Rapid City, SD Assisted Living Facilities for Sale

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Box Elder, SD Summerset, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD

Updated: Mar 25

Rapid City Assisted Living Facility

1321 Columbus Street, Rapid City, SD 57701

$5,000,000

21,895 sqft 1.64 AC lot

Well‑designed single‑story facility with 48 identical beds and in‑suite bathrooms.
Located in Rapid City, the second most populous city in South Dakota.
Sits on 1.64 acres with area for expansion.
Three‑wing facility centered by common area, dining, and kitchen.
Onsite amenities include laundry and a hair salon.

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This listing looks promising.

Here's a quick look at some key insights for

1321 Columbus Street, Rapid City, SD, 57701

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Est. Cap Rate

3.1%
NOI ÷ price
Est. NOI

$155K
Annual
Price @ 7% Cap

$2.22M
Suggested
Property Type

Homes
Built 1997

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Updated: Mar 25

Assisted Living Facility For Sale

409 East Fairlane Drive, Rapid City, SD 57701

$1,500,000

44,150 sqft 1.91 AC lot

Set up as an assisted living facility with 64 beds, offering immediate operational potential.
Four separate buildings on 3 acres allow for diverse patient populations and potential expansion.
Multiple amenities including community living spaces, activity rooms, hair salon, and laundry facilities.
Located in Rapid City, the second most populous city in South Dakota.
Designed with a mix of single and dual‑occupancy bed options.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 2 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 13 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

12-Bed Assisted Living Facility

7465 W 69th Place, Arvada, CO 80003

$1,649,000

2,600 sqft

One-level residential care property with an established operation, experienced staff, and recent building improvements.

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Reconstructed Commercial Building Near Olde Town

5370 Carr St, Arvada, CO 80002

$1,275,000

0.46 AC lot

Operating adult day care center near Olde Town Arvada.

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Versatile Property with Assisted Living Potential

55 Pauma Valley Dr, Colorado Springs, CO 80921

$975,000

Spacious property zoned for mixed-use, senior housing, or bed & breakfast.

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Senior Assisted Living Facility

1335 Darby Street, Colorado Springs, CO 87501

Contact for pricing

Small senior rest home with two wings, private resident rooms, shared bathrooms, and a covered back deck.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land in Growing Corridor

830 N 200 W, Logan, UT 84321

$500,000

Commercial property with growth potential in downtown Logan.

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Commercial Land with Infrastructure

CAMINO LA TIERRA, Santa Fe, NM 87506

$2,100,000

12.10 AC lot

County-jurisdiction site with access to sewer, water, natural gas, and public electric.

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Development Land in Wisconsin Dells

507 Clara Avenue lot: 3 & 4, Wisconsin Dells, WI 53965

$469,900

5.94 AC lot

5.94 acres of wooded land with development potential.

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Osage Beach Vacant Land

Parkside Village Court, Osage Beach, MO 65065

$850,000

10.16 AC lot

Vacant land ideal for development in Osage Beach, Missouri.

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Off-Market Properties in Rapid City, SD

Consider similar Off-Market properties in Rapid City, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOMES (RETIRED, NURSING)

301 Fox Run Dr, Rapid City, SD 57701-2313

Value Estimation by Request

13,311 sqft 1.10 AC lot

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HOMES (RETIRED, NURSING)

4110 Winfield Ct, Rapid City, SD 57701-8306

Value Estimation by Request

6,912 sqft 0.67 AC lot

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HOMES (RETIRED, NURSING)

2303 Michigan Ave, Rapid City, SD 57701-5655

Value Estimation by Request

4,872 sqft 0.56 AC lot

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HOMES (RETIRED, NURSING)

314 Wright St, Rapid City, SD 57701-0619

Value Estimation by Request

5,200 sqft 0.53 AC lot

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HOMES (RETIRED, NURSING)

2000 Wesleyan Blvd, Rapid City, SD 57702-9340

$905,000

Estimated value

48,786 sqft 5.00 AC lot

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HOMES (RETIRED, NURSING)

302 Saint Cloud St, Rapid City, SD 57701-3767

Value Estimation by Request

11,416 sqft 5.14 AC lot

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HOMES (RETIRED, NURSING)

410 Neel St, Rapid City, SD 57703-6880

Value Estimation by Request

5,644 sqft 1.11 AC lot

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HOMES (RETIRED, NURSING)

916 Mtn Vw Rd, Rapid City, SD 57702-2521

Value Estimation by Request

17,847 sqft 1.14 AC lot

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HOMES (RETIRED, NURSING)

224 Elk St, Rapid City, SD 57701-7359

Value Estimation by Request

12,326 sqft 4.90 AC lot

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HOMES (RETIRED, NURSING)

1321 Columbus St, Rapid City, SD 57701-2538

Value Estimation by Request

5,693 sqft 1.64 AC lot

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HOMES (RETIRED, NURSING)

2500 Arrowhead Dr, Rapid City, SD 57702-4225

$590,000

Estimated value

21,099 sqft 5.92 AC lot

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HOMES (RETIRED, NURSING)

4120 Winfield St, Rapid City, SD 57701-8306

Value Estimation by Request

6,912 sqft 0.75 AC lot

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HOMES (RETIRED, NURSING)

820 Ee Blvd, Rapid City, SD 57701-3861

Value Estimation by Request

2,100 sqft 0.95 AC lot

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Rapid City, SD Assisted Living Facilities Market Trends and Statistics

Explore 15 assisted living facilities for sale in Rapid City, SD on our real estate platform. These investment opportunities span a total of 66,045 square feet of properties for sale, with an estimated market value of $6,500,000.

Sale prices for assisted living facilities in Rapid City, SD start at $1,500,000, averaging $3,250,000, and reaching up to $5,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 99K

Population Growth (5Y) +3.2%

Median Household Income $70,356

College Educated 33.1%

High-Yield Neighborhoods for Investment

Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
57701	$3.3M

Taxes & Financing

Tax Rate (average for all types) 1.36%

Property Tax per SF $31.57 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pennington County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Rapid City fall within the 10,000 to 25,000 square foot range.

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Rapid City, SD Assisted Living Facilities for Sale

1321 Columbus Street, Rapid City, SD 57701

409 East Fairlane Drive, Rapid City, SD 57701