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Remodeled Storefront with Walk-In Cooler

12300 W Hwy 44, Rapid City, SD 57702

For Sale
$549,000

A separate building adds leased space and three storage units with overhead doors.

Property SizeContact for details
Days on Market265

Property Features for 12300 W Hwy 44

General Information

Standard status Active
Property subtype Business Opportunity

Warehouse & Industrial

Cold Storage Yes
Cold Storage Area 175 SF
Cooler 175 SF
Self-Storage Units 3

Additional Details

Traffic Count 2,500 vehicles/day
Tenant in Place Yes
Property Use Retail

Building Details

Buildings 2
Tenancy Multi
Listing Agency: Keller Williams Realty Black Hills Rc
Listed By: Jeremy Kahler · License SD #1607
Source: Blackhillsbroker
Added: Feb 19 Changed: Nov 10 Last Checked: Nov 9 at 6:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Black Hills Rc

Rey
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Investment Insights

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The 2,136-square-foot storefront has undergone extensive interior and exterior work, including a new rubber roof, updated electrical and plumbing, LED lighting, fresh drywall and paint, and a sealed concrete floor. HVAC trunks have been replaced, and the ceiling has 20 inches of blown-in insulation. A 25-by-7-foot walk-in cooler has 10 access doors. The site also includes a 1,320-square-foot second building, with 450 square feet leased to a month-to-month tenant and three separate storage units. Each storage unit has a 10-foot overhead door.

The property is at 12300 W Hwy 44 in Rapid City, next to the Happy Tavern in Johnson Siding. The SD DOT 2024 ADT report records traffic of up to 2,500 vehicles per day. A gravel parking area surrounds the property. The sellers retained the covered front awning, and the former fuel system has been removed.

Key Highlights

  • 2,136‑square‑foot retail space with a 25‑by‑7‑foot walk‑in cooler and 10 access doors
  • Second building measures 1,320 square feet; 450 square feet is leased to a month‑to‑month tenant
  • Three separate storage units, each with a 10‑foot overhead door

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Spa & Massage Center Wine and Liquor Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2,500 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby
Balanced
Demand for This Use

Demographics for 57702, SD

33,162
Population
16,786
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
98%
High-School Grad
285.8 sq mi
ZIP Area
116
Density / Sq Mi
$85,700
Median Household Income
$44,214
Median Earnings
$1,209
Median Rent
$341,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - A separate building adds leased space and three storage units with overhead doors.
Where is this storefront property located?
The property is located at 12300 W Hwy 44 Rapid City, SD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,136‑square‑foot retail space with a 25‑by‑7‑foot walk‑in cooler and 10 access doors; Second building measures 1,320 square feet; 450 square feet is leased to a month‑to‑month tenant; Three separate storage units, each with a 10‑foot overhead door
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