23846 Ml Iron Dr Rapid City, SD 57702
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.
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.