622 St Joseph St Rapid City, SD 57701
This exceptional 3,172 square foot storefront, located at 622 St Joseph St in Rapid City, South Dakota, presents a unique owner/user investment opportunity. Built in 1940, this single-story building sits on a 0.08-acre lot and is zoned for general commercial use. The property boasts a large, inviting showroom with floor-to-ceiling windows, maximizing natural light and showcasing your business to the high volume of traffic on St. Joseph Street – over 9,300 vehicles daily. The interior also includes a well-appointed office area, a bathroom, and ample storage space. Convenient customer parking is available on St. Joseph Street (2-hour limit), with limited employee parking located at the rear of the building. The property is ready for occupancy on October 7, 2024. This is an excellent chance to establish or expand your business in Rapid City's vibrant downtown core. Note that the existing business and inventory are also available for sale under a separate listing (MLS#170687). The asking price for this exceptional retail property is $795,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.