Retail Suite with Open
1575 N Lacrosse St, Rapid City, SD 57701
For Sale
Contact for pricing
A divided suite pairs customer-facing retail area with dedicated office and storage space.
Property Size1,250 SF
Price / SF$1.60
Days on Market20
Property Features for 1575 N Lacrosse St
General Information
Standard status
Size
Listing Agency:
ASCEND REALTY INC.
Listed By:
MICHAEL FRYBARGER · License SD #15164
(605) 786-8679
Source:
Exprealty
Added: Oct 22
Changed: Nov 9
Last Checked: Nov 8 at 6:57AM
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 ASCEND REALTY INC.
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Investment Insights
Based on property information with market context.
Ascend Plaza offers a 1,250-square-foot retail suite at 1575 N Lacrosse St in Rapid City. The floor plan includes 825 square feet of open retail area and 425 square feet designated for office or storage use.
The property is near I-90, Rushmore Crossing, Chick-fil-A, Chipotle, and Panda Express. Smoke shops, salons, and restaurants are not permitted.
The property is near I-90, Rushmore Crossing, Chick-fil-A, Chipotle, and Panda Express. Smoke shops, salons, and restaurants are not permitted.
Key Highlights
- 1,250‑square‑foot suite with 825 square feet of retail area and 425 square feet for office or storage
- Near I‑90 and Rushmore Crossing
- Close to Chick‑fil‑A, Chipotle, and Panda Express
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,490
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,800
$289.8K
Cap Rate 7%
$207,000
$207.0K
Cap Rate 9%
$161,000
$161.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$22.5K $18.00/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$20.7K $16.56/SF
− OpEx
−$6.2K −$4.97/SF
NOI
$14.5K $11.59/SF
Area
Pennington County, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,800
Cap Rate 7%
$207,000
Cap Rate 9%
$161,000
Alternative Uses
Best Use
Retail
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
388k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Dining 22%
Shops & Services 6%
Hotels & Casinos 5%
Walmart
Superstores
135,036 visits/mo
0.3 miles
Sam's Club
Superstores
120,126 visits/mo
0.5 miles
Texas Roadhouse
Dining
35,737 visits/mo
0.5 miles
Golden Corral
Dining
23,914 visits/mo
0.3 miles
Burger King
Dining
9,541 visits/mo
0.4 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A divided suite pairs customer-facing retail area with dedicated office and storage space.
Where is this retail space located?
The property is located at 1575 N Lacrosse St Rapid City, SD.
What are key features of this property?
This property features: 1,250‑square‑foot suite with 825 square feet of retail area and 425 square feet for office or storage; Near I‑90 and Rushmore Crossing; Close to Chick‑fil‑A, Chipotle, and Panda Express
