512 Main St Rapid City, SD 57701-5020
Property Lookup
Property profile & analytics
512 Main St Rapid City, SD 57701-5020
- Community centers
- 11,132 SF
- 0.32 lot acres
Property ID
US79-0567438
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
- Main Street Square / Hotel & Motel / Resort
- Who's Toy House LLC / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
- Dr. Julie Nelson / Alternative Medicine Practice
- Movies Under The Stars - Rapid City SD / Cinema
- Big Red Construction / Construction Company
Property Details for 512 Main St
- Year built
- 1947
- Lot size
- 0.32 lot acres
- Property size
- 11,132 SF
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 37-01-128-011
- APU
- 3701128011
Description
This exceptional 1,500 square foot office suite is ideally situated in the vibrant Shops at Main Street Square in downtown Rapid City, South Dakota. Located on the lower level with convenient elevator access, this traditional office space is perfect for businesses prioritizing client accessibility. The suite boasts 4-5 private offices, a dedicated conference room for meetings and presentations, a comfortable break room for staff, and a private restroom for added convenience. The open layout allows for flexible configuration to suit various business needs. Beyond the suite itself, tenants enjoy access to a wealth of building amenities, including a secure parking garage, a convenient on-site coffee shop, shared restrooms, and a variety of restaurants and retail establishments within the complex. The property sits on a 0.32-acre lot in Pennington County, offering a prestigious address at 512 Main Street, Rapid City, SD 57701. The annual lease rate is $12.00 per square foot, translating to a monthly rent of $1,500, plus utilities estimated at approximately $400 per month. This presents a compelling opportunity for businesses seeking a high-profile location with exceptional amenities and convenient access for clients and employees.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $465,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $636,000
Market price range: $322k - $637k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $465,000 Current use
- RETAIL STORES
- $890,000 Change: +90% Conversion: Easy
- AUTO REPAIR, GARAGE
- $845,000 Change: +81% Conversion: Difficult
- WAREHOUSE, STORAGE
- $715,000 Change: +53% Conversion: Difficult
- MEDICAL BUILDING
- $645,000 Change: +38% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $410,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.226
- Latitude
- 44.0812
- 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
$69,342
$278,800
$4,991,600
$5,270,400
-
$0.00
$0.00
$0.00
