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Versatile Flex Building for Lease

1802 Elm Ave, Rapid City, SD

For Lease
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1,440 SF flex building with additional 240 SF space.

Space Size1,680 SF
Lot Size0.48 Acres
Days on Market912

Property Features for 1802 Elm Ave

General Information

Standard status Active
Size 1,680 SF
Lot size 0.48 Acres
Property subtype OFFICE

Spaces For Lease

at 1802 Elm Ave
1802 Elm Ave $16.07/SF/Yr
Size 1,680 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease Yes
1,440 SF flex building, ideal for office or retail user, and a separate 240 SF space available for lease. Current office layout could easily be demolished, opening up the space for multiple uses - fitness, therapy, boutique. In addition to the flex building, there is a small 240 SF building at the northeast corner of the lot that is fully functional as a small office or storage - possible to sublease to a partnering business. Fully fenced outside storage area behind the building. Plenty of parking and large signage visible from St Pat & Elm Ave. Zoned Neighborhood Commercial District. (Lease for $2,250.00/Month Gross.)
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Listing Agency: KW Black Hills
Listed By: Gina Plooster · License SD #16979
Source: Moodyscre
Added: May 13, 2024 Changed: Oct 26 Last Checked: Nov 8 at 5:39AM

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 KW Black Hills

Rey
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Investment Insights

Based on property information with market context.

A 1,440 square foot flex building is available for lease, suitable for office or retail use. The current office layout can be modified to accommodate various uses such as fitness, therapy, or a boutique. Additionally, a separate 240 square foot building on the northeast corner of the lot is functional as a small office or storage space, offering potential subleasing opportunities. The property includes a fully fenced outside storage area behind the building. Ample parking is available, and large signage provides visibility from St Pat and Elm Avenue. The property is zoned Neighborhood Commercial District.

Key Highlights

  • 1,440 SF flex building suitable for office or retail use.
  • Separate 240 SF building ideal for office, storage, or sublease.
  • High visibility with large signage on St Pat & Elm Ave.**

Property Analytics

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

Current Use

All Weather Roofing Roofing Company

Suggested Use

Top Pick Restaurant Building Supply Dental Office Auto Parts Store Pharmacy Real Estate Agency

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

NNN (Triple Net)
Lease Type
$2.41 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

319
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Office unit - 1,440 SF flex building with additional 240 SF space.
Where is this office unit located?
The property is located at 1802 Elm Ave Rapid City, SD.
What is the lease rate?
The lease rate is $16.07 SF/Yr.
What are key features of this property?
This property features: 1,440 SF flex building suitable for office or retail use.; Separate 240 SF building ideal for office, storage, or sublease.; High visibility with large signage on St Pat & Elm Ave.**
(605) 519-0749 Call to check price and availability
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