Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rapid City Service Shop with Office Title is generated by Realmo AI

    29 Main Street, Rapid City, SD 57701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,516 SF service shop with office and secured yard.

    Type:IND, OFC, SCR
    Property size:
    3,516 SF
    Added:
    Mar 19, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 4:56 am

    Property Features for 29 Main Street

    General Information

    Standard status
    Active
    Size
    3,516 SF
    Property subtype
    IND, OFC, SCR

    Spaces For Lease

    at 29 Main Street Contact us

    We can help!

    Listing Contact
    Gina Plooster
    Gina Plooster

    Listing agent Gina Plooster License #SD 20325

    Listing office KW Commercial | Black Hills

    Listing date Mar 19, 2026

    Source Realnex

    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 KW Commercial | Black Hills

    HighLights

    • Prime downtown Rapid City location at the corner of Main Street and 1st Street.
    • Combination of shop (2,262 SF) and office space (1,254 SF) totaling 3,516 SF.
    • Secured fenced yard for outdoor vehicle or equipment storage.
    • Shop area features four overhead doors, two service bays, and two storage bays.
    • Office area includes two open workrooms and two restrooms.
    • Affordable lease rate of $3,500/month gross.

    Overview

    Located at the corner of Main Street and 1st Street in downtown Rapid City, this 3,516 square foot property is available for lease. It features 2,262 square feet of shop space and 1,254 square feet of office area, suitable for auto service, equipment repair, or contractor operations needing both workspace and administrative functions. The shop area includes four overhead doors, two service bays, and two storage bays, facilitating vehicle and equipment access. The office area provides two open workrooms and two restrooms. A basement beneath the office area offers additional storage. The property also has a fenced yard for secured outdoor vehicle or equipment storage, along with on-site and street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rushmore Air Freight ... Freight Service Rapid Delivery Inc Shipping Company Airport Air Freight Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Et-i-quette Catering Co — 521 7th St, Rapid City, SD 57701

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.2175515
    Latitude
    44.0791741

    Nearby Similar for Lease

    • $1.00 SF/Yr
      18,480 SF

      Rapid City Industrial Facility For Lease

      Industrial facility with warehouse, office, showroom, and secured yard.
      2340 Taggart Rd, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      3,400 SF

      Rapid City Office Space Available

      Flexible office suites near Mount Rushmore Road in Rapid City.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      12,080 SF

      Rapid City Industrial Warehouse For Lease

      12,080 SF warehouse on 2.73 acres available for lease.
      2720 E Hwy 44, Rapid City, SD 57703
      View Details
    • $1.00 SF/Yr
      720 SF

      Rapid City Medical Office Suite

      720 SF medical office suite in central Rapid City.
      2001 7th Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      1,600 SF

      Rapid City Office Space Available

      Flexible office space near Mount Rushmore Road in Rapid City.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      1,800 SF

      Rapid City Office Space Available

      Functional office space with private offices and reception area.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      7,200 SF

      Rapid City Industrial Space Available

      7,200 SF industrial space for lease in Rapid City, SD.
      3201 Beale Street, Rapid City, SD 57702
      View Details
    • $1.00 SF/Yr
      20,028 SF

      Freestanding Commercial Building on Haines Avenue

      Freestanding commercial building on a primary retail corridor.
      2130 Haines Avenue, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      1,920 SF

      Rapid City Industrial Shop Space

      Small-bay industrial shop space with quick access to I-90.
      3515 Seger Drive, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      6,000 SF

      Prime Rapid City Lease Opportunity

      High-traffic location suitable for retail, restaurant, or office.
      1002 W Main Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      3,000 SF

      Prime Rapid City Build-to-Suit Opportunity

      High-traffic Rapid City location for retail, office, or restaurant.
      1002 W Main Street, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      13,568 SF

      Industrial Warehouse Near Highway 44

      13,568 SF industrial warehouse with office space for lease.
      940 Kennel Dr, Rapid City, SD 57703
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,516 SF service shop with office and secured yard.
    Where is this flex space located?
    The property is located at 29 Main Street Rapid City, SD.
    What are key features of this property?
    This property features: Prime downtown Rapid City location at the corner of Main Street and 1st Street.; Combination of shop (2,262 SF) and office space (1,254 SF) totaling 3,516 SF.; Secured fenced yard for outdoor vehicle or equipment storage.
    (605) 519-0749
    We can help!
    Listing Contact
    Gina Plooster
    Gina Plooster
    Real Estate License ID: SD 20325
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29 Main Street, Rapid City, SD 57701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!