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$1,550,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Sulphur Springs Addn
MLS Listing ID 177343
Year Built 1891
Property Sub-Type Multiplex
Property Description
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 1891 with striking sandstone character, this property is ready for its next chapter—whether as a boutique destination, retreat venue, or income-producing investment. The resort features 17 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, and includes a liquor license 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 four 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 rooms—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 expansion—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.
Location
State SD
County Fall River
Area Southern Hills
Zoning Conforming
Interior
Heating Electric, Forced Air, Propane
Cooling Central, Window
Exterior
Roof Type Other (See Remarks),Tar and Gravel
Building
Foundation Full Basement, Poured Concrete, Stone Foundation, Unfinished Basement
Sewer City (at site)
Water City (at site)
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Listed by BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
Nearby Locations
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