512 Main St Rapid City, SD 57701-5020
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.