Freestanding Former Hardee’s
For Sale
Contact for pricing
2250 Haines Avenue, Rapid City, SD 57701
Commercial-corridor site includes on-site parking, convenient access, and a pylon sign.
Property Size4,391 SF
Lot Size1.51 Acres
Price / SF$284.67
Days on Market55
Property Features for 2250 Haines Avenue
General Information
Standard status
Active
Size
4,391 SF
Lot size
1.51 Acres
Property subtype
Retail
Additional Details
Pylon Signage
Yes
Building Details
Year Built
1991
Buildings
1
Stories
1
Listing Agency:
Duemelands Commercial Real Estate
Listed By:
Jill Duemeland · License #ND 7141
(701) 221-2222
Source:
Crexi
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 19 at 5:52AM
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 Duemelands Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property contains 4,391 square feet on a 1.51-acre site and was constructed in 1991. The building formerly operated as a Hardee’s, offering an existing restaurant-oriented layout for continued food-service use or repositioning.
The property is located at 2250 Haines Avenue in Rapid City, South Dakota, along a commercial corridor with established retail, restaurant, and service businesses nearby. Site access is convenient, and on-site parking and a pylon sign support customer arrival and property identification.
The property is located at 2250 Haines Avenue in Rapid City, South Dakota, along a commercial corridor with established retail, restaurant, and service businesses nearby. Site access is convenient, and on-site parking and a pylon sign support customer arrival and property identification.
Key Highlights
- 4,391 SF freestanding former Hardee’s restaurant building
- 1.51‑acre site in Rapid City, SD
- Constructed in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,722
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,440
$1.1M
Cap Rate 7%
$796,029
$796.0K
Cap Rate 9%
$619,133
$619.1K
Market Conditions
NOI Build-Up for 4,391 SF
Gross rent
$79.0K $18.00/SF
− Vacancy
−$4.7K −$1.08/SF
EGI
$74.3K $16.92/SF
− OpEx
−$18.6K −$4.23/SF
NOI
$55.7K $12.69/SF
Area
Pennington County, SD
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,440
Cap Rate 7%
$796,029
Cap Rate 9%
$619,133
Alternative Uses
Best Use
Specialty Retail
$796.0K
$696.5K – $928.7K
NOI $55,722 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
381k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 19%
Apparel 18%
Home Improvements & Furnishings 14%
Kohl's
Apparel
36,250 visits/mo
0.3 miles
Texas Roadhouse
Dining
35,737 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
32,711 visits/mo
0.2 miles
Best Buy
Electronics
31,336 visits/mo
0.0 miles
Olive Garden
Dining
29,972 visits/mo
0.3 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial-corridor site includes on-site parking, convenient access, and a pylon sign.
Where is this conventional restaurant located?
The property is located at 2250 Haines Avenue Rapid City, SD.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,391 SF freestanding former Hardee’s restaurant building; 1.51‑acre site in Rapid City, SD; Constructed in 1991
