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    Rapid City, SD Office Spaces for Sale

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    Box Elder, SD Summerset, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    11 properties
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    Multi-Use Downtown Commercial Building
    Updated: Apr 24
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft
    Multi‑tenant commercial property in downtown Rapid City on 5th St
    Average traffic counts nearly 17,500 vehicles per day
    Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage
    Includes the existing operating business: liquor license, video lottery license, and restaurant/bar FF&E
    Iconic tower has remained undeveloped, offering potential for adding new leasable square footage or a visible branding feature
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    This listing looks promising.

    Here's a quick look at some key insights for

    406 5th St, Rapid City, SD

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $126K
      Annual

    • Price @ 7% Cap

      $1.8M
      Above asking
    View Property Analytics
    Office Building with Parking
    Updated: May 26
    Office Building with Parking

    550 N FIFTH ST, Rapid City, SD 57701

    $1,700,000
    13,232 sqft
    Built in 2005, office building with 58 office suites and 2 conference rooms
    Currently 90% occupied with 4 units occupied by the current owner
    On‑site parking for 60 vehicles
    Monitored security includes internal and external motion‑detected camera system
    Outside monitored burglar alarm plus fire alarm/sprinkler system
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    Historic Two-Story Office Building
    Historic Two-Story Office Building

    728 6th St, Rapid City, SD 57701

    $735,000
    5,896 sqft

    Two-story office building with original wood finishes, leaded-glass transom windows, and an unfinished basement for storage.

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    Victorian-Style Corner Office Building
    Victorian-Style Corner Office Building

    730 South St, Rapid City, SD 57701

    $575,000
    3,752 sqft

    Victorian office building with three finished levels, dedicated staircase, and off-street parking.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Historic Office Building with Upstairs Suite
    Historic Office Building with Upstairs Suite

    1204 Mt Rushmore Rd, Rapid City, SD 57701

    $284,900
    1,440 sqft

    A 1,440 SF office building with main-level office and meeting space, plus an upstairs area with its own full bath.

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    Creekside Office Building Investment Opportunity
    Creekside Office Building Investment Opportunity

    2620 Jackson Blvd, Rapid City, SD 57702

    $1,495,000
    11,843 sqft

    Well-located office building with high occupancy and investment potential.

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    Rapid City Commercial Property
    Rapid City Commercial Property

    544 CENTURY RD, Rapid City, SD 57703

    $1,845,000
    15,874 sqft

    Commercial property available for sale in Rapid City, South Dakota.

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    Industrial Warehouse with Office Space
    Industrial Warehouse with Office Space

    940 Kennel Dr, Rapid City, SD 57703

    $1,575,000
    13,568 sqft 2.23 AC lot

    Industrial warehouse with multiple loading options, office build-out, and exterior storage for flexible manufacturing use.

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    Two-Story Office Building with Parking
    Two-Story Office Building with Parking

    330 KNOLLWOOD, Rapid City, SD 57701

    $1,185,000
    5,992 sqft

    5,992 SF office building with two levels, parking for 40-plus vehicles, and updated exterior improvements.

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    Office Building with Open Plan
    Office Building with Open Plan

    111 New York Street, Rapid City, SD 57701

    Contact for pricing

    Office building featuring an open floor plan, numerous private offices, and large conference rooms plus employee parking.

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    Commercial Parcel Near Rushmore Crossing
    Commercial Parcel Near Rushmore Crossing

    1424 Luna Ave, Rapid City, SD 57701

    $799,000
    3.50 AC lot

    3.5 acre commercial lot near shopping complex.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flex/Industrial Building with Clear Span
    Flex/Industrial Building with Clear Span

    720 N. 11th Street, Spearfish, SD 57783

    $800,000
    11,700 sqft 0.48 AC lot

    Single-level building with clear span steel beam construction and paved parking on three city lots.

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    Freestanding Retail and Office Building
    Freestanding Retail and Office Building

    277 Lake Street, Chadron, NE 69337

    $325,000
    2,332 sqft 0.29 AC lot

    Versatile building with recently updated exterior, ample parking, and visibility in a high-traffic area.

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    Office Building with Split Entrance
    Office Building with Split Entrance

    237 Morehead Street, Chadron, NE 69337

    $129,000
    2,450 sqft

    Office building offers a split entrance for two business spaces and includes off-street parking on a large lot.

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    Second-Level Medical Office Suite
    Second-Level Medical Office Suite

    344 Main Street, Spearfish, SD 57783

    Contact for pricing
    880 sqft

    Proposed second-level suite with south-side elevator access and building signage in a new Main Street commercial building.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Corner Lot
    Commercial Development Corner Lot

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    1.11-acre corner site with General Commercial zoning for retail, restaurant, office, or service development.

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    General Commercial Land Site
    General Commercial Land Site

    550 N Ellsworth Road, Box Elder, SD 57719

    $800,000
    4.07 AC lot

    Commercially zoned land with electric to the lot line along a heavily traveled corridor near a major retailer.

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    Downtown Corner Commercial Land
    Downtown Corner Commercial Land

    Mt. Rushmore Road, Custer, SD 57730

    $299,000
    0.34 AC lot

    Two build-ready city lots offer frontage on Mt Rushmore Road at a high-traffic intersection in downtown Custer.

    View details
    Corner Lot Retail-Office Building
    Corner Lot Retail-Office Building

    805 S Douglas Hwy, Gillette, WY 82716

    $399,000
    3,050 sqft 0.58 AC lot

    Freestanding 3,050 SF building on a corner lot with front, side, and alley access, plus a detached 26x32 garage.

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    Off-Market Properties in Rapid City, SD

    Consider similar Off-Market properties in Rapid City, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    705 Watertown St
    OFFICE BUILDING

    705 Watertown St, Rapid City, SD 57701-1340

    Value Estimation by Request
    2,077 sqft 0.55 AC lot
    View details
    716 Quincy St
    DENTAL BUILDING

    716 Quincy St, Rapid City, SD 57701-4084

    Value Estimation by Request
    4,702 sqft 0.16 AC lot
    View details
    3975 Sturgis Rd
    OFFICE BUILDING

    3975 Sturgis Rd, Rapid City, SD 57702-0307

    $530,000
    Estimated value
    4,680 sqft 0.83 AC lot
    View details
    1711 Main St
    OFFICE BUILDING

    1711 Main St, Rapid City, SD 57702-2564

    Value Estimation by Request
    3,088 sqft 0.34 AC lot
    View details
    5615 Nugget Gulch Rd
    DENTAL BUILDING

    5615 Nugget Gulch Rd, Rapid City, SD 57702-8349

    $575,000
    Estimated value
    4,906 sqft 4.33 AC lot
    View details
    1687 Tablerock Rd
    DENTAL BUILDING

    1687 Tablerock Rd, Rapid City, SD 57701-5495

    Value Estimation by Request
    3,897 sqft 2.33 AC lot
    View details
    918 5th St
    OFFICE BUILDING

    918 5th St, Rapid City, SD 57701-3709

    Value Estimation by Request
    1,681 sqft 0.52 AC lot
    View details
    2138 Jackson Blvd
    OFFICE BUILDING

    2138 Jackson Blvd, Rapid City, SD 57702-3495

    Value Estimation by Request
    2,160 sqft 0.18 AC lot
    View details
    1828 Kansas City St
    OFFICE BUILDING

    1828 Kansas City St, Rapid City, SD 57702-2516

    Value Estimation by Request
    3,901 sqft 0.32 AC lot
    View details
    2501 Chicago St
    OFFICE BUILDING

    2501 Chicago St, Rapid City, SD 57702-2471

    Value Estimation by Request
    6,300 sqft 0.56 AC lot
    View details
    1516 Fountain Plz Dr
    OFFICE BUILDING

    1516 Fountain Plz Dr, Rapid City, SD 57702-9314

    $2,555,000
    Estimated value
    16,382 sqft 2.79 AC lot
    View details
    2920 Main St
    OFFICE BUILDING

    2920 Main St, Rapid City, SD 57702-8134

    $645,000
    Estimated value
    6,240 sqft 0.43 AC lot
    View details
    2020 Jackson Blvd
    MEDICAL BUILDING

    2020 Jackson Blvd, Rapid City, SD 57702-3484

    Value Estimation by Request
    6,480 sqft 0.65 AC lot
    View details

    Rapid City, SD Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Rapid City, SD, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 84,794 square feet of properties for sale, with an estimated market value of $10,794,800.

    Sale prices for office spaces in Rapid City, SD start at $284,900, averaging $1,199,422, and reaching up to $1,845,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 19
    Office buildings 7
    Medical Office Space 1

    Demographics Overview

    Population 99K
    Population Growth (5Y) +3.2%
    Median Household Income $70,356
    College Educated 33.1%

    High-Yield Neighborhoods for Investment

    Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57702 $574.7K
    57701 $1.2M
    57703 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.36%
    Property Tax per SF $31.57 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Rapid City fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Rapid City, SD

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    • 57703
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