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1830 N Main St

18,216 SF Retail Building Spearfish, SD 57783 £1,262,400 (£69/SF)

Executive Summary

Northern Hills Cinema, located at 1830 N Main Street in Spearfish, South Dakota, is a rare opportunity to own a fully operational movie theater in one of the city's busiest and most visible locations. Priced at $1,600,000, this well-established entertainment complex spans 18,216 square feet on a 2.208-acre lot and has been a cornerstone of the community for over 46 years. This DOES NOT include the small building on Ryan Road. The property features six theaters with seating capacities ranging from 97 to 250 seats, offering a combined total of 893 seats. The building is thoughtfully designed with a central concessions area, ticket booth, and four restrooms, making it ideal for high-volume operations. Over the past five years, the projectors have been upgraded, ensuring modern viewing experiences.
The location boasts high traffic and visibility, surrounded by popular destinations including Burger King, McDonald's, City Brew, Qdoba, Spearfish High School, and Spearfish Middle School. With a large blacktop parking lot and easy public access, the property is conveniently situated to attract a steady flow of patrons. The building, constructed with a frame and metal design and finished with Dryvit siding, is heated with natural gas and cooled with a central refrigerated air system, ensuring comfort year-round.
This sale includes the business, building, and land, with the current owner offering 1-2 weeks of training to ensure a smooth transition for the buyer. With an annual property tax of $25,029.46, the theater is ready for a new owner to continue its legacy or transform it for new opportunities. For more details or to schedule a showing, contact Rick Tysdal at CENTURY 21 Spearfish Realty at 605-641-1030.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
18,216 SF
Building Class
C
Year Built
1978
Price
£1,262,400
Price Per SF
£69
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
2.26 AC
Zoning
Na-Dc - Commercial
Parking
43 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
164 ft on East Utah Boulevard
  • Listing ID: 34053874

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 1830 N Main St, Spearfish, SD 57783

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