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Property profile & analytics

512 Main St Rapid City, SD 57701-5020

  • Community centers
  • 11,132 SF
  • 0.32 lot acres
OFF-MARKET
Value Estimations
$550,000
Show details
Cap Rate Potential
Location Intelligence
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.

Current Use by Public Records

  • Main Street Square / Event Venue
  • Who's Toy House LLC / Toy Store / Game Store
  • Dr. Julie Nelson / Chiropractor
  • Movies Under The Stars - Rapid City SD / Outdoor Movie Theater
  • 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
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
    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 valuation — 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
More about this property
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