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$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 604€“630 N Main 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 10888 Rimrock Place, 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
$2,795,000
180903 MLS
Listed by Lori Barnett, Engel & Völkers, 605.786.5817 and Roger Riley, Riley Homes, 605.641.0960. Discover the epitome of luxury and tranquility with this exclusive vacation business and retreat in the Black Hills of South Dakota. 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, three luxury guest suites, a historic 1919 lodge with expansive decks and a kitchen recently upgraded with a new 10-top range and fully renovated appliances, built to handle a high volume restaurant, catering and 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 heart of the Black Hills.

10900 Other 10888 Rimrock Place, 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
$2,300,000
5 Beds ⋅ 89514 MLS
BUILT FROM A VISION - NOT A FLOOR PLAN. This one-of-a-kind custom home on 1.86 acres along Bridgestone Street reflects an extraordinary level of thought, craftsmanship, and personal design. Meticulously planned by the owner, the 6,340-square-foot residence was created to take full advantage of its setting, with expansive views toward Crow Peak, Lookout Mountain, and the peaceful valley below. From the tile roof and stucco exterior to the arched openings, custom finishes, and carefully framed outdoor spaces, every part of the home carries a sense of intention and individuality rarely found in Spearfish. The broad concrete approach, private courtyard entry, and oversized three-car garage establish an impressive arrival. Inside, the dramatic foyer immediately introduces the home’s distinctive character with soaring ceilings, clerestory windows, a statement chandelier, warm hand-finished walls, custom woodwork, tile flooring, sliding barn doors, and a striking fireplace. Unique handcrafted details continue throughout, including hand-painted tile stair risers and hand-chinked stair treads leading to the lower level, adding texture, artistry, and a true sense of craftsmanship. The main living area was designed around openness, natural light, and the surrounding views.

2314 Bridgestone Street, Spearfish
$2,299,999
5 Beds ⋅ 89416 MLS
Please contact listing agent Karson Klein at (605) 641-5548. Listed by Landmark Realty & Development, this exceptional Crow Peak Bench property offers approximately 18.45 acres, including a 9.54-acre primary parcel and an additional 8.91-acre parcel. The residence features approximately 4,314 finished square feet, 5 bedrooms, 3.5 bathrooms, a 3-car attached garage, hardwood and tile flooring, premium appliances, a sauna, covered outdoor living areas, mature landscaping, garden space, a sprinkler system, solar energy, and 400-amp electrical service. Additional flexible living or recreational space is located above the garage, measuring approximately 14' x 38' and offering excellent potential for a bonus room, office, studio, game room, or additional storage. A standout feature is the fully engineered 40' x 60' shop with approximately 2,400 SF, 18' sidewalls, vaulted ceilings, radiant floor heat, full HVAC, epoxy flooring, a custom tiled shower, premium finishes, solar battery backup, and extensive reinforced concrete improvements. The property also includes a private well and septic system, with Starlink internet serving both the home and shop. Horses are allowed per covenants. A rare combination of acreage, privacy, quality construction, and exceptional improvements. For more information, please contact Karson Klein at 605-641-5548.

20013 Ashlee Court, Spearfish
$2,669,857
86615 MLS
Exceptional commercial real estate located in a high-traffic, rapidly expanding area within the City of Spearfish. Surrounded by diverse zoning designations, this property offers flexibility for a variety of business uses. Access to utilities, making development seamless and efficient. Ideal for investors or entrepreneurs seeking visibility and growth potential in a thriving market. Listing Agents Polly Jones (605)645-6758 and Ashlee Cvach (605)645-2240. Please see documents for additional information. Seller will not subdivide.

TBD 27th Street, Spearfish
$2,911,223
81633 MLS
For more information contact listing agents Polly Jones 605-645-6758 or Ashlee Cvach 605-645-2240 Cvach & Jones Realty, LLC. This commercial development property, zoned highway service commercial with high visibility, from interstate I-90, and easy access off Exit 14, Spearfish. South end of property borders I-90 right of way, West property boundary is bordered by Wal-Mart and the N boundary is bordered by Les Schwab Tire Center. All city services are accessible to this site, as well as electricity and natural gas. This district is made up of retail, other commercial and industrial properties as well, generating considerable volumes of vehicle traffic. There has been significant growth in this area of Spearfish and the surrounding. A rare opportunity to own this commercial site.

TBD 1st Avenue Tbd Dodds Drive, Spearfish
$2,300,000
5 Beds ⋅ 5 Baths ⋅ 89514 MLS
BUILT FROM A VISION - NOT A FLOOR PLAN. This one-of-a-kind custom home on 1.86 acres along Bridgestone Street reflects an extraordinary level of thought, craftsmanship, and personal design. Meticulously planned by the owner, the 6,340-square-foot residence was created to take full advantage of its setting, with expansive views toward Crow Peak, Lookout Mountain, and the peaceful valley below. From the tile roof and stucco exterior to the arched openings, custom finishes, and carefully framed outdoor spaces, every part of the home carries a sense of intention and individuality rarely found in Spearfish. The broad concrete approach, private courtyard entry, and oversized three-car garage establish an impressive arrival. Inside, the dramatic foyer immediately introduces the home’s distinctive character with soaring ceilings, clerestory windows, a statement chandelier, warm hand-finished walls, custom woodwork, tile flooring, sliding barn doors, and a striking fireplace. Unique handcrafted details continue throughout, including hand-painted tile stair risers and hand-chinked stair treads leading to the lower level, adding texture, artistry, and a true sense of craftsmanship. The main living area was designed around openness, natural light, and the surrounding views.

2314 Bridgestone Street, Spearfish
$2,299,999
5 Beds ⋅ 4 Baths ⋅ 89416 MLS
Please contact listing agent Karson Klein at (605) 641-5548. Listed by Landmark Realty & Development, this exceptional Crow Peak Bench property offers approximately 18.45 acres, including a 9.54-acre primary parcel and an additional 8.91-acre parcel. The residence features approximately 4,314 finished square feet, 5 bedrooms, 3.5 bathrooms, a 3-car attached garage, hardwood and tile flooring, premium appliances, a sauna, covered outdoor living areas, mature landscaping, garden space, a sprinkler system, solar energy, and 400-amp electrical service. Additional flexible living or recreational space is located above the garage, measuring approximately 14' x 38' and offering excellent potential for a bonus room, office, studio, game room, or additional storage. A standout feature is the fully engineered 40' x 60' shop with approximately 2,400 SF, 18' sidewalls, vaulted ceilings, radiant floor heat, full HVAC, epoxy flooring, a custom tiled shower, premium finishes, solar battery backup, and extensive reinforced concrete improvements. The property also includes a private well and septic system, with Starlink internet serving both the home and shop. Horses are allowed per covenants. A rare combination of acreage, privacy, quality construction, and exceptional improvements. For more information, please contact Karson Klein at 605-641-5548.

20013 Ashlee Court, Spearfish
$2,599,000
179473 MLS
Spearfish Studios presents a rare opportunity to acquire a fully occupied, renovated 39-unit multifamily property located just two blocks from downtown Spearfish. Positioned in one of the Black Hills’ most desirable rental markets, this apartment community offers investors a stabilized asset with strong current income, excellent tenant appeal, and meaningful future upside. The property consists of three separate buildings with a diverse unit mix: 33 studio apartment units, 3 one-bedroom units, 2 two-bedroom units, and 1 spacious five-bedroom basement unit. The buildings include one 3-unit building, one 13-unit building, and one 23-unit building, creating a functional and efficient multifamily layout across the property. Spearfish Studios has benefited from both interior and exterior renovations, giving the property a clean, updated, and attractive feel for residents. The property also includes on-site laundry, a main office, and a communal outdoor area located in the center of the parcels, creating a practical and inviting shared space for tenants. In addition to its current stabilized performance, the property offers potential value-add opportunities. There is room within the main building that may allow for the addition of up to three additional units, subject to any required approvals. The open central area between the parcels may also provide future development or enhancement potential, subject to zoning and municipal requirements. With full occupancy, a renovated physical condition, multiple income-producing buildings, on- site laundry, and an exceptional location near downtown Spearfish, this property is well positioned for both immediate cash flow and long-term appreciation. Spearfish Studios offers an investor the opportunity to acquire a proven multifamily asset in a growing community with strong rental demand, limited comparable inventory, and continued regional growth. Listed by Josiah LaFrance- L'Avance Capital and Real Estate (605) 786-3098

346 Kansas City, Spearfish
$2,799,000
5 Beds ⋅ 4 Baths ⋅ 89032 MLS
Rarely does an opportunity arise to own nearly 38 acres on the highly coveted waters of Spearfish Creek. Combining a beautifully maintained custom home, year-round live water, abundant wildlife, exceptional privacy, and future development potential. Privately tucked behind a custom overhead entrance and accessed by paved roads, this remarkable estate has been owned and meticulously cared for by the same family for more than 30 years. Situated just minutes from Spearfish, the property offers the perfect balance of convenience, seclusion, and natural beauty. The beautifully constructed 4,840-square-foot residence was thoughtfully designed to maximize both comfort and the spectacular surroundings. Featuring 5 bedrooms and 4 bathrooms, the home offers generous living spaces, open beam construction, and timeless craftsmanship throughout. Granite countertop islands anchor the kitchen and gathering areas, while two jetted tubs provide luxurious comfort after a day spent enjoying the Black Hills. Large windows frame stunning views of the surrounding landscape, bringing the beauty of the outdoors into every season. The home’s full walkout basement creates a seamless transition between indoor and outdoor living. An expansive deck overlooks the creek and backyard from the main level, while a massive lower-level patio provides the perfect space for entertaining family and friends or simply enjoying the peaceful sounds of flowing water.

616 Rio Drive, Spearfish
$2,699,000
6 Beds ⋅ 179415 MLS
Nestled on 3.0 acres with minimal covenants, this remarkable property offers a rare combination of spacious living, flexibility, and investment opportunity. Featuring 6 bedrooms, 5.5 bathrooms, a stunning stucco exterior with brick accents, a durable metal roof, and an attached 3-car garage, this property is designed to impress from the moment you arrive. Enjoy peaceful mornings and beautiful evenings from the expansive wrap-around porch that surrounds the home, providing the perfect space to relax and take in the surrounding views. Inside, the main floor offers a spacious kitchen designed for gathering and entertaining, complete with an informal breakfast nook and a separate formal dining area. The thoughtful layout provides ample space for everyday living while accommodating larger gatherings with ease. The home also offers an incredibly versatile upstairs arrangement. Three of the bedrooms feature their own private entrance and are accompanied by a full kitchen and additional bathroom, creating an ideal setup for guests, multi-generational living, extended stays, or rental income opportunities. The opportunities continue outside with an impressive 60' x 104' outbuilding, currently operating as Kiwi Vacation Rentals. Whether you continue its current use, expand your investment portfolio, or utilize the space for storage, events, workshops, or business operations, the possibilities are endless.

5310 Airport Rd, Spearfish
$2,699,000
6 Beds ⋅ 6 Baths ⋅ 89008 MLS
Nestled on 3.0 acres with minimal covenants, this remarkable property offers a rare combination of spacious living, flexibility, and investment opportunity. Featuring 6 bedrooms, 5.5 bathrooms, a stunning stucco exterior with brick accents, a durable metal roof, and an attached 3-car garage, this property is designed to impress from the moment you arrive. Enjoy peaceful mornings and beautiful evenings from the expansive wrap-around porch that surrounds the home, providing the perfect space to relax and take in the surrounding views. Inside, the main floor offers a spacious kitchen designed for gathering and entertaining, complete with an informal breakfast nook and a separate formal dining area. The thoughtful layout provides ample space for everyday living while accommodating larger gatherings with ease. The home also offers an incredibly versatile upstairs arrangement. Three of the bedrooms feature their own private entrance and are accompanied by a full kitchen and additional bathroom, creating an ideal setup for guests, multi-generational living, extended stays, or rental income opportunities. The opportunities continue outside with an impressive 60' x 104' outbuilding, currently operating as Kiwi Vacation Rentals. Whether you continue its current use, expand your investment portfolio, or utilize the space for storage, events, workshops, or business operations, the possibilities are endless.

5310 Airport Road, Spearfish
$2,950,000
87258 MLS
For more information, please contact listing agents Rick Weller with Northern Hills Real Estate Company 605-641-1987 or Carmen Almanza with Skyline Properties & Realty 605-939-9498 Extremely rare development property just off St Onge Road near Spearfish. All paved roads to main property!! Excellent Building sites with spectacular views. 90 Acres zoned A-2 and 41 Acres Zoned A-1. Property has endless opportunities. Call today! Buyer is responsible for verifying all information on this MLS document. Broker Owned.

TBD St. Onge Road, Spearfish
$2,669,857
86615 MLS
Exceptional commercial real estate located in a high-traffic, rapidly expanding area within the City of Spearfish. Surrounded by diverse zoning designations, this property offers flexibility for a variety of business uses. Access to utilities, making development seamless and efficient. Ideal for investors or entrepreneurs seeking visibility and growth potential in a thriving market. Listing Agents Polly Jones (605)645-6758 and Ashlee Cvach (605)645-2240. Please see documents for additional information. Seller will not subdivide.

TBD 27th Street, Spearfish
$2,080,000
84295 MLS
Listed by Jeff Garrett (605.641.0574) & Kerry Engelmann (605.484.4325) with Hayden Outdoors Real Estate. This exceptional 40± acre parcel of land offers an unparalleled development opportunity in the thriving city of Spearfish, South Dakota. Situated at the high-visibility intersection of East Colorado Boulevard and South Rainbow Road in Spearfish, SD, this property offers a strategic position between the City of Spearfish and the rapidly expanding Sky Ridge neighborhood and Sports Complex at Exit 17 off Interstate 90. This prime location offers easy access to regional and national markets via I-90, making it ideal for a wide range of commercial and multi-use developments. The property benefits from significant frontage on both East Colorado Boulevard and South Rainbow Road, ensuring excellent visibility for any future development. This land is strategically positioned within a dynamic growth corridor near the Sky Ridge neighborhood and the Sportsplex. The Sportsplex, a regional draw for sports tournaments, generates significant traffic and demand for nearby services. The adjacent Sky Ridge residential development provides a built-in customer base for commercial ventures. The East Colorado Boulevard corridor is recognized by the City of Spearfish as a prime area for commercial and multi-use and infrastructure is either in place or planned to support development.

TBD E Colorado Boulevard, Spearfish
$2,033,380
82747 MLS
Call or text listing agent Alan Crago at 605-641-0359 at CENTURY 21 Spearfish Realty. 46 Acres zoned Highway Service Commercial! Flat land with 1828 ft Highway frontage 3 miles north of I-90/ Exit 10 Spearfish at Kellem Lane. Water well: 1/2 interest in 500-800 gpm artesian well at southern end of property. See plat for property dimensions. Property being sold as is where is. Property has been annexed into the City of Spearfish and zoned Highway Service Commercial. Will build to suit for lease. Will lease or sell subject to approval by City of Spearfish. Terms and conditions to be negotiated.

Kellem Lane, Spearfish
$2,911,223
81633 MLS
For more information contact listing agents Polly Jones 605-645-6758 or Ashlee Cvach 605-645-2240 Cvach & Jones Realty, LLC. This commercial development property, zoned highway service commercial with high visibility, from interstate I-90, and easy access off Exit 14, Spearfish. South end of property borders I-90 right of way, West property boundary is bordered by Wal-Mart and the N boundary is bordered by Les Schwab Tire Center. All city services are accessible to this site, as well as electricity and natural gas. This district is made up of retail, other commercial and industrial properties as well, generating considerable volumes of vehicle traffic. There has been significant growth in this area of Spearfish and the surrounding. A rare opportunity to own this commercial site.

TBD 1st Avenue, Spearfish