937 North St Rapid City, SD 57701
- Retail properties
- 6.26 lot acres
Current Use by Public Records
- Archaeological Research Center / State Government Office
- China Star Buffet / Buffet Restaurant
- Oaye Luta Okolakiciye CDC / Addiction Treatment Center / Cultural Center
- The Salon Professional Academy in Rapid City / Beauty School
Property Details for 937 North St
- Lot size
- 6.26 lot acres
- Property type
- Retail properties
Description
This exceptional 9,228-square-foot retail space, located at 937 E North Street, Suite 401 in Rapid City, South Dakota, presents a unique investment opportunity. Situated within the Dakota Market Square, this Class A property boasts a highly visible location with a recorded daily traffic count of 16,230 vehicles. The space features a versatile layout ideal for a variety of uses, including fitness centers, climbing gyms, or entertainment venues. The suite includes a front foyer with a built-in bar and attached commercial kitchen, a large open area perfect for customization, and a 10' x 9' overhead door providing convenient access from E Philadelphia Street. The 18-foot blackout ceilings and open floor plan offer significant design flexibility. Ample parking is available with 100+ spaces, including employee parking at the rear of the building. The property sits on 6.26 acres of land and is part of a thriving shopping center, benefiting from the high foot traffic generated by neighboring businesses such as Family Dollar, Discount Overstocks, China Star Buffet, and Black Hills Pawn. The building is prominently displayed with large signage along E North Street and Campbell Street, ensuring maximum visibility. Conveniently located 1.5 miles from I-90 Exit 60/E North Street, this property offers unparalleled accessibility. The zoning is General Commercial. The lease rate is $11.93 per square foot per year, plus an estimated $2.50 per square foot per year in NNN expenses.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.196
- Latitude
- 44.0874