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    Rapid City, SD
    Restaurants

    Rapid City, SD Restaurants for Sale

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    Aberdeen, SD Summerset, SD Box Elder, SD Piedmont, SD Black Hawk, SD Keystone, SD Nemo, SD Sturgis, SD
    Multi-Use Downtown Commercial Building
    Updated: Apr 24
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft
    Multi‑tenant commercial property in downtown Rapid City on 5th St
    Average traffic counts nearly 17,500 vehicles per day
    Building supports multiple uses: restaurant/bar, retail, entertainment, event center, office, residential & storage
    Includes the existing operating business: liquor license, video lottery license, and restaurant/bar FF&E
    Iconic tower has remained undeveloped, offering potential for adding new leasable square footage or a visible branding feature
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    Freestanding Restaurant with Patio
    Updated: Sep 28
    Freestanding Restaurant with Patio

    1331 E N St, Rapid City, SD 57703

    Contact for pricing
    6,000 sqft
    6,000‑square‑foot freestanding restaurant
    Commercial kitchen, dining room, and full bar
    Outdoor patio and customer parking
    Furniture, fixtures, and equipment included
    At East North Street and Campbell Street
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    Freestanding Former Hardee’s Restaurant
    Freestanding Former Hardee’s Restaurant

    2250 Haines Avenue, Rapid City, SD 57701

    Contact for pricing
    4,391 sqft 1.51 AC lot

    Commercial-corridor site includes on-site parking, convenient access, and a pylon sign.

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    See hot listings in Rapid City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Turnkey Restaurant Building with Parking
    Turnkey Restaurant Building with Parking

    2315 MT RUSHMORE RD, Rapid City, SD 57701

    $3,300,000

    Turnkey full-service restaurant building with commercial kitchen, bar, dining, bakery production, and paved parking.

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    Three-Asset NNN Property Portfolio
    Three-Asset NNN Property Portfolio

    2316 Mount Rushmore Road, Rapid City, SD 57701

    Contact for pricing

    Portfolio includes Sonic Drive-Ins in South Dakota’s two largest cities.

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    Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 5 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Mixed-Use Property with Opera House
    Historic Mixed-Use Property with Opera House

    604 Main Street, Spearfish, SD 57783

    $2,999,999
    63,000 sqft

    Downtown property combines retail, dining, offices, apartments, entertainment space, and service-oriented suites in one multi-building asset.

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    Established Pub with Commercial Kitchen
    Established Pub with Commercial Kitchen

    314 W Main St, Lead, SD 57754

    $924,950

    Operating pub with a transferable full on-sale liquor license, custom interior elements, and a fully equipped food-service area.

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    Commercial
    Commercial

    21417 Us Hwy 14A, Lead, SD 57754

    $1,150,000

    Conventional restaurants

    View details
    Irish Pub and Restaurant
    Irish Pub and Restaurant

    545 W Jackson Blvd, Spearfish, SD 57783

    $84,900

    Established in 2007, this Irish pub and restaurant offers food, handcrafted drinks, and live entertainment.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land
    Corner Commercial Land

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    General Commercial zoning supports retail, restaurant, office, and service-oriented development.

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    Commercial Corner Lot
    Commercial Corner Lot

    Outfitter Road, Rapid City, SD 57701

    $539,000
    1.77 AC lot

    Corner land parcel with a completed parking lot across half of the site and nearby retail and restaurant operators.

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    Downtown Corner Commercial Land
    Downtown Corner Commercial Land

    Mt. Rushmore Road, Custer, SD 57730

    $299,000
    0.34 AC lot

    Vacant, build-ready lots with city services occupy a signalized intersection in Custer.

    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.

    1756 Eglin St
    RESTAURANT

    1756 Eglin St, Rapid City, SD 57701-6117

    Estimated value:
    $520,000
    5,593 sqft 1.13 AC lot
    View details
    1331 En St
    RESTAURANT

    1331 En St, Rapid City, SD 57701-9572

    Estimated value:
    $440,000
    6,003 sqft 1.44 AC lot
    View details
    1323 En St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1323 En St, Rapid City, SD 57701-9572

    Estimated value:
    $380,000
    2,888 sqft 1.53 AC lot
    View details
    316 Ee Blvd
    BAR, TAVERN

    316 Ee Blvd, Rapid City, SD 57701-2921

    Estimated value:
    $245,000
    2,288 sqft 0.89 AC lot
    View details
    3920 Cheyenne Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    3920 Cheyenne Blvd, Rapid City, SD 57703-4774

    Estimated value:
    $375,000
    3,239 sqft 1.50 AC lot
    View details
    355 11th St
    BAR, TAVERN

    355 11th St, Rapid City, SD 57701-2649

    Estimated value:
    $295,000
    9,600 sqft 0.60 AC lot
    View details
    3313 Mall Dr
    RESTAURANT

    3313 Mall Dr, Rapid City, SD 57701-7938

    Estimated value:
    $505,000
    7,256 sqft 2.12 AC lot
    View details
    509 Cambell St
    Restaurants

    509 Cambell St, Rapid City, SD 57701

    Estimated value: by Request
    1,475 sqft 0.76 AC lot
    View details
    3550 Sturgis Rd
    RESTAURANT

    3550 Sturgis Rd, Rapid City, SD 57702-0312

    Estimated value:
    $265,000
    3,934 sqft 0.67 AC lot
    View details
    327 Stumer Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    327 Stumer Rd, Rapid City, SD 57701-6418

    Estimated value:
    $380,000
    2,562 sqft 1.09 AC lot
    View details
    449 Stumer Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    449 Stumer Rd, Rapid City, SD 57701

    Estimated value:
    $355,000
    2,480 sqft 0.59 AC lot
    View details
    405 Stumer Rd
    RESTAURANT

    405 Stumer Rd, Rapid City, SD 57701-6423

    Estimated value:
    $610,000
    6,778 sqft 1.70 AC lot
    View details
    1330 Saint Patrick St
    BAR, TAVERN

    1330 Saint Patrick St, Rapid City, SD 57701-3936

    Estimated value:
    $315,000
    3,240 sqft 0.47 AC lot
    View details
    1200 Saint Patrick St
    BAR, TAVERN

    1200 Saint Patrick St, Rapid City, SD 57701-3935

    Estimated value:
    $300,000
    2,395 sqft 0.51 AC lot
    View details
    1400 Saint Patrick St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1400 Saint Patrick St, Rapid City, SD 57701-3937

    Estimated value:
    $315,000
    1,200 sqft 0.20 AC lot
    View details
    725 Saint Joseph St
    BAR, TAVERN

    725 Saint Joseph St, Rapid City, SD 57701-2720

    Estimated value:
    $310,000
    3,250 sqft 0.08 AC lot
    View details
    510 Saint Joseph St
    RESTAURANT

    510 Saint Joseph St, Rapid City, SD 57701-2717

    Estimated value:
    $285,000
    3,500 sqft 0.08 AC lot
    View details
    324 Saint Joseph St
    RESTAURANT

    324 Saint Joseph St, Rapid City, SD 57701-2829

    Estimated value:
    $290,000
    5,940 sqft 0.14 AC lot
    View details

    Rapid City, SD Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Rapid City, SD, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 23,588 square feet of properties for sale, with an estimated market value of $4,699,900.

    Sale prices for restaurant properties in Rapid City, SD start at $1,399,900, averaging $2,349,950, and reaching up to $3,300,000 — 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

    Conventional restaurants 4
    Bars & Pubs 2
    Drive through restaurants 2

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57701 $2.3M

    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%

    Total CRE Inventory on Market (SF)

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