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    Rapid City, SD

    Rapid City, SD Commercial Real Estate for Sale

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    Aberdeen, SD Summerset, SD Box Elder, SD Piedmont, SD Black Hawk, SD Keystone, SD Nemo, SD Sturgis, SD
    80 properties
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    Commercial Land Parcel
    Updated: Sep 11
    Commercial Land Parcel

    3429 W RAPID, Rapid City, SD 57701

    $139,000
    General commercial building lot
    West‑side Rapid City location
    3429 W RAPID, Rapid City, SD 57701
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    General Commercial Land
    Updated: Aug 20
    General Commercial Land

    530 E NORTH, Rapid City, SD 57701

    $89,900
    General Commercial zoning
    Potential retail, coffee, service, and hospitality uses subject to City of Rapid City approval
    Located at 530 E NORTH, Rapid City, SD 57701
    Surrounded by motels, pizza restaurants, gas stations, and other established commercial businesses
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    Commercial Corner Lot
    Commercial Corner Lot

    Outfitter Road, Rapid City, SD 57701

    $539,000
    1.77 AC lot

    Corner land parcel with a completed parking lot across half of the site and nearby retail and restaurant operators.

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    See hot listings in Rapid City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Flex Space with Secure Yard
    Flex Space with Secure Yard

    1711 Centre St, Rapid City, SD 57703

    $2,200,000
    6,638 sqft 4.37 AC lot

    Light Industrial property combines renovated administrative areas with heated shop space and a partially fenced gravel yard.

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    Corner Commercial Land
    Corner Commercial Land

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    General Commercial zoning supports retail, restaurant, office, and service-oriented development.

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    Industrial Land with Truck Access
    Industrial Land with Truck Access

    Old Folsom Road, Rapid City, SD 57701

    $410,000
    13.32 AC lot

    Development parcel adjoining an active industrial project in Rapid City.

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    Mixed-Use Property with Drive-Through
    Mixed-Use Property with Drive-Through

    5955 Mount Rushmore Rd, Rapid City, SD 57701

    $2,490,000
    12,328 sqft

    Four established local tenants occupy the building, with additional office, warehouse, and customer-facing space available.

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    Two-Level Professional Office Building
    Two-Level Professional Office Building

    924 Quincy St, Rapid City, SD 57701

    $625,000
    4,888 sqft

    Two-level office property with private offices, conference space, kitchen, storage, and on-site parking.

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    Two-Building Retail Strip Center
    Two-Building Retail Strip Center

    1325 Eglin St, Rapid City, SD 57701

    $4,500,000
    10,599 sqft 1.82 AC lot

    Retail property with two separate buildings and prominent placement at a major shopping center.

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    Flex Space with Overhead Doors
    Flex Space with Overhead Doors

    502 Herman St, Rapid City, SD 57701

    $985,000
    8,960 sqft

    Existing office area, secured outdoor space, and adaptable industrial functionality support a range of commercial operations.

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    Single-Tenant NNN Day Care Facility
    Single-Tenant NNN Day Care Facility

    1620 Concourse Court, Rapid City, SD 57703

    $900,000
    4,920 sqft 0.80 AC lot

    Fully leased day care building with five care rooms, fenced outdoor play areas, and a true NNN lease structure.

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    Flex Space with Loading Dock
    Flex Space with Loading Dock

    3104 W Saint Louis St, Rapid City, SD 57702

    $795,000
    6,733 sqft

    Showroom and office areas complement a heated warehouse, with additional upstairs workspace and a loading dock.

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    Office Building with Parking
    Office Building with Parking

    550 N 5TH ST, Rapid City, SD 57701

    $1,700,000
    13,232 sqft

    Office building offers 58 suites, 2 conference rooms, and 60 onsite parking spaces, with monitored security and alarms.

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    Brick Theater Building
    Brick Theater Building

    715 Kansas City, Rapid City, SD 57701

    $899,900
    9,936 sqft

    Stage, tiered mezzanine seating, kitchen, offices, and storage support varied venue operations.

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    Multi-Tenant Flex Business Park
    Multi-Tenant Flex Business Park

    5626 FARGO LN, Rapid City, SD 57701

    $3,149,000
    17,400 sqft

    Conventional construction, heated zero-entry entrances, rear access, and separate utility metering support practical commercial operations.

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    Retail Storefront Property
    Retail Storefront Property

    826 Main St, Rapid City, SD 57701

    $1,900,000
    12,300 sqft

    For-sale storefront retail property in Pennington County, offered with a stated size of 12,300.

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    Historic Two-Story Office Building
    Historic Two-Story Office Building

    728 6th St, Rapid City, SD 57701

    $699,000
    5,896 sqft

    Two-story office building with original wood finishes, leaded-glass transom windows, and an unfinished basement for storage.

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    Creekside Office Building Investment Opportunity
    Creekside Office Building Investment Opportunity

    2620 Jackson Boulevard, Rapid City, SD 57702

    $1,425,000
    11,843 sqft

    Well-located office building with high occupancy and investment potential.

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    Industrial Property with Heated Warehouses
    Industrial Property with Heated Warehouses

    2130 DYESS AVE, Rapid City, SD 57701

    $2,475,000
    17,676 sqft 16.66 AC lot

    Seven insulated warehouse buildings sit across adjoining parcels in a heavy industrial district.

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    Multi-Level Office Building
    Multi-Level Office Building

    328 E New York St, Rapid City, SD 57701

    $375,000
    3,102 sqft

    Office property with multiple suites, private offices, storage areas, reception space, and on-site parking.

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    Multi-Use Downtown Commercial Building
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft

    Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

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    Rapid City Warehouses on Cambell
    Rapid City Warehouses on Cambell

    3418 Cambell St, Rapid City, SD 57701

    $975,000
    10,840 sqft 2.22 AC lot

    Two warehouses totaling 10,840 SF on 2.22 acres.

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    Auto Service Shop With Warehouse
    Auto Service Shop With Warehouse

    1811 Deadwood Avenue, Rapid City, SD 57702

    $1,499,000
    1.97 AC lot

    Automotive commercial facility with customer-facing offices, heavy-service capacity, and separate covered storage.

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    Flex Space with Heated Shop
    Flex Space with Heated Shop

    504 E North, Rapid City, SD 57701

    $360,000
    1,809 sqft

    A private office and restroom accompany the heated shop and secure outdoor storage area.

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    Rapid City, SD Commercial Real Estate Market Trends and Statistics

    Explore 80 commercial real estate for sale in Rapid City, SD, showcased through 80 active listings on our real estate platform. These investment opportunities span a total of 474,583 square feet of properties for sale, with an estimated market value of $79,573,994.

    Sale prices for business properties in Rapid City, SD start at $69,900, averaging $1,348,711, and reaching up to $9,060,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Rapid City, SD CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    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
    57703 $611K
    57702 $816.6K
    57701 $1.6M

    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%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Pennington County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Rapid City fall within the 25,000 to 50,000 square foot range.

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