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    Rapid City, SD
    Flex Space

    Rapid City, SD Flex Space for Sale

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    Aberdeen, SD Summerset, SD Box Elder, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD
    6 properties
    Flex Space with Secure Yard
    Updated: Aug 27
    Flex Space with Secure Yard

    1711 Centre St, Rapid City, SD 57703

    $2,200,000
    6,638 sqft 4.37 AC lot
    4.37‑acre property arranged as three separate plated parcels
    Light Industrial zoning
    Heated warehouse, shop, and garage areas
    Office areas, restrooms, and mezzanine breakroom renovated in early 2026
    Large gravel parking and staging area with partial fencing
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    Flex Space with Overhead Doors
    Updated: Jul 8
    Flex Space with Overhead Doors

    502 Herman St, Rapid City, SD 57701

    $985,000
    8,960 sqft
    8,960‑square‑foot flex‑space property
    Eight overhead doors, including two measuring 12x12
    Dedicated office area within the building
    Fenced area along the east side
    Currently used as a body shop
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    Renovated Mixed-Use Commercial Building
    Renovated Mixed-Use Commercial Building

    412 Oshkosh, Rapid City, SD 57701

    $3,000,000
    11,547 sqft

    Four businesses occupy a renovated commercial building with private, fenced parking.

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    See what stands out in Pennington County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    NOI available after sign in
    Local Demand available after sign in
    Multi-Tenant Flex Business Park
    Multi-Tenant Flex Business Park

    5626 Fargo Ln, Rapid City, SD

    $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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    Flex Space With Overhead Doors
    Flex Space With Overhead Doors

    753 Deadwood Ave, Rapid City, SD 57702

    Contact for pricing
    25,000 sqft 1.29 AC lot

    Multi-space commercial property offering storage areas and direct Deadwood Ave frontage.

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    Flex Space with Mezzanine
    Flex Space with Mezzanine

    4884 Ashland Rd, Rapid City, SD 57703

    Contact for pricing
    1.00 AC lot

    Shop, storage, and office-oriented living space support a range of business operations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 6 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Flexible Commercial Space
    Flexible Commercial Space

    2221 Lazelle St, Sturgis, SD 57785

    $599,000
    884 sqft

    Reception-oriented layout with office areas, a tiled main entry, restroom, and substantial asphalt parking.

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    Metal Shop Building with Development Land
    Metal Shop Building with Development Land

    2114 E Ida St, Sturgis, SD 57785

    $259,900
    1,800 sqft

    A 36x50 metal shop with heated finished area and 1/2 bath, plus room for additional development.

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    New Heated Flex Shop Unit
    New Heated Flex Shop Unit

    Rochford Road, Lead, SD 57754

    $269,000

    Individually metered, heated shop space includes a bathroom, floor drain, and finished interior surfaces.

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    New Heated Flex Space
    New Heated Flex Space

    Rochford Road, Lead, SD 57754

    $249,000

    Planned shop units offer insulated interiors, private utilities, and adaptable space for storage, recreation, or creative commercial uses.

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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.

    4451 Seger Dr
    Flex space

    4451 Seger Dr, Rapid City, SD 57701

    Value Estimation by Request
    4.68 AC lot
    View details

    Rapid City, SD Flex Space Market Trends and Statistics

    Explore 7 flex space for sale in Rapid City, SD, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 69,545 square feet of properties for sale, with an estimated market value of $9,334,000.

    Sale prices for business spaces in Rapid City, SD start at $985,000, averaging $2,333,500, and reaching up to $3,149,000 — 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

    Flex space 13
    Distribution centers 2

    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 $2M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Pennington County

    Residential Income

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    • 57703
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