714 Main StSpearfish, SD 57783
- Showrooms
- 3,976 SF
For Sale
$1,500,000
View listing
Property Details for 714 Main St
- Year built
- 1925
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 3,976 SF
- Property type
- Showrooms
- APN
- 32030-02000-080-00
- APU
- 320300200008000
Description
This exceptional commercial property, located at 714 N Main Street in the heart of Spearfish, South Dakota, offers 6,000 square feet of prime retail space. Boasting an enviable Main Street frontage, this building benefits from its position across from popular restaurants, a bakery, and the acclaimed Spearfish Brewing Company. Its strategic location also places it within close proximity to other thriving businesses, including a restaurant/tavern and an ice cream shop, ensuring high visibility and foot traffic. The property includes two suites on the main floor
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,396,448
- 6.5%
- $1,289,029
- 7%
- $1,196,956
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,631,004
- Geo Method
- $827,813
-
Alternative Use
- Use
- Valuation
- Residential
- $1,087,344
- Hospitality
- $996,002
- Educational
- $828,662
- Medical
- $857,161
- Retail
- $1,289,029
714 Main St, Spearfish, South Dakota
Location Insight
- City
- Spearfish
- County
- Lawrence
- State
- South Dakota
- Latitude
- 44.4904
- Longitude
- -103.859
- CBSA code
- 43940
- CBSA name
- SPEARFISH, SD MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,495
$66,000
$202,500
$268,500
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Comparable in this City
Similar Nearby for Sale
FAQs
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