603 N RIVER ST, Hot Springs, SD 57747
SULPHUR SPRINGS ADDN · Fall River County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Other
Year Built
1891
Zoning
Conforming
MLS® Listing#
177343
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Lot Features
Construction
Roof
Windows
Security
Sewer
Water Source
Affordability Calculator
$320,000
Estimated monthly payment
$8,516/mo
Principal $1,280,000 · Est. interest $1,785,714 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hot Springs, SD
- $412,000
- Median Listing Price
- 80
- Median Days on Market
- 1,774
- Median Sq Ft
- $245
- Median Price / Sq Ft
- 111
- Active Listings
- This home’s price is 288% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hot Springs, SD.
Location
Points of Interest in Hot Springs, SD
Showing the Hot Springs area map.
Nearby Schools
Hot Springs Middle School
Secondary · 0.3 mi away
Hot Springs Elementary - 02
Elementary · 0.4 mi away
Hot Springs High School
Secondary · 0.4 mi away
Bethesda Lutheran School
School · 0.6 mi away
Edgemont Elementary - 03
Elementary · 20.0 mi away
Oelrichs High School - 01
Secondary · 21.6 mi away
Custer High School
Secondary · 23.2 mi away
Custer Elementary School
Elementary · 23.7 mi away
Custer School District 16-1
School · 23.9 mi away
Hermosa School
Elementary · 31.3 mi away
Black Hills Children's Home
School · 33.1 mi away
Hill City High School
Secondary · 34.4 mi away
Hill City Middle School
Secondary · 34.4 mi away
Hill City Elementary School
Elementary · 34.5 mi away
Rapid City Christian School
School · 38.6 mi away
Isna Wica Owayawa (Loneman School)
Elementary · 39.2 mi away
Corral Drive Elementary School
Elementary · 42.9 mi away
South West Middle School
Secondary · 43.0 mi away
Calvary Christian School
School · 43.2 mi away
Zion Lutheran School
School · 43.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11906 Mountain Lion Lane, Hot Springs, SD | $1,150,000 | 3 | — | 2,584 |
| 12090 HART RD, Hot Springs, SD | $1,160,000 | 3 | — | 1,542 |
| 13308 SUNUP LN, Hot Springs, SD | $1,200,000 | 4 | — | 3,164 |
| 11935 Lone Elk Drive, Hot Springs, SD | $1,400,000 | 2 | — | 2,608 |
| 27097 Ridgeview Springs Road, Hot Springs, SD | $1,467,840 | — | — | — |
| 603 N RIVER ST, Hot Springs, SD | $1,600,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Hot Springs
Listing Courtesy: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY - 6057912340
Presented by: CHERI ST. PIERRE