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Commercial Property with Residence
For Sale
$650,000

157 E North Main St, Rapid City, SD 57701

Two commercially zoned buildings share a parcel, with on-site parking and a separate updated home.

Property Size10,256 SF
Price / SF$63.38
Days on Market138

Property Features for 157 E North Main St

General Information

Standard status Active
Size 10,256 SF
Total Parking Spaces 11
Property subtype Commercial
Zoning General Commercial

Building Details

Building Size 10,256 SF
Units 2
Listing Agency: Sun Real Estate
Listed By: Marnie Muffat · License #17978
Source: Blackhillsbroker
Added: Jun 22 Changed: Nov 6 Last Checked: Nov 5 at 9:22PM

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

Rey
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Investment Insights

Based on property information with market context.

The 0.38-acre property contains two buildings under General Commercial zoning. The principal commercial building totals 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.

On-site parking includes 15+ spaces, with additional street parking also available. The residence is commercially zoned, and the property combines commercial space with a separate residential building.

Key Highlights

  • 8,464‑square‑foot commercial building leased to long‑term tenants
  • Separate 1,792‑square‑foot updated residence with 3 bedrooms and 2 bathrooms
  • Residence includes a full basement and 1‑car garage

Property Analytics

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

Current Use

Body Positive Exercise ... Gym & Fitness Center 605 GRIT FITNESS Gym & Fitness Center

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

634
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercially zoned buildings share a parcel, with on-site parking and a separate updated home.
Where is this mixed-use property located?
The property is located at 157 E North Main St Rapid City, SD.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8,464‑square‑foot commercial building leased to long‑term tenants; Separate 1,792‑square‑foot updated residence with 3 bedrooms and 2 bathrooms; Residence includes a full basement and 1‑car garage
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