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    525 St Joseph St Rapid City, SD 57701

    Sponsored
    For Lease
    $24 SF/Yr

    Rapid City retail spaces, prime location.

    Lot size:
    12,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located within Block 5, a vibrant mixed-use development in Rapid City, South Dakota, at the highly visible intersection of Main Street and 5th Street. The development, set to open in Spring 2025, boasts a 10-story building anchored by a 117-room Hyatt Place hotel. This Class A property offers multiple retail spaces ranging from 1,565 square feet to 6,240 square feet, totaling over 7,000 square feet of retail space on the first floor. The building's prime location within the downtown entertainment district provides unparalleled access to a wealth of shops, restaurants, and cultural attractions. The development also includes 132 luxury studio, one, and two-bedroom apartments on the upper floors, creating a dynamic and densely populated environment. The Hyatt Place hotel itself features a spacious lobby and 5,000 square feet of meeting space, further enhancing the foot traffic and visibility for retail tenants. This is a unique opportunity to establish a presence in a brand-new, high-profile development in a thriving South Dakota city. The building was constructed in 2023 and is situated in Pennington County. Four spaces are currently available.

    Property Features for 525 St Joseph St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,480 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    1

    Unit(s) available at that property

    Space
    C
    Size
    1,565 SF
    Rate per SF
    $24
    Space
    D
    Size
    1,655 SF
    Rate per SF
    $24
    Space
    B
    Size
    3,020 SF
    Rate per SF
    $24
    Space
    B - D
    Size
    6,240 SF
    Rate per SF
    $24

    HighLights

    • Class A retail space in Rapid City, SD.
    • Multiple spaces available, ranging from 1,565 to 6,240 square feet.
    • Located in a new mixed‑use development at Main & 5th Streets, anchored by a Hyatt Place hotel.
    • Building completed in 2023.
    • Situated in Pennington County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.2265148
    Latitude
    44.0795608

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    FAQs

    What type of property is this?
    Individual retail property - Rapid City retail spaces, prime location.
    Where is this individual retail property located?
    The property is located at 525 St Joseph St Rapid City, SD.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class A retail space in Rapid City, SD.; Multiple spaces available, ranging from 1,565 to 6,240 square feet.; Located in a new mixed-use development at Main & 5th Streets, anchored by a Hyatt Place hotel.
    Request Owner's contact information
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    Rapid City, SD 57701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    525 St Joseph St Rapid City, SD 57701
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