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$ 3,250,000
Est. payment /mo
Active
701 N 5th St Spearfish, SD 57783
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 89589
Property Sub-Type Other
Property Description
Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246. Positioned at one of Spearfish's most recognizable intersections, the historic Lown Mercantile Building is one of the Black Hills' most iconic commercial landmarks. Built in 1893 and listed on the National Register of Historic Places, this exceptional property reflects Spearfish's transformation from a frontier trading post into one of South Dakota's premier destinations for tourism, higher education, and commerce. Following an award-winning historic rehabilitation, the building seamlessly combines timeless architecture with modern functionality. Improvements include structural reinforcement, updated mechanical systems, a fully equipped commercial kitchen, restored sandstone exterior, and expanded dining and entertainment spaces. A striking timber-framed rear addition features multiple outdoor decks, abundant storage, unfinished office space, and infrastructure for a future commercial passenger elevator, offering outstanding flexibility and enhanced ADA accessibility. The main level is home to Six Goats Tavern, showcasing soaring ceilings, exposed timber beams, hardwood floors, rustic finishes, abundant natural light, and an inviting open dining room centered around a full-service bar. The commercial kitchen efficiently supports high-volume food and beverage service. The second floor is ideally suited for weddings, banquets, corporate events, private gatherings, offices, or meeting space. An exceptional investment!
Location
State SD
County Lawrence
Area Spearfish
Listed by RE/MAX Advantage