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    Rapid City, SD
    Cold Storage

    Rapid City, SD Refrigerated & Cold Storage for Sale

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    Summerset, SD Black Hawk, SD Box Elder, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    Industrial Warehouse with Office Space
    Updated: Apr 2, 2025
    Industrial Warehouse with Office Space

    940 Kennel Dr, Rapid City, SD 57703

    $1,575,000
    13,568 sqft 2.23 AC lot
    13,568 SF industrial warehouse on a 2.23‑acre lot with ample outdoor storage
    Warehouse includes 5 exterior loading docks: four 9' x 8' with bumpers plus one 9' x 10', and an 8' x 10' drive‑in overhead door
    3,168 SF finished office space with conference room, break area, lab, locker room, and open work area
    Infrastructure for large refrigeration bays and previously used for wine production (formerly US Foods)
    3‑phase power with an 800‑amp panel for manufacturing support
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    This listing looks promising.

    Here's a quick look at some key insights for

    940 Kennel Dr, Rapid City, SD

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    • Est. Cap Rate

      6%
      Above avg (5.9%)

    • Est. NOI

      $94K
      Annual

    • Price @ 7% Cap

      $1.34M
      Suggested

    • Property Type

      Distribution Warehouse (Regional)
      Built 1995
    View Property Analytics
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flex-Use Industrial Building
    Flex-Use Industrial Building

    1 S 3rd St, Aberdeen, SD 57401

    $515,000
    27,220 sqft

    Flex-use industrial property with heated and cold storage, multiple offices, and two loading docks.

    View details
    Cold Storage Warehouse with Docks
    Cold Storage Warehouse with Docks

    4148 1st Ave S - For Sale, Billings, MT 59101

    Contact for pricing
    20,000 sqft

    Warehouse with three docks and multiple overhead doors, featuring mostly cold storage plus finished office-ready space.

    View details
    Flex Warehouse with Cold Storage
    Flex Warehouse with Cold Storage

    11 N Dakota St, Aberdeen, SD 57401

    Contact for pricing
    14,490 sqft

    Two-building flex property includes climate-controlled space and cold storage, plus fenced yard area by train tracks.

    View details
    Chain-Link Fenced Warehouse with Office
    Chain-Link Fenced Warehouse with Office

    1202 S 32nd St W, Billings, MT 59102

    Contact for pricing

    Freestanding warehouse includes a 3,000 sf office with radiant heat, plus multiple overhead doors and cold storage.

    View details

    Off-Market Properties in Rapid City, SD

    Consider similar Off-Market properties in Rapid City, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1703 Saint Patrick St
    COLD STORAGE

    1703 Saint Patrick St, Rapid City, SD 57703-4139

    $900,000
    Estimated value
    13,276 sqft 2.00 AC lot
    View details
    4711 Interstate 90th Service Rd
    COLD STORAGE

    4711 Interstate 90th Service Rd, Rapid City, SD 57703-9510

    $470,000
    Estimated value
    16,872 sqft 2.46 AC lot
    View details
    2929 Crk Dr
    COLD STORAGE

    2929 Crk Dr, Rapid City, SD 57703-4160

    $310,000
    Estimated value
    5,400 sqft 2.92 AC lot
    View details

    Rapid City, SD Refrigerated & Cold Storage Market Trends and Statistics

    Explore 4 refrigerated & cold storage for sale in Rapid City, SD on our real estate platform. These investment opportunities span a total of 13,568 square feet of properties for sale, with an estimated market value of $1,575,000.

    Sale prices for freezer warehouses in Rapid City, SD average $1,575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Refrigerated & Cold Storage 1
    Self storage facilities 1

    Demographics Overview

    Population 99K
    Population Growth (5Y) +3.2%
    Median Household Income $70,356
    College Educated 33.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.36%
    Property Tax per SF $31.57 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Rapid City fall within the 25,000 to 50,000 square foot range.

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