10888 Rimrock Pl - Hospitality FOR SALE


Spearfish, SD 57783
$2,670,000 USD
605-519-6506
10888 Rimrock Pl, Spearfish, SD for Sale
$2,670,000 USD
Hospitality - FOR SALE
1/102
null | Request Cap Rate

10888 Rimrock Pl
Spearfish, SD 57783


HIGHLIGHTS

  • Historic income property on 6.29 acres adjacent to trout-rich Spearfish Creek in spectacular Spearfish Canyon
  • Rental opportunities include 6 seasonal cabins, and a 4,000+ sq ft modern residence with a breathtaking owners’ suite and three luxury rental suites
  • Turn-key seasonal resort also includes significant redevelopment potential, including the prospect of redevelopment subject to planning approval
  • Surrounded on three sides by National Forest with unparalleled views of Spearfish Canyon
  • Vintage 1919 lodge with large decks and a kitchen for catered public events and a small studio for rental or staff housing
  • Stand-alone giftshop and gallery offering beer, wine, and lite bites

OVERVIEW

MLS#: 81071. Seasonal vacation business and/or legacy family retreat in tax-free South Dakota! Rare opportunity to own a historic property on 6.29 acres adjacent to trout-rich Spearfish Creek in spectacular Spearfish Canyon. Rim Rock Lodge, a short 5 miles from the thriving community of Spearfish, is surrounded on three sides by National Forest and boasts unparalleled views of Spearfish Canyon. Turn-key seasonal resort includes significant redevelopment potential (subject to County approvals). The business has an excellent reputation and stunning curb appeal. The property consists of 6 cabins; a 4,000+ sq ft modern residence with a breathtaking owners’ suite and three luxury guest suites; a 1919 lodge with large decks and kitchen for catered public events; and a standalone gift shop and gallery offering beer, wine, and lite bites. The possibilities are endless – seasonal resort, year-round rentals, or legacy family retreat. The property includes a new well (2017) and approved septic upgrades for a potential restaurant (2023). The smaller parcel (2.61 acres) comes with covenants, but the larger parcel (3.68 acres) comes with no covenants. Hurry - it just doesn’t get any better than this. Pre-qualified buyers by appointment only. https://blackhills.evrealestate.com/properties/our-listings/10900-Rimrock-Spearfish-SD-57783-MountRushmore-81071.

FOR SALE DETAILS

PRICE

$2,670,000 USD

PRICE/SF

$357 USD /SF

# OF ROOMS

6

PRICE/ROOM

$445,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rim Rock Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.29 AC

LAND SF

273,992 SF

ZONING

-

APN/PARCEL ID

16000-00502-040-14,26280-00479-000-27

ASK ABOUT THIS PROPERTY

Geoff ZiebartRim Rock LodgeMore Info
605-519-6506

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Geoff ZiebartRim Rock LodgeMore Info
605-519-6506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.