Description
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer’s agent to verify all information.
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0.64ACRES
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01/2 BATHS
School Ratings & Info
Description
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer’s agent to verify all information.
© 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2026-10-06T16:44:42.127.
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