Retail Storefront
826 MAIN ST Rapid City, SD 57701
826 MAIN ST, Rapid City, SD, 57701
$1,900,000
For Sale
$1,900,000
For-sale storefront retail property in Pennington County, offered with a stated size of 12,300.
Property Size12,300 SF
Price / SF$154.47
Days on Market63
Property Features for 826 MAIN ST
General Information
- Standard status
- Active
- Size
- 12,300 SF
Listing agency
RE/MAX ADVANTAGE
(605) 786-8776
Listed by
JOEY ONEAL
(605) 786-8776
Source
Evrealestate
Added: May 22 Updated: Jul 22 at 5:54PM Checked: Jul 22 at 5:54PM
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.
This for-sale retail storefront property is located at 826 MAIN ST in Rapid City, South Dakota, and is identified in the listing as being in Pennington County. The property is offered at a stated list price of $1,900,000 and includes a total property size of 12,300.
The available information is limited to the address, county, transaction type, list price, and overall size. Additional details such as interior layout, unit mix, tenancy, and specific building features are not provided in the source data, so due diligence will be required to confirm condition and configuration for prospective buyers.
The available information is limited to the address, county, transaction type, list price, and overall size. Additional details such as interior layout, unit mix, tenancy, and specific building features are not provided in the source data, so due diligence will be required to confirm condition and configuration for prospective buyers.
Key Highlights
- For‑sale storefront retail property in Pennington County (stated size: 12,300).
- Central air conditioning and forced‑air heating.
- Partial basement.
Local Financial Insights For 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 | −$17.7k | −$1.44 |
| EGI | $203.7k | $16.56 |
| − OpEx | −$61.1k | −$4.97 |
| NOI | $142.6k | $11.59 |
12,300 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,582 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,087 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - For-sale storefront retail property in Pennington County, offered with a stated size of 12,300.
Where is this storefront property located?
The property is located at 826 MAIN ST Rapid City, SD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: For‑sale storefront retail property in Pennington County (stated size: 12,300).; Central air conditioning and forced‑air heating.; Partial basement.
