Remarks

It’s not often when the occasion arises to buy an iconic piece of history. It hardly ever happens when a well-producing commercial property comes up for sale. But it is even more rare when a once in a blue moon opportunity comes along that combines these two possibilities together. Fortunately for you, that has happened. Long-time Spearfish residents, the Kelley Family, have decided to sell the property currently called the Kelley Block in Spearfish, South Dakota. With a mixture of retail shops on the Main Street level, and a variety of uses on the second floor, which includes the historic Mathews Opera House, a large dance studio, four (4) office spaces, and five (5) apartments. One is a large studio apartment. The second is a totally refinished, beautiful loft apartment with two (2) bedrooms, two (2) bathrooms, large living area & dining area, kitchen, laundry. Three (3) more apartments, each are two (2) bedroom units that overlook to the south. There have been a variety of updates over the years that includes HVAC, electrical, and plumbing. The Kelley Block also includes the Public Restroom in the alley behind the building and is currently leased to the City of Spearfish. Also an additional parking lot that is used by the residential tenants. The total above ground square footage is approximately 43,000 square feet, with another 20,000 square feet of useable basement space, according to Lawrence County records.

Details

MLS#: 82905
Price: $5,000,000

Style: CI Land w/Building
Sq Ft: 63000
Year Built: 1900