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Property profile & analytics
OFF-MARKET
Warehouses

242 Mt. Rushmore Rd Custer, SD 57730

1,728 SF 0.18 ac lot
Property ID
Property summary
AI-generated overview

This 1,728-square-foot warehouse, situated on a 0.18-acre lot in Custer, South Dakota, presents a unique investment opportunity. Located at 242 Mt. Rushmore Road, this commercial property boasts a prime location in the heart of the Black Hills, just 50 miles from Rapid City and within close proximity to major tourist attractions such as Crazy Horse Memorial and Wind Cave National Park. The property's strategic position along South Dakota State Highway 385 ensures consistent traffic flow from both local residents and tourists. Previously operating as a successful laundromat, the building has undergone recent updates, including improvements to both the structure and equipment. The property's industrial zoning and versatile layout offer potential for a variety of commercial uses. The asking price is $399,000. This turnkey operation offers a rare chance to acquire an established business in a thriving area with high tourism and a strong local economy. The property's history as a laundromat, with its existing equipment and loyal customer base, presents a compelling opportunity for a new owner to continue its success or adapt the space to a different commercial venture. The 0.18-acre lot provides ample space for expansion or outdoor storage. This is an exceptional opportunity to own a piece of the Black Hills' vibrant commercial landscape.

Property profile
Verified
Property type Warehouses
Total area 1,728 SF
Lot 0.18 ac (7,841 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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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