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$325,000
4 Beds ⋅ 2 Baths ⋅ 89782 MLS
Listed by Jason Richards- JR Realty Team, The Real Estate Center of Spearfish, 605-381-1087. Don't miss this opportunity to own a spacious ranch home in a desirable Spearfish neighborhood! Offering over 2,600 square feet of living space, this home features 4 bedrooms (2 non-conforming in the basement), 2 bathrooms, multiple living areas, and a functional layout with room to grow. Recent improvements include a newer roof, gutters, soffit, fascia, central air conditioning, and exterior siding, while the detached one-car garage, garden shed, generous yard, and alley access provide added convenience and future potential. Inside, you'll find a home that has been well cared for over the years and is ready for a new owner to update and personalize to their own style. Conveniently located near schools, parks, and downtown Spearfish, this property offers exceptional space, a great location, and an opportunity to build equity. The property is being sold AS IS, and the seller will make no repairs. Seller requests all offers be submitted by Monday, August 10, 2026, at 5:00 PM MT. Seller intends to respond to all offers by Tuesday, August 11, 2026, at 5:00 PM MT. Seller reserves the right to accept any offer prior to the submission deadline.

1015 N 10th Street, Spearfish
$347,000
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
$347,000
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
$849,000
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
$849,000
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
$399,000
5 Beds ⋅ 2 Baths ⋅ 89569 MLS
Great Location Walking distance to BHSU 5 bedrooms 2 Baths recently remodeled. Granite counters in kitchen with new cabinets, upgrade appliances Quiet location on the Verdale Cul-de-Sac

1115 Verdale Drive, 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
$347,000
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.

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
$249,000
4 Beds ⋅ 178911 MLS
4-bedroom, 1.5-bath home located in central Spearfish with convenient access to parks, shopping, the hospital, and bike path. Built in 1930, the property offers character and potential but does have known foundation repairs and deferred maintenance to consider. Zoned R2, providing flexibility for future use including the potential for an additional dwelling or redevelopment into a duplex or twin home. Alley access allows for convenient parking or added development options. A great opportunity for investors or buyers looking for a project in a prime location.

1120 N Canyon St, Spearfish
$249,000
4 Beds ⋅ 2 Baths ⋅ 88523 MLS
4-bedroom, 1.5-bath home located in central Spearfish with convenient access to parks, shopping, the hospital, and bike path. Built in 1930, the property offers character and potential but does have known foundation repairs and deferred maintenance to consider. Zoned R2, providing flexibility for future use including the potential for an additional dwelling or redevelopment into a duplex or twin home. Alley access allows for convenient parking or added development options. A great opportunity for investors or buyers looking for a project in a prime location.

1120 N Canyon 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
$345,000
2 Beds ⋅ 1 Baths ⋅ 87085 MLS
Whether you're searching for the perfect starter home, a peaceful retirement retreat, or a turnkey investment, this newly renovated gem is an opportunity you won't want to miss. This beautifully updated 1.5-bedroom, 1-bath home lends modern finishes with cozy charm and is ideally located just minutes from downtown Spearfish. Thoughtfully renovated from top to bottom, the home offers a fresh, like-new feel while maintaining its inviting character. Inside, the living space is anchored by a stunning brick gas fireplace, creating a warm and welcoming focal point perfect for cozy evenings. Just off the front entry nook or welcoming, a light-filled onus entry space serves as a charming reading nook or welcoming foyer-- an ideal spot to enjoy morning coffee, unwind with a book, or greet guests. In addition to the primary bedroom, the home features a small secondary room well-suited for a home office, nursery, or a cozy guest space. The spacious bathroom has been fully redesigned with comfort and functionality in mind, adding to the home's thoughtful layout and ease of living. Step outside to discover one of the property's most enchanting features: a picturesque creek that gently meanders through the adorable front yard, offering a peaceful, nature-filled setting that's rare to find so close to town. The large, expansive yard also provides ample room for relaxing or entertaining and offers excellent potential for a future ADU garage, adding versatility and long-term value.

731 N Ames Street, Spearfish
$849,000
175726 MLS
Incredible opportunity to own an investment property on 1.62 acres just off Exit 8 with endless options for expansion of the space. This versatile property includes a barn that is mostly finished and is currently being leased as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), and ample land for future expansion of units, storing equipment or building additional structures if desired.

3225 Old Belle Rd, Spearfish
$849,000
86080 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Incredible opportunity to own an investment property on 1.62 acres just off Exit 8 with endless options for expansion of the space. This versatile property includes a barn that is mostly finished and is currently being leased as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), and ample land for future expansion of units, storing equipment or building additional structures if desired.

3225 Old Belle Road, Spearfish
$849,000
86066 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Incredible opportunity to own an investment property on 1.62 acres just off Exit 8 with endless options for expansion of the space. This versatile property includes a barn that is mostly finished and is currently being leased as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), and ample land for future expansion, storing equipment or building additional structures if desired. This property currently has space leased to a local landscaping company – so that business will need to be sold 1st prior to closing, or the lease will need to be addressed if the land and barn are sold.

3225 Old Belle Road, Spearfish
$1,523,000
86064 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Incredible opportunity to own a successful business and investment property on 1.62 acres just off Exit 8, one of the fastest growing areas in Spearfish. This versatile property includes a barn that is mostly finished and is currently being used as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), a large storage shed, and ample land for storing equipment or building additional structures if desired. This is your chance to own the established Startz & Startz Landscaping Inc., a premier landscaping and design contractor serving the Northern Black Hills. Current services include installation and maintenance of sprinkler systems, grading, seeding, sodding, building, retaining walls, patios, ponds, planting landscape trees and plants, as well as snow plowing and shoveling. The current owners receive more inquiries than they can take on, making this an excellent opportunity for a new owner to grow both the property and businesses with ease!

3225 Old Belle Road, Spearfish