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Property profile & analytics
OFF-MARKET
Mixed-use properties

23846 Ml Iron Dr Rapid City, SD 57702

576 SF 0.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in Rapid City, South Dakota, presents a unique investment opportunity. Priced at $325,000, this turnkey business includes two buildings totaling 576 square feet situated on a 0.76-acre lot at 23846 Mill Iron Dr, zip code 57702. The property, built in 2022, is currently vacant but offers immediate potential for reopening. All necessary equipment for a successful BBQ restaurant operation is included in the sale, including freezers, refrigerators, smokers, and even an outdoor seating tent. The sale includes the land and buildings. The property features a paved parking lot and city water access. A septic system will be installed, and the existing holding tank will be removed prior to closing. This is a rare chance to acquire an established business with all the necessary infrastructure in place, ready for immediate operation. The price per square foot is $564.24. The property is individually owned and offers a cooperative brokerage arrangement. This is an ideal opportunity for an entrepreneur looking to establish a thriving business in a desirable location. Don't miss this chance to own your own successful BBQ restaurant.

Property profile
Verified
Property type Mixed-use properties
Total area 576 SF
Lot 0.76 ac (33,106 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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