Multi-Use Downtown Commercial
For Sale
$1,399,900
406 5th St, Rapid City, SD 57701
Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.
Property Size13,197 SF
Price / SF$106.08
Days on Market118
Property Features for 406 5th St
General Information
Standard status
Active
Size
13,197 SF
Additional Details
Business Included
Yes
Traffic Count
17,500 vehicles/day
Liquor License
Yes
Building Details
Tenancy
Multi
Listing Agency:
CINC REALTY LLC
(605) 391-8669
Listed By:
TONY MARSHALL
(605) 391-8669
Source:
Exprealty
Added: Apr 24
Changed: Aug 17
Last Checked: Aug 19 at 11:27AM
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 CINC REALTY LLC
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
17,500 VPD
Traffic count
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
88k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Hotels & Casinos 32%
Dining 7%
Electronics 5%
Holiday Station Store
Shops & Services
24,071 visits/mo
0.4 miles
Holiday Inn Rapid City-Rushmore Plaza
Hotels & Casinos
17,162 visits/mo
0.5 miles
Wells Fargo
Shops & Services
7,068 visits/mo
0.5 miles
Hardee's
Dining
6,431 visits/mo
0.2 miles
The Rushmore Hotel & Suites, Bw Premier Collection
Hotels & Casinos
6,388 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market 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
Frequently Asked Questions
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
