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$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

$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

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