Hot Springs SD Real Estate & Commercial for Sale

13 Properties Found

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Beds:
n/a
Baths:
Sq.Ft.:
1,500
Status:
NEW LISTING
MLS#:
87940
Type:
Other
Lot size:
0.01 Acres
Year built:
1902
Courtesy: Century 21 Stevens & Associates 605-745-5141
View additional info

ADDITIONAL INFORMATION

Turnkey business opportunity in the heart of uptown Hot Springs. Welcome to Polished Salon and Spa, an established and thriving full service salon that has been serving the community since 2017. Known as a staple in the local beauty industry, this business has built a strong reputation and loyal client base. Polished Salon and Spa currently operates with four booth renters and offers room for additional professionals, providing immediate income potential and opportunity for expansion. The salon offers a full range of services including hair, skin care, nails, and waxing, with space that has previously accommodated massage therapy as well. This award winning business was recognized in 2022 as Black Hills Best Salon of the Year in three categories and has received multiple nominations for the Hot Springs Chamber of Commerce Service Business of the Year. A rare opportunity to step into a well established, growing business in a prime location. Ideal for an owner operator or investor looking to expand in the beauty and wellness industry. Seller is listing broker and owner of the salon.

Beds:
n/a
Baths:
Sq.Ft.:
26,538
Status:
Active
MLS#:
87673
Type:
Other
Lot size:
10.96 Acres
Year built:
1981
Courtesy: Heartland Real Estate 605-745-6772
View additional info

ADDITIONAL INFORMATION

Commercial space featuring three interconnected buildings: a 15,000 SF warehouse with two restrooms, new LED lighting throughout, a Duro-Last roof, 1,200 amp 3-phase power service with two electrical buses for easy power distribution, and copper airlines throughout. 3 man doors and two overhead doors on openers. The north overhead door measures 10'x12', and the East overhead door measures 10'x14'. Perfect for manufacturing. An 8,000 SF warehouse/shop building with direct access to a loading dock. And there is a 3,500 SF office building with four offices, a conference room, a kitchen/break area, and two bathrooms. The property consists of 10.96 acres, providing ample on-site parking and development opportunities. Water service by private well. Excellent location for manufacturing, distribution, light industrial, warehouse, or storage. 7 minutes from Hot Springs. Priced at just $37.59/SF, you can't build for close to this price! Seller financing possible, call Joel Hawkins at 605-891-1869 for details. Listing agent has a financial interest in the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
177360
Type:
Business Opportunities
Courtesy: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
View additional info

ADDITIONAL INFORMATION

A rare opportunity in the heart of Hot Springs! Red Rock River Resort is a one-of-a-kind hospitality property offering a unique blend of historic charm, lodging flexibility, event potential, wellness amenities, and added commercial opportunity. Built in 1890 with striking sandstone character, this property is ready for its next chapterâ??whether as a boutique destination, retreat venue, or income-producing investment. The resort features 11 guest accommodations, including a desirable two-bedroom apartment, providing excellent options for short-term rentals, extended stays, or on-site management. Designed for hosting and gatherings, the property includes a full kitchen and dedicated dining room, ideal for serving guests, groups, and events. A standout highlight is the large event center with capacity for up to 250 people, perfect for weddings, receptions, reunions, corporate events, and private celebrations. The event center also offers three attached bedrooms, adding additional lodging and convenience for event weekends. Adding to the guest experience is an on-site spa and wellness area featuring specialty spaces including a hot sand room, granite room, hot soaking tub room, and massage roomsâ??a rare amenity that truly sets this property apart. The property also includes available retail space, offering additional income potential and flexibility for boutique, gift shop, or guest-focused services. With additional room to grow, the basement offers exciting potential for future expansionâ??imagine creating a unique lounge or speakeasy-style space to elevate the guest experience even further. With lodging, event space, dining infrastructure, spa features, and expansion potential all in one location, Red Rock River Resort is a truly exceptional opportunity in Hot Springs, SD. https://youtu.be/6gZOdwrld8c?si=-7OldjrFZZh6hzol

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
86790
Type:
Other
Lot size:
7.43 Acres
Courtesy: Century 21 Stevens & Associates 605-745-5141
View additional info

ADDITIONAL INFORMATION

Looking for undeveloped city lots for sale in Hot Springs? Look no further! Resa Rutz, Realtor C21-Stevens can provide you with all the info you need. Contact her at 605-891-1298 for more details. This property is located in a highly accessible area in the city limits of Hot Springs and borders the city limit/county line. It's situated on the corner of University and 25th Street, right at the bypass, with possible entry ways/access on both Jennings and Lincoln Streets. With adjacent city water and sewer services, and power poles on the property, this is an ideal location for development. The property is suitable for a variety of uses, such as developing apartment buildings, a mobile home park, or building some tract housing. There is a real need for housing in Hot Springs and the Southern Black Hills area is highly sought out, making this an excellent investment opportunity. Whether you're an individual looking to build your dream home or a developer seeking your next project, these undeveloped city lots offer a prime location and plenty of potential. Contact Resa Rutz today to learn more! Please see video attached to this listing.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
176609
Type:
Business Opportunities
Lot size:
0.34 Acres
Courtesy: HEARTLAND REAL ESTATE 605-745-6772
View additional info

ADDITIONAL INFORMATION

15,000-square-foot steel warehouse space with new LED lighting throughout. Two restrooms. Duro-Last Roof. 1,200/amp 3-phase power service with two electrical buses for easy power distribution. Copper airlines throughout. 1.26 acres provide plenty of on-site parking. 3 man doors and two overhead doors on openers. The north overhead door measures 10'x12', and the East overhead door measures 10'x14'. Water service by private well. Excellent location for manufacturing, distribution, light industrial, warehouse, or storage. 7 minutes from Hot Springs. Priced at just $45.94/SF! Seller financing possible.

Beds:
n/a
Baths:
Sq.Ft.:
15,000
Status:
Active
MLS#:
86772
Type:
Other
Lot size:
1.26 Acres
Year built:
1981
Courtesy: Heartland Real Estate 605-745-6772
View additional info

ADDITIONAL INFORMATION

15,000-square-foot steel warehouse space with new LED lighting throughout. Two restrooms. Duro-Last Roof. 1,200/amp 3-phase power service with two electrical buses for easy power distribution. Copper airlines throughout. 1.26 acres provide plenty of on-site parking. 3 man doors and two overhead doors on openers. The north overhead door measures 10'x12', and the East overhead door measures 10'x14'. Water service by private well. Excellent location for manufacturing, distribution, light industrial, warehouse, or storage. 7 minutes from Hot Springs. Priced at just $45.94/SF! Seller financing possible, call Joel Hawkins at 605-891-1869 for details.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
176024
Type:
Retail
Courtesy: CENTURY 21 CLEARVIEW REALTY 605-721-1257
View additional info

ADDITIONAL INFORMATION

Listed by Denise Haden with CENTURY 21 ClearView Realty, 605-890-0278. We are searching for that ambitious entrepreneur seeking a successful investment opportunity to run and manage their own business! For sale is a thriving T-shirt business located in the Southern Hills area. This growing business has become a staple among the locals and surrounding areas due to its high-quality products and excellent customer service. With flexible hours, the potential for further expansion is promising. The strategic location in the Southern Hills provides a competitive edge with less market saturation compared to other areas. Don't miss this opportunity to own a successful venture with room for growth and a loyal customer base. Grab this chance to step into a profitable business with a strong foundation! The owners are willing to train you on the equipment for the first week so you get off to a great start! The purchase price includes business and equipment only, no real estate is being offered or included in this listing.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
175809
Type:
Retail
Lot size:
0.09 Acres
Courtesy: RE/MAX ADVANTAGE
View additional info

ADDITIONAL INFORMATION

This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springsâ?? vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy café and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

Beds:
n/a
Baths:
Sq.Ft.:
2,550
Status:
Active
MLS#:
85899
Type:
Other
Lot size:
0.5 Acres
Year built:
1897
Courtesy: Keller Williams Realty Black Hills SP 605-343-7500
View additional info

ADDITIONAL INFORMATION

Listed by Kera Williams, KWBH, 605-415-6636. Opportunity is knocking- here's your chance to own a commercial building in the heart of historic Hot Springs, SD! *Originally built in 1898 and expanded in 2004, this space was recently a successful bar/restaurant and has a large dining area with custom wood bar, kitchen set up, a walk in cooler, 2 ADA compliant bathrooms, small office space, a covered patio area and a partially finished basement for potential expansion space *2,250sqft building with the convenience of city utilities and street parking out front.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
172969
Type:
Business Opportunities
Lot size:
0.14 Acres
Courtesy: SUN REAL ESTATE 605-342-9112
View additional info

ADDITIONAL INFORMATION

This spacious 2.74-acre property located in Hot Springs, SD offers a unique opportunity with a combination of a warehouse and a manufactured home. (currently rented) The property features a well-maintained warehouse with 6180 sq ft, perfect for storage, business operations, or various commercial uses. The mobile home provides a comfortable living space with a cozy layout, ideal for on-site living or rental income. The expansive acreage offers plenty of room for expansion, outdoor activities, or potential development. With its prime location in Hot Springs, this property blends functionality and convenience, making it a great investment in a growing area. Property brings in rental money from home and signage due to corner lot visibility. Built in 1956 this location has been used for a warehouse trucking site and other businesses during it's tenure. Bring your commercial or investing ideas and create your future dreams in to an amazing possibility in the beautiful Southern Black Hills!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
172458
Type:
Business Opportunities
Courtesy: KELLER WILLIAMS REALTY BLACK HILLS
View additional info

ADDITIONAL INFORMATION

Take advantage of this opportunity to acquire a well established HVAC business that has been serving the region for over 20 years. Billâ??s Heating & Cooling is one of the only HVAC service providers in the southern Black Hills and also does work throughout the rest of the area and even into Wyoming and Nebraska. Mix of residential and commercial and relationships with many of the local contractors/builders in the area. Currently run by the owner and 5 employees. Owner is ready to retire and pass this business to a new operator. Real estate, vehicles, equipment, and inventory included! Excellent opportunity for an HVAC operator to get a jumpstart on their own business or for an existing company to acquire additional marketshare financials and all other information with qualified buyers who have signed an NDA. Sale includes real estate (645 S 6th St and 741 Battle Mtn Ave), vehicles, equipment, and inventory.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
172265
Type:
Retail
Lot size:
0.03 Acres
Courtesy: KELLER WILLIAMS REALTY BLACK HILLS
View additional info

ADDITIONAL INFORMATION

Exceptionally located commercial space in downtown Hot Springs. This 1,475sf building is situated across from the Hot Springs River Walk with the waterfall straight ahead when you step out the door. The interior has been stripped down and is ready for a custom buildout. The current owners have been working on plans to put in a new storefront window and entry door. Excellent spot for a restaurant or retail business to attract tourist traffic!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
79386
Type:
Other
Lot size:
3.24 Acres
Courtesy: Century 21 Stevens & Associates 605-745-5141
View additional info

ADDITIONAL INFORMATION

Resa Rutz, Realtor C21 Stevens & Associates, welcomes you to consider just under 3.2 acres of commercial land located at the Southern Hills Golf Course's clubhouse and parking lot. These 3 lots are situated at the 10 tee box and the 10 green, without subdivision covenants, and are the only commercial lots on the course, offering endless possibilities for your business ideas. The owner refers to these lots as The Greens at Southern Hills and they are ideal for multi-housing, vacation housing, hotel housing, or dining, bar, spa, and more. The cart path in between the lots provides easy access for your customers. Power and city utilities are already available to the lot line, making it convenient to start building right away. Southern Hills Golf Course is a top-rated golf course and was voted #1 9 hole course in America by Golf Digest. Now, it is a full 18 hole course and even better. With better weather on the way, Resa will provide more photographs of the property. In the meantime, you can find some of the lot lines from the county site. Don't miss out on this rare opportunity to own commercial land in a prime location at Southern Hills Golf Course.

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Andrea D. Conner, License 17600, Xome Inc., License 13405**, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2026 Black Hills Association of REALTORS®. All rights reserved.



Hot Springs Real Estate

Hot Springs is located in South Dakota. Hot Springs, South Dakota has a population of 3,407. Hot Springs is less family-centric than the surrounding county with 9.06% of the households containing married families with children. The county average for households married with children is 13.6%.

The median household income in Hot Springs, South Dakota is $44,167. The median household income for the surrounding county is $51,007 compared to the national median of $69,021. The median age of people living in Hot Springs is 54.9 years.

Hot Springs Weather

The average high temperature in July is 89.8 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 17.8 inches per year, with 29.6 inches of snow per year.

Hot Springs Map

Hot Springs Real Estate Market Conditions

  • Median sales price

    $262,000
    18.1%
    change since last quarter
  • # Active listings

    175
    30-day change

Hot Springs Schools and Demographics

Education near Hot Springs, SD

City County
High School Graduates 91.02 93.43
College Degree - 2 year 13.73 12.85
College Degree - 4 year 20.29 22.12
Graduate Degree 6.34 5.53
Expenditures per Student 11,675 11,675
Students per Teacher 12.2 12.2

Elementary Schools near Hot Springs, SD

Grades Students P/T Ratio ZIP
Edgemont Elementary - 03 PK - 08 111 9.2 57735
Elk Mountain Elementary - 01 PK - 08 3 1.8 57735
Hot Springs Elementary - 02 PK - 05 354 13 57747
Oelrichs Elementary - 02 KG - 06 48 6 57763

Middle Schools near Hot Springs, SD

Grades Students P/T Ratio ZIP
Hot Springs Middle School - 06 06 - 08 192 13.8 57747
Oelrichs Junior High - 03 07 - 08 14 6.6 57763

High Schools near Hot Springs, SD

Grades Students P/T Ratio ZIP
Edgemont High School - 01 09 - 12 45 7.7 57735
Elk Mountain Virtual HS - 03 09 - 12 3 4.6 57735
Hot Springs High School - 01 09 - 12 274 14.3 57747
Oelrichs High School - 01 09 - 12 49 6.7 57763

Demographics near Hot Springs, SD

City County
Neighborhood Type Small Town
Population 3,407 6,979
Population Density 962 4
Median Age 54.9 54.3
People per Household 2 2.1
Median Household Income 44,167 51,007
Average Income per Capita 27,060 29,301

Real estate near Hot Springs