909 Saint Patrick St Rapid City, SD 57701-5752
This exceptional retail property, located at 909 E Saint Patrick St, Rapid City, SD 57701, offers 12,176 square feet of space currently occupied by Boyd's Pharmacy within the larger 32,400 square foot Midland Shopping Center. The single-story building, constructed in 1952, sits on 2 acres of land and boasts ample parking with 75 spaces. The property is zoned commercial and situated in the South Central Rapid City submarket, specifically the Robbinsdale Park cluster, near E St Joseph St. Currently fully leased, there's a potential for partial lease of approximately half the space due to the tenant's planned consolidation. This presents a unique opportunity for a variety of businesses. The property's ideal location and substantial parking make it suitable for a range of uses, including but not limited to a church, liquor store, yoga studio, or smaller fitness center. A significant advantage for potential tenants is that the landlord covers utilities, taxes, and insurance. This turnkey solution minimizes operational overhead and allows businesses to focus on growth. The property's history as a successful retail location, combined with its convenient location and generous parking, makes it a highly attractive investment opportunity.
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Boyds Drug Mart Pharmacy
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Western Resources for Independent Living General Contractor
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Black Hills Center for American Indian Health Charitable Organization Social Service Agency
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SD Dept of health Medical Clinic
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Happy Jacks-East Hotel & Motel Resort
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.