Rapid City Retail Investment
For Sale
$9,060,000
1845 Haines Avenue Rapid, Rapid City, SD 57701
High-visibility retail property with national tenants and long-term leases.
Property Size121,440 SF
Lot Size9.03 Acres
Price / SF$74.60
Days on Market152
Property Features for 1845 Haines Avenue Rapid
General Information
Standard status
Active
Size
121,440 SF
Class
B
Total Parking Spaces
100
Lot size
9.03 Acres
Property subtype
Retail - Commercial/Other
Zoning
General Commercial - Retail
Building Details
Building Size
121,440 SF
Year Built
1987
Listing Agency:
RE/MAX
(605) 430-6246
Listed By:
Randy Olivier · License #SD15377
Source:
Remaxcommercial
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 24 at 3:10AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This is a 121,440 square foot retail property situated on 9.03 acres. The property is located just off Interstate 90 in Rapid City, South Dakota, offering high visibility. It features national tenants, including NAPA Auto Parts and Planet Fitness. The property has new 12-year NNN leases with renewal options. Recent capital improvements were completed between 2024 and 2025. Traffic counts exceed 35,000 vehicles per day. The property is located in the primary commercial corridor serving the Black Hills regional market and is offered at a 7.50% Year One cap rate, providing stable, long-term cash flow.
Key Highlights
- High‑visibility retail property located off Interstate 90.
- National tenants: NAPA Auto Parts & Planet Fitness.
- New 12‑year NNN leases with renewal options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility retail property with national tenants and long-term leases.
Where is this shopping center located?
The property is located at 1845 Haines Avenue Rapid Rapid City, SD.
What is the asking price?
The asking price for this property is $9,060,000.
What are key features of this property?
This property features: High‑visibility retail property located off Interstate 90.; National tenants: **NAPA Auto Parts & Planet Fitness.**; New 12‑year NNN leases with renewal options.
