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Creekside Office Building Investment Opportunity

2620 Jackson Blvd, Rapid City, SD 57702

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For Sale

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Well-located office building with high occupancy and investment potential.

Type:Office

Property size:

11,843 SF

Price / SF:

$126/SF

HighLights

Rare investment property in a highly desired location within the Creekside Professional office complex.
Well‑maintained building in excellent condition.
Four out of five suites are currently leased, providing immediate income.
Opportunity for owner occupancy of the vacant suite.
Prominent signage available on the monument sign.
Potential for seller financing for qualified buyers.

We can help!

Contact an agent

Chris Long

For Sale

Contact for pricing

Well-located office building with high occupancy and investment potential.

Type:Office

Property size:

11,843 SF

Price / SF:

$126/SF

Added:: Jul 8, 2025
Days on Market:: 363
Last Refresh:: May 12 at 11:55 pm

Property Features for 2620 Jackson Blvd

General Information

Standard status: Active
Size: 11,843 SF
Property subtype: Office

Building Details

Year Built: 1987

We can help!

Contact an agent

Chris Long

Listing office Keller Williams Realty Black Hills

Listing date Jul 8, 2025

Source Crexi

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

HighLights

Rare investment property in a highly desired location within the Creekside Professional office complex.
Well‑maintained building in excellent condition.
Four out of five suites are currently leased, providing immediate income.
Opportunity for owner occupancy of the vacant suite.
Prominent signage available on the monument sign.
Potential for seller financing for qualified buyers.

Overview

This professional office building, situated in the Creekside Professional office complex, features 5 individual suites. The facility is in excellent condition and well-maintained. The building has a history of high occupancy with many long-term tenants. The main level, encompassing 6,044 square feet, contains 3 occupied suites with tenants sharing a common area at the main entrance. The garden level, with 4,479 square feet, contains 2 suites, one of which is occupied and one vacant. Prominent signage is available on the monument sign at the corner of Jackson Blvd and Sheridan Lake Rd. This property presents an opportunity for an investor or an owner looking to occupy the vacant suite. The owner may consider seller financing for qualified buyers.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$177.6k	$15.00
− Vacancy	−$26.6k	−$2.25
EGI	$151.0k	$12.75
− OpEx	−$37.7k	−$3.19
NOI	$113.2k	$9.56

11,843 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,249 @ 7.0% cap · market cap 7.58%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.15M

$1.88M – $2.50M (±1% cap)

NOI $150,288 @ 7.0% cap · market cap 10.05%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Jackson Boulevard Dental ... Dental Office James L. Bockwoldt, ... Dental Office Meyer & Dana Orthodontics Dental Office Professional Insurors Insurance Agency Family Heritage Alliance Charitable Organization

Suggested Use

Location Insight

Map
Local Demand

City: Rapid City
County: Pennington
State: South Dakota
Longitude: -103.263517
Latitude: 44.0695645

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For sale
Office buildings
SD
Rapid City
57702
2620 Jackson Blvd

What type of property is this?

Office building - Well-located office building with high occupancy and investment potential.

Where is this office building located?

The property is located at 2620 Jackson Blvd Rapid City, SD.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Rare investment property in a highly desired location within the Creekside Professional office complex.; Well‑maintained building in excellent condition.; Four out of five suites are currently leased, providing immediate income.