1902 Lacrosse St Rapid City, SD 57701-0708
Property profile & analytics
1902 Lacrosse St Rapid City, SD 57701-0708
- Hotels
- 19,671 SF
- 6.91 lot acres
Property ID
US79-0238955
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Clarion Inn / Hotel & Motel
- Gran Mexicano Mexican Restaurant / Restaurant
Property Details for 1902 Lacrosse St
- Year built
- 1961
- Lot size
- 6.91 lot acres
- Property size
- 19,671 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 21-30-328-002
- APU
- 2130328002
Description
This exceptional opportunity presents a turnkey bar and on-sale liquor license in Rapid City, South Dakota, listed at $600,000. Located at 1902 N Lacrosse St, zip code 57701, this valuable asset allows for the sale of alcoholic beverages for on-site consumption. A significant advantage is the inclusion of authorization for up to ten gaming machines, offering a substantial additional revenue stream. Situated in Pennington County, this property benefits from Rapid City's robust economy and increasing tourism. The license is ideal for entrepreneurs seeking to establish a new bar or expand an existing business within the city's dynamic hospitality and entertainment sector. This is a rare chance to acquire a well-positioned, established license with significant earning potential, ready for immediate operation. The property's prime location in Rapid City, South Dakota, ensures high visibility and accessibility to a large customer base. This turnkey opportunity minimizes start-up costs and allows for immediate revenue generation. The combination of a liquor license and gaming machine authorization provides a unique and lucrative investment prospect in a thriving market. Don't miss this chance to own a piece of Rapid City's vibrant nightlife scene.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $830,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,745,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,207,000
Market price range: $702k - $1.21M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $990,000 Current use
- RESTAURANT
- $1,860,000 Change: +88% Conversion: Difficult
- RETAIL STORES
- $1,575,000 Change: +59% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,495,000 Change: +51% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,265,000 Change: +28% Conversion: Difficult
- MEDICAL BUILDING
- $1,140,000 Change: +15% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $825,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.202
- Latitude
- 44.1023
- CBSA code
- 39660
- CBSA name
- RAPID CITY, SD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$110,747
$1,770,300
$5,846,300
$7,616,600
-
$0.00
$0.00
$0.00
