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$279,000 U/C Contingency

523 Spearfish Canyon
Spearfish, SD 57783

3,600 sq ft

Commercial: Commercial - MLS# 124457
Property Photo


THIS PROPERTY HAS GONE THROUGH FORECLOSURE - SHERIFF'S DEED HAS BEEN FILED - BANK SAYS SELL IT!!! Come with your creative genius and take advantage of this location, the bldg & land located at the last stop before entering Spearfish Canyon from the north (City of Spearfish, SD). This is a very special opportunity for those who have the vision to locate/create business in this prime location. The property requires a lot of work to update the building, kitchen, equipment, HVAC, plumbing, electrical, lower level, etc. Property comes with some existing furniture, fixtures and equipment including kitchen equipment, 2 walk in coolers, freezers, etc. City of Spearfish currently provides water service to the building and will issue and control all building permits. Buyer must update agreement with Spearfish for use of land located west/rear of building where sanitary sewer is located. Located in FEMA flood plain so special requirements needed to improve the property.


  • Listing Status: U/C Contingency
  • Special Conditions: Foreclosure
  • Area: Northern Hills
  • Parking: Asphalt/Off-Street, Gravel/Off-Street
  • Physical Condition: Fair
  • Property Type: Commercial
  • Quality: Average
  • Road Frontage: Highway, Major Artery, City/County
  • Roof Type: Metal
  • Services: City Water, Private Sewer
  • Sq.Ft.: 3600
  • Sub Type: Commercial
  • Meters: Master
  • Interior Walls: Sheetrock, Plaster, Metal
  • Basement: Partial
  • Building Use: Restaurant, Other
  • Ceiling Height (Feet): 8-11 Feet
  • Construction: Wood Frame
  • Cooling: Central
  • County/Area: Lawrence County
  • Exterior Walls: Wood
  • Floor Covering: Concrete, Tile, Wood
  • Foundation: Poured
  • Heating: Gas, Forced Air
  • Zip Code: 57783
  • View: Hills,Trees,Canyon