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    909 Saint Patrick St Rapid City, SD 57701

    Sponsored
    For Lease
    $8 SF/Yr

    Rapid City, SD Retail Opportunity

    Lot size:
    32,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 909 E Saint Patrick St, Rapid City, SD 57701, offers 12,176 square feet of space currently occupied by Boyd's Pharmacy within the larger 32,400 square foot Midland Shopping Center. The single-story building, constructed in 1952, sits on 2 acres of land and boasts ample parking with 75 spaces. The property is zoned commercial and situated in the South Central Rapid City submarket, specifically the Robbinsdale Park cluster, near E St Joseph St. Currently fully leased, there's a potential for partial lease of approximately half the space due to the tenant's planned consolidation. This presents a unique opportunity for a variety of businesses. The property's ideal location and substantial parking make it suitable for a range of uses, including but not limited to a church, liquor store, yoga studio, or smaller fitness center. A significant advantage for potential tenants is that the landlord covers utilities, taxes, and insurance. This turnkey solution minimizes operational overhead and allows businesses to focus on growth. The property's history as a successful retail location, combined with its convenient location and generous parking, makes it a highly attractive investment opportunity.

    Property Features for 909 Saint Patrick St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,400 SF
    Total Rate
    21600

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    12,176 SF
    Rate per SF
    $8

    HighLights

    • High‑traffic location on E. St. Patrick St., near E. St. Joseph.
    • Strong synergy with nearby businesses including a casino, two salons, and offices, plus an O'Reilly Auto Parts opening Fall 2024.
    • Versatile open space suitable for various uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boyds Drug Mart Drug Store Western Resources for Independent ... Contractor Black Hills Center ... Non-Profit Organization SD Dept of health Medical Clinic Happy Jacks-East Casino

    Suggested Use

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

    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
    -103.2012528
    Latitude
    44.0666649

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    FAQs

    What type of property is this?
    Retail property - Rapid City, SD Retail Opportunity
    Where is this retail property located?
    The property is located at 909 Saint Patrick St Rapid City, SD.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location on E. St. Patrick St., near E. St. Joseph.; Strong synergy with nearby businesses including a casino, two salons, and offices, plus an O'Reilly Auto Parts opening Fall 2024.; Versatile open space suitable for various uses.
    Request Owner's contact information
    909 Saint Patrick St Rapid City, SD 57701
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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
    909 Saint Patrick St Rapid City, SD 57701
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