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    29 Main St Rapid City, SD 57701

    For Sale
    $499,000

    CI Land w/Building - Rapid City, SD

    Property size:
    3,789 SF
    Lot size:
    0.32 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 29 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    High Visibility, Restrooms, Storage
    Exterior features
    Fenced Perimeter
    Fencing
    Fenced, Perimeter
    Basement Y/N
    1
    Size
    3,789 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas

    Building Details

    Year built
    1938
    Architectural style
    Other

    Keller Williams Realty Black Hills (605) 343-7500 [email protected]

    Listing agent Christopher Long (605) 343-7500

    Listing date Oct 27, 2025

    MLS# 86523 Listing URL

    Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Rapid City

    Located at the corner of Main Street and 1st Street in Rapid City's Innovation District, this property offers a blend of functionality and flexibility. The main building features 1,254 square feet of office space and 2,262 square feet of shop area. The office portion has a full basement, two open workrooms, and two restrooms, designed to support collaboration and an open office concept. The shop area includes four overhead doors, two service bays, two storage bays, and two restrooms, suitable for operations requiring flexibility and access. The property also includes a large fenced equipment yard, as well as on-street and on-site parking. An adjacent 273 square foot retail building, currently operated as a barber shop, is included in the offering and will be available for occupancy in early 2026. The total property size is 3,789 square feet on a 0.32-acre lot. This property presents an investment or owner-user opportunity in a growth area of Rapid City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rushmore Air Freight ... Transportation Service Rapid Delivery Inc Shipping Company Airport Air Freight Freight Forwarding Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Forget-Me-Not Floral, Victoria's Garden

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.21729742328
    Latitude
    44.079217

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    FAQs

    What type of property is this?
    Storefront property - Versatile property with office, shop space, and retail opportunity.
    Where is this storefront property located?
    The property is located at 29 Main St Rapid City, SD.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime location in Rapid City's Innovation District at the corner of Main Street and 1st Street.; - Versatile space with 1,254 sq ft of office space and 2,262 sq ft of shop area.; - Shop area features **four overhead doors, two service bays, and two storage bays.**
    (605) 343-7500
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    29 Main St Rapid City, SD 57701
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    Rapid City, SD 57701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29 Main St Rapid City, SD 57701
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