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Versatile Flex Building for Lease
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1802 Elm Ave, Rapid City, SD

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

Space Size1,680 SF
Lot Size0.48 Acres
Days on Market821

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 Contact us

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...
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Listing Agency: KW Black Hills
Listed By: Gina Plooster
Source: Moodyscre
Added: May 13, 2024 Changed: Aug 9 Last Checked: Aug 10 at 3:38AM

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

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

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

250
Businesses Nearby

Market

Lease Benchmarks for Rapid City, SD

$30.53 /SF/Yr
Avg Asking Price
$10–$88.62 /SF/Yr
Price Range
6,855 SF
Avg Space Size

This space is priced 47% below the average of $30.53 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - 1,440 SF flex building with additional 240 SF space.
Where is this office units 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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