A rare opportunity in the heart of Hot Springs! Red Rock River Resort is a one-of-a-kind hospitality property offering a unique blend of historic charm, lodging flexibility, event potential, wellness amenities, and added commercial opportunity. Built in 1891 with striking sandstone character, this property is ready for its next chapter—whether as a boutique destination, retreat venue, or income-producing investment. The resort features 17 guest accommodations, including a desirable two-bedroom apartment, providing excellent options for short-term rentals, extended stays, or on-site management. Designed for hosting and gatherings, the property includes a full kitchen and dedicated dining room, and includes a liquor license ideal for serving guests, groups, and events. A standout highlight is the large event center with capacity for up to 250 people, perfect for weddings, receptions, reunions, corporate events, and private celebrations. The event center also offers four attached bedrooms, adding additional lodging and convenience for event weekends. Adding to the guest experience is an on-site spa and wellness area featuring specialty spaces including a hot sand room, granite room, hot soaking tub room, and massage rooms—a rare amenity that truly sets this property apart. The property also includes available retail space, offering additional income potential and flexibility for boutique, gift shop, or guest-focused services. With additional room to grow, the basement offers exciting potential for future expansion—imagine creating a unique lounge or speakeasy-style space to elevate the guest experience even further. With lodging, event space, dining infrastructure, spa features, and expansion potential all in one location, Red Rock River Resort is a truly exceptional opportunity in Hot Springs, SD.
For sale
Price cut: $50K (8/19)
$1,550,000
603 N River St, Hot Springs, SD 57747
--beds
--baths
--sqft
Multiplex
Built in 1891
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Granite roomDedicated dining roomStriking sandstone characterDesirable two-bedroom apartmentHistoric charmHot sand roomFull kitchen
- 230 days
- 206
- 3
Zillow last checked:
Listing updated:
Listed by:
CHERI A ST. PIERRE 605-390-2481,
BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
Source: Black Hills AOR,MLS#: 177343
Facts & features
Interior
Heating
- Electric, Forced Air, Propane
Cooling
- Central Air, Window Unit(s)
Features
- Elevator
- Windows: Window Coverings
- Has basement: Yes
Property
Parking
- Parking features: Off Site, On Street
- Has uncovered spaces: Yes
Features
- Entry location: Community Entrance
- Exterior features: Private Entrance
- Has view: Yes
- View description: City, Creek/Stream, Hills
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 8,276 Square Feet
- Features: Corner Lot
Details
- Zoning description: Conforming
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multiplex
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1891
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sulphur Springs Addn
Location
- Region: Hot Springs
Financial & listing details
- Date on market: 2/2/2026
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
$1,127/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Price change | $1,550,000-3.1% |
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| 7/7/2026 | Price change | $1,600,000-5.9% |
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| 6/4/2026 | Price change | $1,700,000-3.4% |
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| 2/2/2026 | Listed for sale | $1,760,000+6.7% |
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| 11/30/2025 | Listing removed | $1,650,000 |
Source: | ||
| 6/27/2025 | Price change | $1,650,000-2.9% |
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| 4/1/2025 | Listed for sale | $1,700,000-2.9% |
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| 1/4/2024 | Listing removed | $1,750,000 |
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| 2/6/2023 | Listed for sale | $1,750,000 |
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| 10/7/2022 | Listing removed | $1,750,000 |
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| 7/1/2022 | Listed for sale | $1,750,000+16.7% |
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| 7/1/2022 | Listing removed | -- |
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| 4/28/2022 | Pending sale | $1,500,000 |
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| 1/13/2022 | Listed for sale | $1,500,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment




