701 5th Street Spearfish SD 57785 MLS #79224

701 5th Street
Spearfish, SD, 57785
$3,500,000
Beds
0 Baths
8,242 SqFt
0.29 Acres
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Contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. This Historic downtown space in the heart of Spearfish offers 2 lots and is currently ideal as a restaurant & lounge, but offers endless potential for your next commercial venture or business. As one of the favorites of downtown, this elegant space has been attractively restored with endless beautiful features & updates in 2000 including mechanical, electrical, plumbing, and Cat5 Internet wiring. The main floor is currently being used as a steakhouse and bar. The second story events center exudes style & has wonderful views of the downtown district, plus access to a custom roof-top deck showcasing the sunset over the surrounding Northern Hills. Upon completion of the renovations, the building received an Honor Award from the South Dakota State Historical Society. While entertaining, you will appreciate the full service kitchen with custom cherry cabinets and granite countertops, Subzero & Thermador appliances, Murano glass fixtures & lighting system, and fireplace with an oversized sandstone surround. The events center does have high-end bathroom fixtures, including 1 with a granite surround shower. The building has been customized for an elevator, but currently does not have an elevator in the shaft. Liquor License is not included in this price.

Property Details

Price:
$3,500,000
MLS #:
79224
Status:
Active
Baths:
0
Address:
701 5th Street
Type:
Commercial
Neighborhood:
spearfish
City:
Spearfish
Listed Date:
Feb 28, 2024
State:
SD
Finished Sq Ft:
8,242
ZIP:
57785
Lot Size:
12,632 sqft / 0.29 acres (approx)
Year Built:
1893
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Interior

B A S E M E N T/ S U B S T R U C T
Block Foundation, Stone Foundation
C O O L I N G
Refrig. C/ Air
H E A T I N G
Natural Gas, Forced Air

Exterior

C O N S T R U C T I O N
Frame, Block, Brick
E X T R A S
Hi- Traffic Location, High Visibility, Kitchen Area, Lounge/ Bar, Restaurant, Restrooms, View
L O T D E S C R I P T I O N
Corner Lot
P A R K I N G
Common, Off- Site, Parking Lot, Street Parking, Other ( See Remarks)
R O A D S U R F A C E
Concrete, Blacktop

Financial

U T I L I T I E S- S E W E R
City ( At Site)

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701 5th Street
Spearfish, SD