Bring your vision, your business plan, or your next investment strategy — this is a rare visibility-driven location with long-term upside in the heart of Hot Springs. Exceptional opportunity to secure a highly visible mixed-use residential property in one of Hot Springs’ most traveled commercial corridors. Located at 702 Indianapolis Avenue, this site offers excellent exposure, easy highway access, and strong future-use potential for an investor, professional office, or owner-user looking to position a business in a high-traffic location. Investors looking toward the future of Hot Springs may appreciate the property’s strategic location near established businesses, its daily traffic flow, and its access to both local residents and visitors traveling through the Southern Black Hills. The prior structures have been removed, allowing the next owner to imagine a fresh, functional improvement that fits the location and market demand.
Lot/land
$95,500
702 Indianapolis Ave, Hot Springs, SD 57747
--beds
--baths
9,583Square Feet
Residential Multi
Built in ----
9,583 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 124 days
- 41
- 0
Zillow last checked:
Listing updated:
Listed by:
Debra Selbe,
Century 21 Stevens & Associates
Source: Mount Rushmore Area AOR,MLS#: 88371
Facts & features
Property
Lot
- Size: 9,583 Square Feet
- Dimensions: 50 x 140
- Features: Corner Lot
- Topography: Level
Details
- Parcel number: 819000000000480
- Zoning description: General Zoning: Other (See Remarks)
Utilities & green energy
- Gas: None
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Location
- Region: Hot Springs
Financial & listing details
- Tax assessed value: $1,950
- Annual tax amount: $33
- Date on market: 4/26/2026
- Listing terms: Cash
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$740/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2026 | Listed for sale | $95,500+354.8% |
Source: | ||
| 2/10/2017 | Sold | $21,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $264 | -- |
| 2021 | $264 +702.8% | -- |
| 2020 | $33 -66% | $1,950 |
| 2019 | $97 | $1,950 -0.5% |
| 2018 | -- | $1,960 +5.4% |
| 2017 | -- | $1,860 -18.1% |
| 2016 | -- | $2,270 +12.4% |
| 2015 | -- | $2,020 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 57747
Nearby schools
Schools provided by the listing agent
- District: Hot Springs
Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





