848,000
4 Beds ⋅ 2 Baths ⋅ 89706 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Exceptional opportunity to own a versatile commercial property on 1.62 acres just off Exit 8, offering outstanding visibility, flexibility, and room for future growth. Whether you're looking to expand your business, invest, or create a live/work setup, this property offers endless possibilities. The commercial shop is mostly finished and is currently leased as office and storage space, making it an excellent income-producing asset. It could also be converted into a spacious two-car garage or adapted to suit a variety of business needs. The property also includes a beautifully updated 4-bedroom, 2-bathroom home. The lower level is ideally suited for rental income, featuring its own full kitchen, two bedrooms, one bathroom, laundry area, and private living space.  A rare property that combines commercial potential, residential comfort, and excellent investment value in a prime location!

3255 Old Belle Road, Spearfish
$3,250,000
89589 MLS
Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246. Positioned at one of Spearfish's most recognizable intersections, the historic Lown Mercantile Building is one of the Black Hills' most iconic commercial landmarks. Built in 1893 and listed on the National Register of Historic Places, this exceptional property reflects Spearfish's transformation from a frontier trading post into one of South Dakota's premier destinations for tourism, higher education, and commerce. Following an award-winning historic rehabilitation, the building seamlessly combines timeless architecture with modern functionality. Improvements include structural reinforcement, updated mechanical systems, a fully equipped commercial kitchen, restored sandstone exterior, and expanded dining and entertainment spaces. A striking timber-framed rear addition features multiple outdoor decks, abundant storage, unfinished office space, and infrastructure for a future commercial passenger elevator, offering outstanding flexibility and enhanced ADA accessibility. The main level is home to Six Goats Tavern, showcasing soaring ceilings, exposed timber beams, hardwood floors, rustic finishes, abundant natural light, and an inviting open dining room centered around a full-service bar. The commercial kitchen efficiently supports high-volume food and beverage service. The second floor is ideally suited for weddings, banquets, corporate events, private gatherings, offices, or meeting space. An exceptional investment!

701 N 5th Street, Spearfish
$795,000
89570 MLS
Located in the heart of Spearfish on Main Street. This property has 6 income streams. 3 Commercial Spaces and 3 Residential apartments. It has 6 paved off street parking spaces. The building was completely remodeled in 2007 and has modern utilities and appliances. The roof is half rubber membrane and half asphalt composition shingles and is in top shape. The stucco exterior is in excellent shape and very attractive with a covered front entrance. The building is 100% occupied and has an excellent occupancy record. Seller is a licensed SD Real Estate Broker

517 N Main Street, Spearfish
$125,000
89553 MLS
Established Business Opportunity | Prime Downtown Spearfish Location Take advantage of this exciting opportunity to own an established business in one of Downtown Spearfish's most sought after locations. The business operates from a leased storefront with outstanding Main Street visibility and is perfectly positioned to benefit from the steady foot traffic generated by the surrounding businesses. Located in the heart of downtown, this prime location is directly across the street from two popular restaurants, a local bakery, and the award winning Spearfish Brewing Company. Just a few doors away are another well established restaurant and tavern, a busy ice cream shop, antique store, boutiques, retail shops, and a variety of professional service businesses. The surrounding mix of dining, shopping, and entertainment helps attract customers throughout the day and into the evening. This offering is for the business only and includes the opportunity to assume the existing leased space, subject to landlord approval. The strategic location, established customer base, and vibrant downtown setting create an excellent opportunity for an entrepreneur looking to step into an operating business without starting from scratch. Whether you're an experienced business owner or ready to take the leap into entrepreneurship, this is a rare opportunity to own a business in one of the Black Hills' most desirable downtown districts.

714 N Main Street, Spearfish
$299,900
2 Beds ⋅ 179679 MLS
Opportunity awaits in the heart of Spearfish! Located within walking distance of Black Hills State University, this 2 bed, 1 bath, 1.5-story home sits on a desirable corner lot and offers excellent potential for the right buyer. The home is in need of significant TLC, making it a great option for investors, renovators, or buyers looking for a project in a highly convenient location. Outside, you’ll find an oversized 2-car garage, adding valuable storage, workspace, or parking. With its proximity to campus, corner lot setting, and upside potential, this property is ready for someone to bring it back to life. Newer furnace within the last 5 years.

1146 St Joe St, Spearfish
$589,000
3 Beds ⋅ 179629 MLS
Are you looking for a successful turn-key AirBnB....well, here it is! The White House is conveniently located at the beginning of the Spearfish Canyon Scenic Byway placing it super close to all of the amenities of Spearfish and outdoor adventures of the Northern Hills. This Black Hills Airbnb was tastefully remodeled by the previous owner with exquisite modern updates throughout. At the same time, much of the historical architecture and charm was retained such as the original gorgeous hardwood floors. Upon arrival at the property, you are greeted by the large wrap-around covered deck with outstanding canyon views. Inside on the main floor, the kitchen boasts modern appliances, walk-in pantry and a large picture window providing lots of natural light for the entire downstairs. An open concept dining and living room flows throughout the main level providing plenty of space for entertaining. Upstairs there is 3 bedrooms, laundry room and a fully remodeled bathroom. Finally, on the top floor there is an open loft with tons of additional space for beds and/or room for hanging out. Contact your favorite Realtor today for a private showing! Listed by Rich Crim, West River Realty, LLC 530-228-0921.

513 Spearfish Canyon, Spearfish
$345,000
4 Beds ⋅ 2 Baths ⋅ 89005 MLS
Listed by Sarah Peterka Keller Williams Realty-Black Hills Spearfish 605-661-2802. This charming 4-bedroom, 2-bathroom home offers the perfect combination of space, comfort, and convenience just minutes from downtown Spearfish. The main level features a bright living room, well-equipped kitchen with stainless steel appliances, two bedrooms, a full bath, and beautiful exposed hardwood floors that add warmth and character throughout the home. The finished basement adds valuable living space with two non-conforming bedrooms, a second full bathroom, a large family room, new flooring, and fresh paint throughout. Outside, you'll find a private backyard retreat with mature trees, a newly added fence, a covered patio perfect for entertaining, and three storage sheds for extra storage. May be potential to BUILD A GARAGE with alley access in back!

822 N 10th Street, Spearfish
$1,100,000
7 Beds ⋅ 179311 MLS
This stunning 1900 Victorian home, located just a couple of blocks from downtown Spearfish, beautifully blends historic charm with thoughtful modern updates! Filled with abundant natural light, the home showcases restored original hardwood floors, classic architectural details, and timeless character throughout. Offering 8 bedrooms and 4.5 bathrooms, the main residence features 6 bedrooms and 3.5 bathrooms with fresh interior paint, bathroom updates, and a fully remodeled kitchen with new cabinetry, countertops, and appliances. In addition, a separate 2-bedroom, 1-bath second living space offers its own private exterior entrance as well as interior access to the main home, providing flexibility as guest quarters, extended living space, or a private residence. Sold as-is and turn-key, this light-filled Victorian beauty offers exceptional space, character, and an unbeatable location! You don't want to miss this one! Sale also includes Legal: Original Town Spearfish Lot 1C Blk 19 Plat 2013-01395, Lawrence County, South Dakota

745 & 735 Other 8th Street, Spearfish
$1,100,000
8 Beds ⋅ 5 Baths ⋅ 88936 MLS
For more information, please contact listing agent Michael Warwick 605-641-2569 with Great Peaks Realty. This stunning 1900 Victorian home, located just a couple of blocks from downtown Spearfish, beautifully blends historic charm with thoughtful modern updates! Filled with abundant natural light, the home showcases restored original hardwood floors, classic architectural details, and timeless character throughout. Offering 8 bedrooms and 4.5 bathrooms, the main residence features 6 bedrooms and 3.5 bathrooms with fresh interior paint, bathroom updates, and a fully remodeled kitchen with new cabinetry, countertops, and appliances. In addition, a separate 2-bedroom, 1-bath second living space offers its own private exterior entrance as well as interior access to the main home, providing flexibility as guest quarters, extended living space, or a private residence. Sold as-is and turn-key, this light-filled Victorian beauty offers exceptional space, character, and an unbeatable location! You don't want to miss this one! Sale also includes Legal: Original Town Spearfish Lot 1C Blk 19 Plat 2013-01395, Lawrence County, South Dakota

745 & 735 8th Street, Spearfish
$1,500,000
88303 MLS
Turnkey 20-Unit Motel/Airbnb | Multiple Income Streams + Development Opportunity Cash-flowing, multi-use investment with HUGE upside potential! This 20-unit property is currently operating as a successful motel/Airbnb and offers endless opportunities to generate income—short-term rentals, long-term tenants, or continue running as a motel. Zoned C-1 Commercial, the possibilities don’t stop there. A completed flood study and plans already in place for two additional duplexes create built-in expansion and even greater revenue potential. Whether you’re an investor looking to maximize cash flow or a developer ready to take it to the next level, this property is packed with opportunity and ready to perform. Listed By Bud Hannah Re/Max In The Hills. 605-645-2026.

450 W Kansas Street, Spearfish
$659,000
177810 MLS
Incredible rental investment opportunity with this 5-plex in downtown Spearfish, operating at 100% occupancy rate! 4 of the 5 apartment units have been remodeled with new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets. All units are 1-bedroom, 1-bathroom, except the basement unit is a larger 2-bedrooms, 1-bathroom unit. Basement also offers a common laundry room area. There is a detached garage accessed from the alley along with additional parking, plus front off-street parking! Brand new roof in summer 2025.

314 5th St, Spearfish
$659,000
87691 MLS
For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. Incredible rental investment opportunity with this 5-plex in downtown Spearfish, operating at 100% occupancy rate! 4 of the 5 apartment units have been remodeled to include new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets. All units are 1-bedroom, 1-bathroom, except the basement unit is a larger 2-bedrooms, 1-bathroom unit. Basement also offers a common laundry room area. There is a detached garage accessed from the alley along with additional parking, plus front off-street parking! Brand new roof in summer 2025.

314 5th Street, Spearfish
$475,000
87183 MLS
This beautifully renovated 2-story duplex is a rare find, offering both charm and versatility in a prime location near downtown Spearfish and Black Hills State University. Nestled on a spacious lot with a picturesque creek running through, this property provides serene surroundings along with easy access to local amenities, making it perfect for homeowners or investors. Each unit features 2 bedrooms, 1 full bath, and a full kitchen. The upstairs unit includes a washer/dryer combo and a spacious balcony, perfect for relaxing and taking in the peaceful views. Both units have been fully renovated, offering a fresh and modern appeal. The property also boasts excellent storage and functionality, with a one-car garage and two attached storage units providing ample space for vehicles, tools, or other needs. Recent upgrades to the building include new siding, and a new electrical box, ensuring the property is move-in ready. The duplex has been successfully operated as a combination of a long-term rental and an Airbnb, offering multiple income streams and flexibility for the next owner. Whether you're looking to live in one unit and rent out the other, continue its use as a profitable rental property, or explore new opportunities, the possibilities are endless! Don’t miss this incredible opportunity to own a turnkey property in a sought-after location. Schedule your showing today and start envisioning your future in this unique and versatile duplex. Jaden Harper 512.983.6619

735 N Ames Street, Spearfish