Spearfish, SD High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Spearfish, South Dakota Market population: 11K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Spearfish SD Properties: 1.1700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Spearfish SD
Common questions from investors exploring commercial real estate in Spearfish SD.
What's the overall investment potential of Spearfish, SD, considering its demographic and economic factors?
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Spearfish's median household income of $37,644, combined with a poverty rate of 15.0% and a high health insurance coverage of 90.6%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Finance & Insurance and Public Administration, contribute to a diverse economy, while the 18.6-minute average commute time and high rate of drove alone commutes indicate a convenient and accessible location. The city's ethnic diversity, with a predominant White population and a small but present foreign-born rate of 2.1%, adds to its appeal.
How does the city's commute time and health insurance coverage impact the quality of life for residents and potential tenants?
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The 18.6-minute average commute time in Spearfish, along with the top commute methods of driving alone, carpooling, and walking, suggests a well-planned infrastructure that supports an easy and convenient lifestyle. Additionally, the high health insurance coverage rate of 90.6% indicates a population with access to quality healthcare, which can contribute to a stable and attractive rental market. This combination of factors can lead to higher tenant satisfaction and retention rates, making Spearfish an appealing location for real estate investors.
What role do the top industries in Spearfish play in shaping the local real estate market?
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The top industries in Spearfish, including Finance & Insurance, Public Administration, and Professional, Scientific, & Management Services, contribute to a diverse and stable economy. This diversity can lead to a steady demand for housing, as employees in these industries are likely to have stable incomes and be attracted to the area's relatively low poverty rate of 15.0% and high health insurance coverage rate of 90.6%. Furthermore, the presence of these industries can also drive up the median property value of $172,200, making Spearfish an attractive location for real estate investors looking for long-term appreciation.
How does the city's ethnic diversity and foreign-born population impact the local real estate market?
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Spearfish's ethnic diversity, with a predominant White population and a small but present foreign-born rate of 2.1%, suggests a relatively homogeneous community. However, this diversity can still contribute to a vibrant and attractive location for residents and potential tenants. The city's low foreign-born rate may indicate a more stable and established population, which can lead to lower vacancy rates and higher tenant retention. Additionally, the median household income of $37,644 and the poverty rate of 15.0% suggest a working-class market with employment stability, making Spearfish an appealing location for investors looking for steady rental income.
What are the implications of Spearfish's median property value and property taxes for real estate investors?
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The median property value of $172,200 in Spearfish, combined with a median property tax of $2,345, suggests a relatively affordable housing market with moderate tax burdens. This can make Spearfish an attractive location for real estate investors looking for properties with potential for long-term appreciation. Additionally, the city's homeownership rate of 51.0% and the employed population of 5,797 indicate a stable and established community, which can contribute to a steady demand for housing and support the local real estate market. The relatively low poverty rate of 15.0% and high health insurance coverage rate of 90.6% further reinforce the stability of the market, making Spearfish a viable option for investors seeking reliable returns.
What's the overall investment potential of Spearfish, SD, considering its demographic and economic factors?
+
Spearfish's median household income of $37,644, combined with a poverty rate of 15.0% and a high health insurance coverage of 90.6%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Finance & Insurance and Public Administration, contribute to a diverse economy, while the 18.6-minute average commute time and high rate of drove alone commutes indicate a convenient and accessible location. The city's ethnic diversity, with a predominant White population and a small but present foreign-born rate of 2.1%, adds to its appeal.
How does the city's commute time and health insurance coverage impact the quality of life for residents and potential tenants?
+
The 18.6-minute average commute time in Spearfish, along with the top commute methods of driving alone, carpooling, and walking, suggests a well-planned infrastructure that supports an easy and convenient lifestyle. Additionally, the high health insurance coverage rate of 90.6% indicates a population with access to quality healthcare, which can contribute to a stable and attractive rental market. This combination of factors can lead to higher tenant satisfaction and retention rates, making Spearfish an appealing location for real estate investors.
What role do the top industries in Spearfish play in shaping the local real estate market?
+
The top industries in Spearfish, including Finance & Insurance, Public Administration, and Professional, Scientific, & Management Services, contribute to a diverse and stable economy. This diversity can lead to a steady demand for housing, as employees in these industries are likely to have stable incomes and be attracted to the area's relatively low poverty rate of 15.0% and high health insurance coverage rate of 90.6%. Furthermore, the presence of these industries can also drive up the median property value of $172,200, making Spearfish an attractive location for real estate investors looking for long-term appreciation.
How does the city's ethnic diversity and foreign-born population impact the local real estate market?
+
Spearfish's ethnic diversity, with a predominant White population and a small but present foreign-born rate of 2.1%, suggests a relatively homogeneous community. However, this diversity can still contribute to a vibrant and attractive location for residents and potential tenants. The city's low foreign-born rate may indicate a more stable and established population, which can lead to lower vacancy rates and higher tenant retention. Additionally, the median household income of $37,644 and the poverty rate of 15.0% suggest a working-class market with employment stability, making Spearfish an appealing location for investors looking for steady rental income.
What are the implications of Spearfish's median property value and property taxes for real estate investors?
+
The median property value of $172,200 in Spearfish, combined with a median property tax of $2,345, suggests a relatively affordable housing market with moderate tax burdens. This can make Spearfish an attractive location for real estate investors looking for properties with potential for long-term appreciation. Additionally, the city's homeownership rate of 51.0% and the employed population of 5,797 indicate a stable and established community, which can contribute to a steady demand for housing and support the local real estate market. The relatively low poverty rate of 15.0% and high health insurance coverage rate of 90.6% further reinforce the stability of the market, making Spearfish a viable option for investors seeking reliable returns.
What are some of the best neighborhoods to live in Spearfish?
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Some of the best neighborhoods to live in Spearfish include Hillsview, which is a peaceful and family-friendly neighborhood known for its clean environment and beautiful views. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the northeast regions. Additionally, neighborhoods like Belle Fourche are also popular among residents.
What are some fun things to do in Spearfish?
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There are plenty of fun things to do in Spearfish, including taking a drive through Spearfish Canyon Scenic Byway, hiking and biking on the numerous trails, and visiting attractions like D.C. Booth Historic National Fish Hatchery and Termesphere Gallery. You can also explore the downtown area and visit the Spearfish Arts Center or attend the South Dakota Chocolate Festival.
What is the food scene like in Spearfish?
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The food scene in Spearfish is diverse and offers a range of options, from modern American cuisine at REDwater Kitchen to fresh seafood at Storming Crab and Dakota Seafood Fresh Market. You can also find great pizza at Dough Trader and steak at Deadwood Legends Steakhouse. Additionally, there are unique eateries like Antunez, which serves Peruvian and Mexican cuisine, and Berlin, which brings a slice of Europe to the heart of Spearfish. There are also plenty of great food trucks and local favorites like Leone's Creamery, which serves delicious ice cream.
What are the pros and cons of living in Spearfish?
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The pros of living in Spearfish include its beautiful natural surroundings, outdoor recreational opportunities, and a growing food and arts scene. However, some cons include the limited job market, with jobs that pay enough to afford housing being hard to come by. Additionally, the city may have a smaller selection of amenities and services compared to larger cities. Overall, Spearfish is a great place to live for those who value a close-knit community and easy access to nature, but may not be the best fit for those looking for a wide range of job opportunities or urban amenities.
Is Spearfish a good place to live?
+
Spearfish is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a growing arts and food scene. While it may have some limitations in terms of job opportunities and amenities, the city's natural beauty, friendly community, and relatively low cost of living make it an attractive option for many people. Ultimately, whether Spearfish is a good place to live depends on your individual priorities and preferences, but it is definitely worth considering for those looking for a unique and charming place to call home.
What are some of the best neighborhoods to live in Spearfish?
+
Some of the best neighborhoods to live in Spearfish include Hillsview, which is a peaceful and family-friendly neighborhood known for its clean environment and beautiful views. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the northeast regions. Additionally, neighborhoods like Belle Fourche are also popular among residents.
What are some fun things to do in Spearfish?
+
There are plenty of fun things to do in Spearfish, including taking a drive through Spearfish Canyon Scenic Byway, hiking and biking on the numerous trails, and visiting attractions like D.C. Booth Historic National Fish Hatchery and Termesphere Gallery. You can also explore the downtown area and visit the Spearfish Arts Center or attend the South Dakota Chocolate Festival.
What is the food scene like in Spearfish?
+
The food scene in Spearfish is diverse and offers a range of options, from modern American cuisine at REDwater Kitchen to fresh seafood at Storming Crab and Dakota Seafood Fresh Market. You can also find great pizza at Dough Trader and steak at Deadwood Legends Steakhouse. Additionally, there are unique eateries like Antunez, which serves Peruvian and Mexican cuisine, and Berlin, which brings a slice of Europe to the heart of Spearfish. There are also plenty of great food trucks and local favorites like Leone's Creamery, which serves delicious ice cream.
What are the pros and cons of living in Spearfish?
+
The pros of living in Spearfish include its beautiful natural surroundings, outdoor recreational opportunities, and a growing food and arts scene. However, some cons include the limited job market, with jobs that pay enough to afford housing being hard to come by. Additionally, the city may have a smaller selection of amenities and services compared to larger cities. Overall, Spearfish is a great place to live for those who value a close-knit community and easy access to nature, but may not be the best fit for those looking for a wide range of job opportunities or urban amenities.
Is Spearfish a good place to live?
+
Spearfish is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a growing arts and food scene. While it may have some limitations in terms of job opportunities and amenities, the city's natural beauty, friendly community, and relatively low cost of living make it an attractive option for many people. Ultimately, whether Spearfish is a good place to live depends on your individual priorities and preferences, but it is definitely worth considering for those looking for a unique and charming place to call home.
Spearfish SD Real Estate & City Facts
Key facts and real estate information about Spearfish SD.
What are some of the best neighborhoods to live in Spearfish?
+
Some of the best neighborhoods to live in Spearfish include Hillsview, which is a peaceful and family-friendly neighborhood known for its clean environment and beautiful views. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the northeast regions. Additionally, neighborhoods like Belle Fourche are also popular among residents.
What are some fun things to do in Spearfish?
+
There are plenty of fun things to do in Spearfish, including taking a drive through Spearfish Canyon Scenic Byway, hiking and biking on the numerous trails, and visiting attractions like D.C. Booth Historic National Fish Hatchery and Termesphere Gallery. You can also explore the downtown area and visit the Spearfish Arts Center or attend the South Dakota Chocolate Festival.
What is the food scene like in Spearfish?
+
The food scene in Spearfish is diverse and offers a range of options, from modern American cuisine at REDwater Kitchen to fresh seafood at Storming Crab and Dakota Seafood Fresh Market. You can also find great pizza at Dough Trader and steak at Deadwood Legends Steakhouse. Additionally, there are unique eateries like Antunez, which serves Peruvian and Mexican cuisine, and Berlin, which brings a slice of Europe to the heart of Spearfish. There are also plenty of great food trucks and local favorites like Leone's Creamery, which serves delicious ice cream.
What are the pros and cons of living in Spearfish?
+
The pros of living in Spearfish include its beautiful natural surroundings, outdoor recreational opportunities, and a growing food and arts scene. However, some cons include the limited job market, with jobs that pay enough to afford housing being hard to come by. Additionally, the city may have a smaller selection of amenities and services compared to larger cities. Overall, Spearfish is a great place to live for those who value a close-knit community and easy access to nature, but may not be the best fit for those looking for a wide range of job opportunities or urban amenities.
Is Spearfish a good place to live?
+
Spearfish is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a growing arts and food scene. While it may have some limitations in terms of job opportunities and amenities, the city's natural beauty, friendly community, and relatively low cost of living make it an attractive option for many people. Ultimately, whether Spearfish is a good place to live depends on your individual priorities and preferences, but it is definitely worth considering for those looking for a unique and charming place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Spearfish SD Commercial Property: $37,644
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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