4 months on rocket

230 N Main St, Spearfish, SD, 57783

$2,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,685 SqFt
$253/SqFt
Multi

Location

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230 N Main St, Spearfish$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1955
MLS #81297
Lot Size0.64 Acres
StatusActive
(ACTIVE)

About 230 N Main St

Call or Text Listing Agent - Kade Welfl - The Real Estate Center of Spearfish - 605-210-0010 for more information. This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of .64 acres and 8,685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22,375 ($268,500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath manager’s suite and office, 30 of the 31 units are studio apartments. There is a large laundry room generating additional income. With more than 1/2 acre of land and 200 feet of frontage on the main corridor through Spearfish, the value of this property will continue to appreciate overtime and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1955
  • Living Area: 8,685 SqFt

Listing Office:

  • Office Name: The Real Estate Center of Spearfish
  • Office Phone: (605) 642-2525

Lot Features

Lot Information:

  • Lot Size: 0.64 Acres

Other

Directions Information:

  • Directions: Main Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
  • Price Per SqFt: $253/SqFt

Tax Information:

  • Annual Amount: $6,644
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Spearfish, SD.

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Spearfish, SD

City

Med. Sold Price

$512K

Med. Price/SqFt

$222

# of Sold Homes

15

230 N Main St vs Spearfish

137 DAYS ON ROCKET

$2,200,000

+$1.6M More

$253/SqFt

+$31 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $31/SqFt more than other homes in Spearfish, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #81297

Listing Office:

  • Office Name: The Real Estate Center of Spearfish
  • Office Phone: (605) 642-2525

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$6,644$386,690
2018$6,517$385,220
2017$6,549$385,220

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-860982
5
/10

  • Creekside Elementary - 07

  • 2325 North Ave

  • 1.59 miles

  • Public District Grades 3-5

school-card-donut-860983
4
/10

  • Lead-Deadwood Elementary - 03

  • 716 Main St

  • 9.79 miles

  • Public District Grades KG-5

school-card-donut-860984
8
/10

  • Whitewood Elementary - 04

  • 603 Garfield St

  • 11.03 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,244. Residents of Spearfish, SD typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Spearfish, SD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Spearfish, SD?

Spearfish offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in Spearfish vary, with a mix of modern, ranch-style, and traditional homes. The housing market is dynamic, with a blend of historic homes and newer constructions that cater to a range of preferences. The homeownership rate in Spearfish is robust, reflecting a community invested in long-term residency.

Is Spearfish, SD a good place to live?

Spearfish is celebrated for its scenic beauty and outdoor recreational opportunities, including the nearby Black Hills National Forest. The community prides itself on a friendly, small-town atmosphere that is both welcoming and vibrant. Annual events like the Spearfish Canyon Half Marathon and the Downtown Friday Nights showcase the town's active lifestyle and commitment to community engagement.

Are things conveniently located in Spearfish, SD?

The community is served by a number of public schools, offering education from elementary through high school levels, as well as a local university that contributes to the educational and cultural life of the town. Healthcare services are available, with facilities providing a range of care including primary and urgent care. Spearfish also features a public library, a variety of retail shops, and dining options that reflect the local culture. The city is attentive to the evolving needs of its residents, with initiatives aimed at enhancing services to accommodate growth and demographic shifts.

What does the transportation in Spearfish, SD look like?

Transportation in Spearfish includes a network of well-maintained roads and highways that connect residents to nearby cities and attractions. Public transportation options are available, with schedules that cater to the needs of the community. The town's layout promotes walkability in several areas, particularly in the downtown district, and there are bike-friendly routes for cycling enthusiasts. While specific ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.

Rocket Homes›South Dakota›Lawrence County›Spearfish›57783›230 N Main St

This home is located at 230 N Main St in Spearfish, SD and zip code 57783. This 8,685 square foot home, which was built in 1955, sits on a 0.64 acre lot. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $2,200,000.

Over 0 listings were sold over their listed price in November 2024 in Spearfish, SD. In the same period over 9 listings were sold below the listed price and 5 listings were sold for the listed price. The number of homes for sale in Spearfish, SD decreased by 8.1% between October 2024 and November 2024.

From Rocket Homes Real Estate and based on county public records data.

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