920 1st Street Sturgis South Dakota
920 1st Street : Sturgis, SD 57785
Meade County, South Dakota
Land Description
Prime downtown Sturgis mixed-use building featuring 4 spacious residential apartments above a versatile ground-floor commercial etail space. Ideal for owner occupants seeking a live-work setup or investors looking for strong cash flow from duel income streams. There have been recent renovations to the whole property and the added Sturgis Motorcycle Rally income makes for a unique investment opportunity.
Land
Downtown lot with frontage and prime Rally space.
Improvements
Updates to flooring, fixtures, bathrooms and kitchens. Front of exterior was painted recently and siding for the back portion is on site but has not been installed yet.
General Operations
The lower level is leased to a beauty salon for $1250 a month. There are two 2 bedroom, 2 bath apartments leased at $1050 and $1100 per month. There is a 2 bed, 1 bath and a 1 bed, 1 bath that receive a combined $1650 a month. A garage in back gets $200 a month and Rally net income in 2025 was $18,000.
Region & Climate
Sturgis, South Dakota, boasts a vibrant regional identity tied to its rugged, pine-covered mountains and open prairies. The Black Hills, a sacred and scenic range, shape the area's culture with Deadwood, Mount Rushmore and Custer State Park nearby drawing outdoor enthusiasts year round. Sturgis is world famous for its annual Motorcycle Rally, a massive event every August. The climate has a little bit of everything, spring and falls are crisp with temps in the 50-70S F, perfect for hiking and exploring. Sturgis sees about 18 inches of rain yearly.
History
This prime commercial esidential building sits just one block off the iconic Main Street in historic downtown Sturgis, South Dakota. Perfectly positioned to catch the daily foot traffic and seasonal energy of the Black Hills. Built in 1996, this piece of real estate is nicely renovated and provides not only monthly income year round, but extra Rally business opportunities.
Directions to Land
From the corner of 1st St. and Lazelle St, go south 1/2 block. Building is located across from the Knuckle Saloon.
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