Assisted Living Facility For
For Sale
$1,500,000
409 East Fairlane Drive, Rapid City, SD 57701
Assisted living facility with expansion potential in Rapid City, SD.
Property Size44,150 SF
Lot Size1.91 Acres
Price / SF$33.98
Days on Market149
Property Features for 409 East Fairlane Drive
General Information
Standard status
Active
Size
44,150 SF
Lot size
1.91 Acres
Property subtype
Healthcare
Listing Agency:
(917) 280-6612
Listed By:
Chessa Pike
(917) 280-6612
Source:
Cbre
Added: Mar 25
Changed: Aug 17
Last Checked: Aug 19 at 6:44AM
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 Chessa Pike
Investment Insights
Based on property information with market context.
The property at 409 East Fairlane is currently operated as an assisted living facility, but it is suitable for multiple alternative uses. The property consists of four separate buildings on 3 acres, offering ample room for expansion. The independent building setup allows for various patient populations to co-locate within the facility. There are currently 64 beds available, comprised of 4 different floor plans. Most beds are single occupancy, with some dual-occupancy options. The property offers amenities such as community living space and common areas, activity and game rooms, a full-service hair salon, computer areas, laundry facilities, and a community clubhouse. The property is located in Rapid City, the second most populous city in South Dakota and the county seat of Pennington County. Rapid City is located on the Black Hills’ eastern slope. The property has a size of approximately 44,150 square feet and sits on approximately 1.91 acres.
Key Highlights
- Set up as an assisted living facility with 64 beds, offering immediate operational potential.
- Four separate buildings on 3 acres allow for diverse patient populations and potential expansion.
- Multiple amenities including community living spaces, activity rooms, hair salon, and laundry facilities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Assisted living facility with expansion potential in Rapid City, SD.
Where is this assisted living facility located?
The property is located at 409 East Fairlane Drive Rapid City, SD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Set up as an assisted living facility with **64 beds**, offering immediate operational potential.; Four separate buildings on **3 acres** allow for diverse patient populations and potential expansion.; Multiple amenities including community living spaces, activity rooms, hair salon, and laundry facilities.
