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    Rapid City, SD

    Rapid City, SD Commercial Real Estate for Sale

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    Multi-Use Downtown Commercial Building
    Updated: Apr 24
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft
    Multi‑tenant commercial property in downtown Rapid City on 5th St
    Average traffic counts nearly 17,500 vehicles per day
    Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage
    Includes the existing operating business: liquor license, video lottery license, and restaurant/bar FF&E
    Iconic tower has remained undeveloped, offering potential for adding new leasable square footage or a visible branding feature
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    This listing looks promising.

    Here's a quick look at some key insights for

    406 5th St, Rapid City, SD

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $126K
      Annual

    • Price @ 7% Cap

      $1.8M
      Above asking
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    Commercial Lot in Rapid City
    Updated: Apr 4
    Commercial Lot in Rapid City

    3429 W Rapid Street, Rapid City, SD 57701

    $150,000
    0.30 AC lot
    General commercial building lot.
    Located on Rapid City's thriving west side.
    High‑traffic corridor.
    Excellent visibility.
    Strong investment potential.
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    Corner Lot with Completed Parking
    Corner Lot with Completed Parking

    Outfitter Road, Rapid City, SD 57701

    $539,000
    1.77 AC lot

    Corner retail land site with completed parking on part of the lot and documented traffic counts.

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    Commercial Development Corner Lot
    Commercial Development Corner Lot

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    1.11-acre corner site with General Commercial zoning for retail, restaurant, office, or service development.

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    Turnkey Restaurant Building with Parking
    Turnkey Restaurant Building with Parking

    2315 MT RUSHMORE RD, Rapid City, SD 57701

    $3,300,000
    11,085 sqft

    Turnkey full-service restaurant building with commercial kitchen, bar, dining, bakery production, and paved parking.

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    Industrial Development Land
    Industrial Development Land

    Old Folsom Road, Rapid City, SD 57701

    $410,000
    13.32 AC lot

    Ready-to-develop industrial land with direct adjacency to a new Black Hills Industrial Center and strong truck access.

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    Office Building with Parking
    Office Building with Parking

    550 N FIFTH 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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    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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    Historic Two-Story Office Building
    Historic Two-Story Office Building

    728 6th St, Rapid City, SD 57701

    $735,000
    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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    Victorian-Style Corner Office Building
    Victorian-Style Corner Office Building

    730 South St, Rapid City, SD 57701

    $575,000
    3,752 sqft

    Victorian office building with three finished levels, dedicated staircase, and off-street parking.

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    Historic Office Building with Upstairs Suite
    Historic Office Building with Upstairs Suite

    1204 Mt Rushmore Rd, Rapid City, SD 57701

    $284,900
    1,440 sqft

    A 1,440 SF office building with main-level office and meeting space, plus an upstairs area with its own full bath.

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    Assisted Living Facility For Sale
    Assisted Living Facility For Sale

    409 East Fairlane Drive, Rapid City, SD 57701

    $1,500,000
    44,150 sqft 1.91 AC lot

    Assisted living facility with expansion potential in Rapid City, SD.

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    Retail Building Ready for Tenancy
    Retail Building Ready for Tenancy

    114 East Blvd N, Rapid City, SD 57701

    $342,500
    5,000 sqft

    Former Chris Supply building offers remodeled restrooms, updated security/fire alarm, and updated parking.

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    Improved Five-Bay Car Wash
    Improved Five-Bay Car Wash

    623 N Lacrosse, Rapid City, SD 57701

    $425,000
    3,000 sqft

    Recently improved, five-bay car wash property operating since 1986, supported by strong nearby roadway traffic counts.

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    Creekside Office Building Investment Opportunity
    Creekside Office Building Investment Opportunity

    2620 Jackson Blvd, Rapid City, SD 57702

    $1,495,000
    11,843 sqft

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

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    Rapid City Assisted Living Facility
    Rapid City Assisted Living Facility

    1321 Columbus Street, Rapid City, SD 57701

    $5,000,000
    21,895 sqft 1.64 AC lot

    48-bed assisted living facility in Rapid City, South Dakota.

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    Warehouse For Sale
    Warehouse For Sale

    2226 MARLIN DR, Rapid City, SD 57703

    $250,000
    1,350 sqft

    Warehouse property for sale in Pennington County, offering approximately 1,350 square feet of commercial space.

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    Rapid City Development Site For Sale
    Rapid City Development Site For Sale

    3222 Jaffa Garden Wy, Rapid City, SD 57703

    $610,000
    4.00 AC lot

    4-acre commercial/multifamily development site in established Orchard Meadows subdivision.

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    Versatile Commercial Property For Sale
    Versatile Commercial Property For Sale

    1202 East Saint Francis Street, Rapid City, SD 57701

    $1,185,000
    11,600 sqft 0.80 AC lot

    11,600 SF building with office and industrial space.

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    Rapid City Commercial Property
    Rapid City Commercial Property

    544 CENTURY RD, Rapid City, SD 57703

    $1,845,000
    15,874 sqft

    Commercial property available for sale in Rapid City, South Dakota.

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    Industrial Warehouse with Office Space
    Industrial Warehouse with Office Space

    940 Kennel Dr, Rapid City, SD 57703

    $1,575,000
    13,568 sqft 2.23 AC lot

    Industrial warehouse with multiple loading options, office build-out, and exterior storage for flexible manufacturing use.

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    Rapid City Retail Investment Property
    Rapid City Retail Investment Property

    1845 Haines Ave, Rapid City, SD 57701

    $9,060,000
    121,440 sqft 9.03 AC lot

    High-visibility retail property with national tenants and long-term leases.

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    Two-Story Office Building with Parking
    Two-Story Office Building with Parking

    330 KNOLLWOOD, Rapid City, SD 57701

    $1,185,000
    5,992 sqft

    5,992 SF office building with two levels, parking for 40-plus vehicles, and updated exterior improvements.

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    Rapid City Commercial Investment Opportunity
    Rapid City Commercial Investment Opportunity

    3610 Eglin St, Rapid City, SD 57703

    $710,000
    1.63 AC lot

    Shovel-ready 1.63-acre commercial lot in a dynamic growth area.

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    Rapid City, SD Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Rapid City, SD, showcased through 57 active listings on our real estate platform. These investment opportunities span a total of 331,507 square feet of properties for sale, with an estimated market value of $39,832,300.

    Sale prices for business properties in Rapid City, SD start at $250,000, averaging $2,096,436, 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.

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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
    57702 $850.6K
    57701 $1.3M
    57703 $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%

    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 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Rapid City, SD

    • 57701
    • 57703
    • 57702

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