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Medical Office Building with Flexible Layout
For Sale
$2,499,000

725 N Lacrosse Street, Rapid City, SD 57701

Two entrances and separate service areas support medical, administrative, and multi-tenant office configurations.

Property Size24,344 SF
Price / SF$102.65
Days on Market627

Property Features for 725 N Lacrosse Street

General Information

Standard status Active
Size 24,344 SF
Property subtype Commercial/Industrial

Additional Details

Road Access Yes

Building Details

Year Built 1972
Buildings 1
Listing Agency: Keller Williams Realty Black Hills RC
Listed By: Christopher Long · License #1840
Source: Exitrealty
Added: Dec 12, 2024 Changed: Aug 29 Last Checked: Aug 30 at 3:49PM

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 RC

Investment Insights

Based on property information with market context.

This medical office property includes a main level with two primary entry points, a reception and waiting area, private offices, conference rooms, exam rooms, and laboratory space. The finished lower level has controlled access and video surveillance, along with additional offices, meeting and training rooms, administrative workstations, showers, a day room with kitchen, and storage areas.

Located at 725 N Lacrosse Street in Rapid City, the property occupies a high-traffic corner with access from N LaCrosse and E Monroe. Traffic volume is reported at over 16,000 cars per day. Paved parking areas serve both the north and south sides, and the property neighbors Monument Health Family Medicine Clinic. Constructed in 1972, the facility offers a substantial existing medical and office configuration.

Key Highlights

  • 24,344 square feet of medical and office space
  • Two main‑level entrances support separated services or multiple tenants
  • Mix of private offices, conference rooms, exam rooms, and lab rooms

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Hair Salon Barber Shop Nail Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

576
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two entrances and separate service areas support medical, administrative, and multi-tenant office configurations.
Where is this medical office space located?
The property is located at 725 N Lacrosse Street Rapid City, SD.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 24,344 square feet of medical and office space; Two main‑level entrances support separated services or multiple tenants; Mix of private offices, conference rooms, exam rooms, and lab rooms
More about this property
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