Turnkey Restaurant Building with
2315 MT RUSHMORE RD Rapid City, SD 57701
2315 MT RUSHMORE RD, Rapid City, SD, 57701
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For Sale
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Turnkey full-service restaurant building with commercial kitchen, bar, dining, bakery production, and paved parking.
Property Size11,085 SF
Price / SF$297.70
Days on Market9
Property Features for 2315 MT RUSHMORE RD
General Information
- Standard status
- Active
- Size
- 11,085 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing agency
Keller Williams Realty Black Hills
(605) 939-4489
Listed by
Dan Logan · License #SD 20325
Source
Crexi
Added: Jul 13 Updated: Jul 21 at 8:13AM Checked: Jul 21 at 8:13AM
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 Keller Williams Realty Black Hills
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.5k | $18.00 |
| − Vacancy | −$12.0k | −$1.08 |
| EGI | $187.6k | $16.92 |
| − OpEx | −$46.9k | −$4.23 |
| NOI | $140.7k | $12.69 |
11,085 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,669 @ 7.0% cap · market cap 4.26%
Second Best
Industrial
$808.4K
$707.4K – $943.2K
NOI $56,590 @ 7.0% cap · market cap 1.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Colonial House Restaurant ...
Restaurant
Similar For Sale Nearby
FAQs
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 $3,300,000.
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
