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    Rapid City, SD
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    Rapid City, SD Office Units for Sale

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    Box Elder, SD Summerset, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    9 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
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    Multi-Tenant Flex Business Park
    Updated: Jan 29
    Multi-Tenant Flex Business Park

    5626 Fargo Ln, Rapid City, SD

    $3,249,000
    17,400 sqft
    17,400 SF flex property configured as a 10‑unit Business Park
    100% occupancy with six medical‑related businesses among the 10 tenants
    14‑foot ceilings, 12‑foot overhead doors, and additional rear entrances
    Heated concrete zero‑entry front entrances with front and rear off‑street parking
    Conventional 2x8 wall construction with separate gas and electric metering
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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Downtown Multi-Unit Office Building
    Downtown Multi-Unit Office Building

    815 Saint Joseph St, Rapid City, SD 57701

    $1,750,000
    12,444 sqft

    Four individual office units with established tenants and on-street and off-street parking.

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    High-Visibility Multi-Tenant Office Building
    High-Visibility Multi-Tenant Office Building

    4447 S Canyon Rd, Rapid City, SD 57702

    Contact for pricing
    12,477 sqft

    Multi-suite office property with recent unit remodeling and a resurfaced parking lot as of 2021.

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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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    Warehouse with Drive-Thru Bay
    Warehouse with Drive-Thru Bay

    1515 E Philadelphia St, Rapid City, SD 57703

    Contact for pricing

    Warehouse facility on 7.2 acres features four overhead doors and a drive-thru bay, plus parts storage and offices.

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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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    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 9 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Storefront with Rear Office Space
    Storefront with Rear Office Space

    307 S Chicago St, Hot Springs, SD 57747

    $133,150
    691 sqft

    Renovated storefront property with an open front and flexible rear workspace including kitchenette and private office potential.

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    Historic Multi-Tenant Retail Building
    Historic Multi-Tenant Retail Building

    713 N. River Street, Hot Springs, SD 57747

    Contact for pricing
    6,400 sqft

    Sandstone block building with four metered commercial spaces, main-street frontage, and alley-access parking.

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

    720 N. 11th Street, Spearfish, SD 57783

    Contact for pricing
    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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    Industrial Flex Warehouse Facility
    Industrial Flex Warehouse Facility

    125 Industrial Dr, Spearfish, SD 57783

    Contact for pricing
    51,490 sqft 6.37 AC lot

    Flex-style facility offers warehouse production space, substantial office buildout, and six loading docks with a drive-in ramp.

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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.

    522 7Th St
    Coworking space

    522 7Th St, Rapid City, SD 57701

    Value Estimation by Request
    View details
    522 7Th St
    Office Units

    522 7Th St, Rapid City, SD 57701

    Value Estimation by Request
    0.26 AC lot
    View details
    522 7Th St
    Office Units

    522 7Th St, Rapid City, SD 57701

    Value Estimation by Request
    0.26 AC lot
    View details
    909 St Joseph St
    Office Units

    909 St Joseph St, Rapid City, SD 57701

    Value Estimation by Request
    0.21 AC lot
    View details
    601 Kansas City St
    Office Units

    601 Kansas City St, Rapid City, SD 57701

    Value Estimation by Request
    0.56 AC lot
    View details
    522 7Th St
    Office Units

    522 7Th St, Rapid City, SD 57701

    Value Estimation by Request
    0.26 AC lot
    View details
    1760 Centre St
    Office Units

    1760 Centre St, Rapid City, SD 57703

    Value Estimation by Request
    892 sqft
    View details

    Rapid City, SD Office Units Market Trends and Statistics

    Explore 16 office units for sale in Rapid City, SD, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 90,952 square feet of properties for sale, with an estimated market value of $11,003,900.

    Sale prices for office units in Rapid City, SD start at $1,185,000, averaging $1,833,983, and reaching up to $3,249,000 — 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 23
    Office buildings 9
    Medical Office Space 2

    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
    57701 $1.4M
    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

    • 57701
    • 57703
    • 57702

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