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Multi-Use Downtown Commercial Building

406 5th St, Rapid City, SD 57701

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For Sale

$1,399,900

Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

Property size:

13,197 SF

Price / SF:

$106/SF

HighLights

Multi‑tenant commercial property in downtown Rapid City on 5th St
Average traffic counts nearly 17,500 vehicles per day
Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage
Includes the existing operating business: liquor license, video lottery license, and restaurant/bar FF&E
Iconic tower has remained undeveloped, offering potential for adding new leasable square footage or a visible branding feature

We can help!

Contact an agent

TONY MARSHALL

Learn more

For Sale

$1,399,900

Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

Property size:

13,197 SF

Price / SF:

$106/SF

Added:: Apr 24, 2026
Days on Market:: 65
Last Refresh:: Jun 26 at 2:02 am

Property Features for 406 5th St

General Information

Standard status: Active
Size: 13,197 SF

We can help!

Contact an agent

TONY MARSHALL

Listing office CINC REALTY LLC

Listing date Apr 24, 2026

Source Exprealty

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 CINC REALTY LLC

HighLights

Multi‑tenant commercial property in downtown Rapid City on 5th St
Average traffic counts nearly 17,500 vehicles per day
Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage
Includes the existing operating business: liquor license, video lottery license, and restaurant/bar FF&E
Iconic tower has remained undeveloped, offering potential for adding new leasable square footage or a visible branding feature

Overview

This multi-tenant downtown commercial building offers flexible use across a broad range of existing and future concepts. The property is described as supporting restaurant/bar, retail, entertainment venue, indoor/outdoor multimedia event center, office, and additional uses that may include residential and storage. An iconic tower is also part of the asset; the tower has been recognized locally as an advertising beacon for more than 100 years and remains undeveloped, creating an opportunity to add new leasable space or incorporate a signature branding feature visible throughout downtown.

The property is located at 406 5th St in Rapid City, South Dakota, and the public remarks cite average traffic counts of nearly 17,500 vehicles per day, supporting visibility for retail-oriented and customer-facing operations.

In addition to the building itself, the operating business is noted as available and includes a liquor license, video lottery license, and restaurant/bar FF&E. For tenants, operators, and investors seeking a downtown footprint with adaptable unit configurations and the option to pursue multiple commercial directions, this property provides a practical platform to support restaurant/bar, retail, office, or entertainment-focused programming.

Location Intelligence

Current Use by Public Records

Aby's Rapid City Bar & Pub Black Hills Party ... Bar & Pub DrumSong Media IT Consulting Firm

Suggested Use

Similar Places Nearby

Windsor Block Bar — 627 St Joseph St, Rapid City, SD 57701
Blind Lion — 510 9th St, Rapid City, SD 57701
bb's natural — 724 St Joseph St, Rapid City, SD 57701
Independent Ale House — 625 St Joseph St, Rapid City, SD 57701
Murphy's Pub & Grill — 510 9th St, Rapid City, SD 57701

Location Insight

Map
Local Demand

City: Rapid City
County: Pennington
State: South Dakota
Longitude: -103.2246859
Latitude: 44.0814808

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For sale
Bars & Pubs
SD
Rapid City
57701
406 5th St

What type of property is this?

Bar & Pub - Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

Where is this bar & pub located?

The property is located at 406 5th St Rapid City, SD.

What is the asking price?

The asking price for this property is $1,399,900.

What are key features of this property?

This property features: Multi‑tenant commercial property in downtown Rapid City on 5th St; Average traffic counts nearly 17,500 vehicles per day; Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage