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    401 3Rd St Rapid City, SD 57701

    Sponsored
    For Lease
    $5 SF/Yr ($4,498 /Mo)

    9,520 SF Cold Storage Warehouse, $4,500/month

    Lot size:
    9,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,520-square-foot warehouse, built in 1948, presents a rare opportunity in the heart of downtown Rapid City, South Dakota. Located at 401 3rd Street, this single-tenant industrial property offers a spacious, clear-span interior perfect for various uses, particularly cold storage given its 14-foot ceiling height. The building boasts two convenient drive-in doors for efficient loading and unloading. Its prime location offers excellent visibility and accessibility, situated just one block from well-lit intersections at Omaha Street and Main Street. The entire 9,520 square feet is currently vacant and available for immediate occupancy. The monthly lease rate is $4,500, plus electricity. This freestanding warehouse is situated in Pennington County, South Dakota, and features a single story. The property's address is 401 3rd St, Rapid City, SD 57701. This is a unique chance to secure a substantial warehouse space in a thriving downtown area.

    Property Features for 401 3Rd St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,520 SF
    Total Rate
    4498.2

    Building Details

    Year Built
    1948
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,920 SF
    Rate per SF
    $5

    HighLights

    • 9,520 SF warehouse, built in 1948, located at 401 3rd St, Rapid City, SD.
    • Single‑tenant, clear‑span interior ideal for cold storage; 14' ceilings.
    • Two drive‑in doors.
    • Excellent visibility and accessibility, one block from Omaha & Main Streets.
    • Currently vacant, immediate occupancy; $4,500/month lease + electricity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kato Studios Artist Davanzo Medical Group Medical Group Nichole Rose Photography Photography Studio C CLEAN CORP House Cleaning Service Confirmed Portable Toilet ... Portable Toilet Supplier

    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
    -103.22122422996
    Latitude
    44.080924783788

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    FAQs

    What type of property is this?
    Distribution property - 9,520 SF Cold Storage Warehouse, $4,500/month
    Where is this distribution property located?
    The property is located at 401 3Rd St Rapid City, SD.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 9,520 SF warehouse, built in 1948, located at 401 3rd St, Rapid City, SD.; Single-tenant, clear-span interior ideal for cold storage; 14' ceilings.; Two drive-in doors.
    Request Owner's contact information
    401 3Rd St 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
    401 3Rd St Rapid City, SD 57701
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