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    401 3Rd St Rapid City, SD 57701

    For Lease
    $1.00 SF/Yr ($793 /Mo)

    Business/Land/Building(s) - Rapid City, SD

    Property size:
    9,520 SF
    Lot size:
    0.88 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 401 3Rd St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    9,520 SF
    Lot size
    0.88 Acres

    Building Details

    Year built
    1971
    Floors in Building
    1
    Architectural style
    Other

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

    Listing agent Christopher Long (605) 343-7500

    Listing date Nov 21, 2025

    MLS# 86741 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

    Downtown Rapid City Cold Storage

    This freestanding cold storage building is located in Downtown Rapid City, near 3rd and Omaha St. The 9,520 square feet warehouse is ideal for large inventory storage. It is situated one block from lighted intersections at Omaha St & Main St. The property is located at 401 3rd Street, Rapid City, SD 57701 and has a lot size of 0.88 acres. The building has no heating or plumbing and is suitable for business, land, and building purposes.
    Location Intelligence

    Current Use by Public Records

    Kato Studios Artist Davanzo Medical Group Medical Group Nichole Rose Photography Photography Studio C CLEAN CORP House Cleaning Service Confirmed Portable Toilet ... Portable Toilet Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.221579
    Latitude
    44.080588

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    FAQs

    What type of property is this?
    Warehouse - 9,520 SF cold storage warehouse in downtown Rapid City.
    Where is this warehouse located?
    The property is located at 401 3Rd St Rapid City, SD.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding cold storage building, ideal for large inventory storage.; - Located in Downtown Rapid City, near 3rd and Omaha St.; - 9,520 square feet warehouse space.
    (605) 343-7500
    Request Owner's contact information
    401 3Rd 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
    401 3Rd St Rapid City, SD 57701
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