Versatile Retail Shell with
826 MAIN ST Rapid City, SD 57701
826 MAIN ST, Rapid City, SD, 57701
$2,000,000
For Sale
$2,000,000
Large single-level retail shell plus basement space offers flexible layout for one user or multiple units.
Property Size12,300 SF
Price / SF$162.60
Days on Market414
Property Features for 826 MAIN ST
General Information
- Standard status
- Active
- Size
- 12,300 SF
- Property subtype
- Retail
Listing agency
RE/MAX ADVANTAGE
(605) 786-8776
Listed by
JOEY ONEAL
Source
Xome
Added: Jun 5, 2025 Updated: Jul 22 at 2:35PM Checked: Jul 22 at 2:35PM
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 RE/MAX ADVANTAGE
Investment Insights
Based on property information with market context.
The property is a versatile retail shell with a total size of 12,300 square feet, including 10,500 square feet on one level and an additional 1,800 square feet in the basement. It is offered for sale or lease as an open, adaptable space that can support a single large unit or multiple units, depending on configuration.
Located in downtown Rapid City at 826 MAIN ST, the site is described as being in a high-traffic area, with 13,734 cars per day referenced in the listing remarks. The shell has been positioned as suitable for a range of concepts, including restaurant, office, retail, or multi-use, subject to the buyer’s or tenant’s intended buildout.
Because the space is marketed as a shell, prospective users should plan for their own interior improvements to match their operating needs and layout preferences.
Located in downtown Rapid City at 826 MAIN ST, the site is described as being in a high-traffic area, with 13,734 cars per day referenced in the listing remarks. The shell has been positioned as suitable for a range of concepts, including restaurant, office, retail, or multi-use, subject to the buyer’s or tenant’s intended buildout.
Because the space is marketed as a shell, prospective users should plan for their own interior improvements to match their operating needs and layout preferences.
Key Highlights
- 12,300 sq ft downtown Rapid City property for sale or lease with 10,500 sq ft on one level plus 1,800 sq ft in the basement
- Flexible shell space suited for one large unit or multiple units
- Ideal for restaurant, office, retail, or multi‑use based on the provided use fit
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.4k | $18.00 |
| − Vacancy | −$13.3k | −$1.08 |
| EGI | $208.1k | $16.92 |
| − OpEx | −$52.0k | −$4.23 |
| NOI | $156.1k | $12.69 |
12,300 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,087 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$2.04M
$1.78M – $2.38M
NOI $142,582 @ 7.0% cap · market cap 7.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Large single-level retail shell plus basement space offers flexible layout for one user or multiple units.
Where is this retail space located?
The property is located at 826 MAIN ST Rapid City, SD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,300 sq ft downtown Rapid City property for sale or lease with 10,500 sq ft on one level plus 1,800 sq ft in the basement; Flexible shell space suited for one large unit or multiple units; Ideal for restaurant, office, retail, or multi‑use based on the provided use fit
