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Mixed-Use Property with On-Site Residence
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157 W N Main St & 502 Maple Ave, Rapid City, SD 57701

Commercial zoning supports a two-building configuration with an existing lease and on-site parking.

Property Size10,256 SF
Lot Size0.38 Acres
Price / SF$87.27
Days on Market157

Property Features for 157 W N Main St & 502 Maple Ave

General Information

Standard status Active
Size 10,256 SF
Total Parking Spaces 20
Lot size 0.38 Acres
Property subtype Retail, Office, Industrial
Zoning General Commercial

Building Details

Buildings 2
Units 2
Tenancy Multi
Listing Agency: Sun Real Estate
Listed By: Marnie Muffat · License #17978
Source: Crexi
Added: Mar 28 Changed: Aug 30 Last Checked: Aug 30 at 2:20AM

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 Sun Real Estate

Investment Insights

Based on property information with market context.

This mixed-use holding includes two buildings on a 0.38-acre parcel under General Commercial zoning. The principal improvement contains 8,464 square feet and is leased to long-term tenants. A separate 1,792-square-foot residence has been updated and includes three bedrooms, two bathrooms, a full basement, and a one-car garage. The commercial zoning applied to the residence supports potential use for on-site living, office space, or additional income, subject to applicable zoning requirements.

Located at 157 W N Main St and 502 Maple Ave in Rapid City, the property provides an on-site parking lot with 15+ spaces, along with additional street parking. The two-building layout accommodates continued leasing, owner-user occupancy in the main building, or a live-work configuration.

Key Highlights

  • Two‑building mixed‑use property on a 0.38‑acre parcel
  • 8,464 sq ft commercial building leased to long‑term tenants
  • Updated 1,792 sq ft residence with 3 bedrooms and 2 bathrooms

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Dental Office Garden Center Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Locksmith

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

819
Businesses Nearby

Demographics for 57701, SD

46,258
Population
20,526
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
886
Density / Sq Mi
$52,733
Median Household Income
$34,971
Median Earnings
$892
Median Rent
$229,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning supports a two-building configuration with an existing lease and on-site parking.
Where is this mixed-use property located?
The property is located at 157 W N Main St & 502 Maple Ave Rapid City, SD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑building mixed‑use property on a 0.38‑acre parcel; 8,464 sq ft commercial building leased to long‑term tenants; Updated 1,792 sq ft residence with 3 bedrooms and 2 bathrooms
(605) 342-9112 Call to check price and availability
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