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Turnkey Restaurant Building with Parking
For Sale
$2,975,000

2315 MT RUSHMORE RD, Rapid City, SD 57701

Turnkey full-service restaurant building with commercial kitchen, bar, dining, bakery production, and paved parking.

Property SizeContact for details
Days on Market98

Property Features for 2315 MT RUSHMORE RD

General Information

Standard status Active
Property subtype Commercial
Listing Agency: Joyner Fine Properties
Listed By: Bill Phillips · License #0225105604
Source: Sturgisrealestatecenter.idxbroker
Added: Jul 15 Changed: Oct 10 Last Checked: Oct 19 at 3:27AM

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 Joyner Fine Properties

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Investment Insights

Based on property information with market context.

Turnkey restaurant building offering a full-service setup with a commercial kitchen, bar, dining areas, bakery production space, mezzanine office and conference room, and storage. The sale includes the liquor license and FF&E; the operating business is not included. Built in 1955 and remodeled down to the studs in 2015, the property is offered as a ready-to-operate restaurant facility.

The 2.87-acre site includes 105 paved parking spaces and direct access from Mt Rushmore Rd. The property is zoned General Commercial and can be demised for multiple tenant suites, supporting flexible use and leasing options within the restaurant-oriented configuration.

As configured, the building supports restaurant operations with dedicated production, service, office/conference space, and supporting storage to accommodate day-to-day workflow.

Key Highlights

  • 11,085 SF turnkey restaurant building at 2315 Mt Rushmore Rd in Rapid City, SD
  • Includes liquor license and FF&E; operating business not included
  • Full‑service layout with commercial kitchen, bar, dining areas, bakery production space, and storage

Property Analytics

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Current Use

Colonial House Restaurant ... Restaurant

Suggested Use

Top Pick Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,360
Businesses Nearby
201k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 66% Groceries 17% Shops & Services 15% Hotels & Casinos 2%
McDonald's Dining
36,042 visits/mo 0.1 miles
Safeway Groceries
33,834 visits/mo 0.2 miles
Culver's Dining
19,487 visits/mo 0.1 miles
Starbucks Dining
17,048 visits/mo 0.4 miles
Exxon Shops & Services
16,319 visits/mo 0.2 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey full-service restaurant building with commercial kitchen, bar, dining, bakery production, and paved parking.
Where is this conventional restaurant located?
The property is located at 2315 MT RUSHMORE RD Rapid City, SD.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 11,085 SF turnkey restaurant building at 2315 Mt Rushmore Rd in Rapid City, SD; Includes liquor license and FF&E; operating business not included; Full‑service layout with commercial kitchen, bar, dining areas, bakery production space, and storage
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