± 63,000 SF BUILDING FOR SALE 7 RETAIL SPACES OFFICE SPACES 5 APARTMENTS THE KELLEY BLOCK Presented by Rick Tysdal Broker Associate 605-641-1030 rtiz@spearfishrealty.com MLS # 74464 $5,000,000 Main Street Spearfish, South Dakota
ABOUT THE KELLEY BLOCK
It’s not often when the occasion arises to buy an iconic piece of history. It hardly ever happens when a well-producing commercial property comes up for sale. But it is even more rare when a once in a blue moon opportunity comes along that combines these two possibilities together. Fortunately for you, that has happened
Long-time Spearfish residents, the Kelley Family, have decided to sell the property currently called the Kelley Block in Spearfish, South Dakota. With a mixture of retail shops on the Main Street level, and a variety of uses on the second floor, which includes the historic Mathews Opera House, a large dance studio, four (4) office spaces, and five (5) apartments One is a large studio apartment The second is a totally refinished, beautiful loft apartment with two (2) bedrooms, two (2) bathrooms, large living area & dining area, kitchen, laundry. Three (3) more apartments, each are two (2) bedroom units that overlook to the south
There have been a variety of updates over the years that includes: HVAC, electrical, and plumbing. The Kelley Block also includes the Public Restroom in the alley behind the building and is currently leased to the City of Spearfish. Also, an additional parking lot that is used by the residential tenants. The total above-ground square footage is approximately ±43,000 square feet, with another ±20,000 square feet of useable basement space, according to Lawrence County records
Rick Tysdal -
605 641
1030 - Broker Associate - CENTURY 21 Spearfish Realty,
Inc
Rick Tysdal - 605.641.1030 - Broker Associate - CENTURY 21 Spearfish Realty, Inc. ABOUT THE KELLEY BLOCK Five Apartments 3 BR 2 BA The LOFT The STUDIO 2 BR 2 BA SOUTHSIDE 3 2 BR 2 BA SOUTHSIDE 1 2 BR 2 BA SOUTHSIDE 2
SERVICE 1 Rick Tysdal - 605.641.1030 - Broker Associate - CENTURY 21 Spearfish Realty, Inc. COMMUNITY COLLABORATION
THE LOCAL ECONOMY
10 Reasons to Do Business in Spearfish
1. ECONOMY - Low cost of living transitions to lower cost of doing business. RFN, Inc. ranked South Dakota as the lowest cost state to do business.
2. ADVENTURE - Rated by National Geographic Adventure Magazine as one of the "Top 50 Best Places" to live and play. One of only 8 cities selected as a "Hot Spot" in America.
3 FEWER TAXES - No state personal income tax, no corporate income tax no personal property tax, and no business inventory tax
4 ENTREPRENURIAL - Milikin Institute reported Small Business Financial Foundation ranked South Dakota as #1 as the lowest cost state to do business, and ranked #1 "Environment for Entrepreneurs
5 EDUCATION - Ranked #1 in US with the most Internet-Connected Students and with Black Hills State University producing highly-qualified graduates and an award winning public education system
6 ASSISTANCE & TRAINING - Our pro-business local, county and state governments offer several direct financial assistance programs and training incentives
7 INFRASTRUCTURE - Spearfish owns and manages a fully developed professional business/industrial park served by a a state of the art fiber optic telecommunications network
8. EMPLOYMENT COSTS - Spearfish businesses enjoy some of the lowest cost worker's comp rates and unemployment insurance costs in the nation. Expansion Management Magazine recently rated the Black Hills area as having the lowest unemployment insurance rates in the nation.
9. LOW UNION ACTIVITY - Less than 1% of Spearfish's labor force is involved in a union.
10. LABOR MARKET - As a regional trade center with the state's 3rd largest university, Spearfish businesses are supported by one of the region's largest labor markets.
Information courtesy of Spearfish Economic Development Corporation.
Rick Tysdal - 605.641.1030 - Broker Associate - CENTURY 21 Spearfish Realty, Inc.
LINKS TO LOCAL INFORMATION
City of Spearfish www.cityofspearfish.com
Visit Spearfish www visitspearfish com
Spearfish Chamber of Commerce spearfishchamber.org
Spearfish School District spearfish.k12.sd.us
Spearfish Foundation for Public Education spearfishschools.org
Black Hills State University bhsu.edu.org
South Dakota Governor's Office of Economic Dev. www.sdgoed.com
Spearfish Economic Development spearfishdevelopment.com
Sandford Underground Research Facility sandfordlab.org
Monument Health Spearfish monument.health
Black Hills National Forest fs usda gov/blackhills
All Trails alltrails.com
Rick Tysdal - 605 641 1030 - Broker Associate - CENTURY 21 Spearfish Realty, Inc