Red Rock River Resort – Commercial & Online Auction — More than 24,000 SQ FT of Possibilities!
Owners Joe and Julie Pekron have renovated and operated this property with exceptional care and fidelity and have built several well-established and profitable businesses. They’ve decided it’s now time for them to allow another to go on and make their mark from here.
It’s our extreme pleasure to offer the Minnekahta Block building and Red Rock River Resort. Make plans to join us and take advantage of this unique opportunity.”
It’s our extreme pleasure to offer the Minnekahta Block building and Red Rock River Resort. Make plans to join us and take advantage of this unique opportunity.”
Property Viewing Dates: October 11, October 25 and November 8 from 2-4, p.m. MT or by appointment.
Online pre-bidding opens Monday, November 8th, 2021.
Live & Online Auction held Wednesday, November 10th at 5:30 p.m. MT, on location at the Red RockRiver Resort, 603 North River Street, Hot Springs, SD, 57747.
Have your financial arrangements made prior to bidding. Broker participation invited (form and deadline required). Sells are subject to seller confirmation.
- Located in Hot Springs, SD, the resort is nestled in the Southern Black Hills near US Hwy 385 at 603 North River Street.
- This commercial property is located in the Minnekahta block, a historic building that dates back to 1891. Located in the heart of the historic district, the Resort occupies one of the grand sandstone buildings designed and built by talented artisans at the turn of the last century.
- Southern Black Hills Tourism: The iconic sandstone Minnekahta block is located in downtown Hot Springs, within a short drive of Custer State Park, Mammoth Site of Hot Springs, Moccasin Springs Natural Mineral Spa, Evans Plunge Mineral Springs, Angostura Recreation Area, J.H. Keith Cascade Falls Picnic Area, Moccasin Springs and more!
- Adjacent to US Hwy 385 (traffic counts 2,000/day).
Located in the heart of the historic district, the resort occupies one of the grand sandstone buildings designed and built by talented artisans at the turn of the last century. With its timeless beauty and multi-functionality, the resort has been recently renovated and offers commercial space with no lack of opportunity.
Business Entities
- Constructed in: 1891, Renovated in 2015
- US Hwy 385 frontage
- 3 Levels plus basement, 24,960 sqft.
- Hotel/Specialty lodge includes 10 suites with 12′ ceilings and in-floor heating.
- Event Center/ Wedding Venue- Approved for 250 capacity, is handicap accessible, and includes a dance floor, 2 restrooms, and 4 suites.
- Spa Wing- Includes 4 massage rooms, including dry heat, sauna, and hydrotherapy.
- Restaurant and Bar with Commercial Kitchen- Fine dining and bistro restaurant seats up to 150 for banquets; restaurant and liquor licenses transfer with the title; large kitchen area.
- Lower Level Apartment- 2 bed/1 bath, includes separate off-street access, new plumbing, electricity, drywall, windows. and kitchen.
- (2) Office Suites- Include 3 rooms each with separate addresses, access to restrooms, street access, and parking.
- Furniture and Equipment are not included but may be purchased separately.
- Financials and earnings are available upon request.
Terms and Conditions
- Bidding by Live & Online Auction
- Title: Title transfers by Warranty Deed, a title commitment of merchantability of title, subject to conditions, restrictions, zoning, and easements of record will be provided and is available for review prior to the auction. PROPERTY ZONED URBAN-COMMERCIAL.
- Broker participation invited (form and deadline required).
- Property sells subject to Seller confirmation. A 15% non-refundable earnest money deposit shall be due by the next legal business banking day, and the executed purchase agreement shall be required at the conclusion of the auction. Sells without Buyer contingencies of any kind. Buyers are encouraged to conduct their own due diligence prior to bidding. The real property sells in its entirety. Announcements made on sale day take precedence over any printed materials.
- Closing services will be performed by Southern Hills Title. The closing agent fee will be divided equally between Buyer(s) and Seller. Closing shall be on or before January 10, 2022. Possession shall be granted upon Closing.
- Taxes: 2021 Real Estate Taxes were $6,831.22 and shall be paid by the seller. 2022 taxes prorated to date of closing.
- Seller: Joe and Julie Pekron, Represented by: Hewitt Land Company
"Information deemed Reliable but not Guaranteed."
| Price: | Live & Online Auction |
| Address: | 603 North River Street |
| City: | Hot Springs |
| State: | South Dakota |
| Zip Code: | 57747 |
| Year Built: | 1891 |
| Floors: | 3 Plus Basement |
| Square Feet: | 24,960 |
| Acres: | .03 |
| Bedrooms: | 14 |
| Bathrooms: | 16 |
