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    Rapid City, SD
    Retail

    Rapid City, SD Retail Space for Sale

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    Box Elder, SD Summerset, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, 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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    This listing looks promising.

    Here's a quick look at some key insights for

    406 5th St, Rapid City, SD

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $126K
      Annual

    • Price @ 7% Cap

      $1.8M
      Above asking
    View Property Analytics
    Rapid City Commercial Property
    Updated: Apr 29
    Rapid City Commercial Property

    544 CENTURY RD, Rapid City, SD 57703

    $1,845,000
    15,874 sqft
    Central air cooling for those warm days.
    Forced air heating to keep you cozy.
    Enjoy the city view.
    Benefit from off street parking.
    Asphalt parking available.
    View details
    Retail Frontage Property
    Retail Frontage Property

    3211 E Mall Dr, Rapid City, SD 57701

    $450,000

    Retail frontage on East Mall Drive in front of Cabela's/Bass Pro Shop.

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    Retail Frontage in Front of Bass Pro
    Retail Frontage in Front of Bass Pro

    3241 E Mall Drive, Rapid City, SD 57701

    $500,000

    Retail frontage on East Mall Drive directly in front of Cabela’s/Bass Pro Shop, with nearby dealerships and hotels.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 4 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 1 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.

    Sturgis Retail Property on Main
    Sturgis Retail Property on Main

    1219 Main Street, Sturgis, SD 57785

    $1,400,000
    11,250 sqft 0.35 AC lot

    11,250 SF retail property in downtown Sturgis.

    View details
    Sturgis Commercial Property Near I-90
    Sturgis Commercial Property Near I-90

    2460 South Baldwin Street, Sturgis, SD 57785

    $710,000
    5,000 sqft 3.00 AC lot

    Versatile 5,000 sq ft commercial building on 3 acres.

    View details
    Commercial
    Commercial

    21417 Us Hwy 14A, Lead, SD 57754

    $1,395,000

    Conventional restaurants

    View details
    Downtown Laundromat with Lease Income
    Downtown Laundromat with Lease Income

    508 Main Street, Lead, SD 57754

    $429,000
    1,512 sqft 0.12 AC lot

    Downtown laundromat with additional lease income opportunity.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    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.

    262 Cambell St
    RETAIL STORES (PERSONAL SERVICES)

    262 Cambell St, Rapid City, SD 57701-1700

    Value Estimation by Request
    7,800 sqft 1.21 AC lot
    View details
    23691 Busted 5th Ct
    RETAIL STORES (PERSONAL SERVICES)

    23691 Busted 5th Ct, Rapid City, SD 57702-6536

    Value Estimation by Request
    1,120 sqft 7.97 AC lot
    View details
    525 St Joseph St
    Individual retail properties

    525 St Joseph St, Rapid City, SD 57701

    Value Estimation by Request
    View details
    908 Eglin St
    Individual retail properties

    908 Eglin St, Rapid City, SD 57701

    Value Estimation by Request
    0.85 AC lot
    View details
    622 St Joseph St
    Individual retail properties

    622 St Joseph St, Rapid City, SD 57701

    Value Estimation by Request
    3,172 sqft 0.08 AC lot
    View details
    803 St Patrick St
    Individual retail properties

    803 St Patrick St, Rapid City, SD 57701

    Value Estimation by Request
    1,108 sqft
    View details
    1585 Vly Dr
    RETAIL STORES (PERSONAL SERVICES)

    1585 Vly Dr, Rapid City, SD 57703-4089

    Value Estimation by Request
    1,920 sqft 0.33 AC lot
    View details
    3436 Sturgis Rd
    RETAIL STORES (PERSONAL SERVICES)

    3436 Sturgis Rd, Rapid City, SD 57702-2361

    Value Estimation by Request
    2,592 sqft 0.55 AC lot
    View details
    3609 Sturgis Rd
    RETAIL STORES (PERSONAL SERVICES)

    3609 Sturgis Rd, Rapid City, SD 57702-7600

    $700,000
    Estimated value
    6,650 sqft 0.52 AC lot
    View details
    3401 Sturgis Rd
    RETAIL STORES (PERSONAL SERVICES)

    3401 Sturgis Rd, Rapid City, SD 57702-2344

    Value Estimation by Request
    4,380 sqft 0.93 AC lot
    View details
    718 Saint Patrick St
    RETAIL STORES (PERSONAL SERVICES)

    718 Saint Patrick St, Rapid City, SD 57701-3976

    Value Estimation by Request
    1,385 sqft 0.29 AC lot
    View details
    1402 Saint Patrick St
    RETAIL STORES (PERSONAL SERVICES)

    1402 Saint Patrick St, Rapid City, SD 57701-3937

    Value Estimation by Request
    2,457 sqft 0.14 AC lot
    View details
    339 Saint Patrick St
    RETAIL STORES (PERSONAL SERVICES)

    339 Saint Patrick St, Rapid City, SD 57701-4645

    Value Estimation by Request
    2,400 sqft 0.44 AC lot
    View details
    1226 Saint Patrick St
    RETAIL STORES (PERSONAL SERVICES)

    1226 Saint Patrick St, Rapid City, SD 57701-3957

    Value Estimation by Request
    1,250 sqft 0.36 AC lot
    View details
    804 Saint Patrick St
    RETAIL STORES (PERSONAL SERVICES)

    804 Saint Patrick St, Rapid City, SD 57701-3932

    Value Estimation by Request
    3,200 sqft 0.16 AC lot
    View details
    404 Saint Onge St
    RETAIL STORES (PERSONAL SERVICES)

    404 Saint Onge St, Rapid City, SD 57702-8175

    Value Estimation by Request
    2,280 sqft 0.29 AC lot
    View details
    808 Saint Joseph St
    RETAIL STORES (PERSONAL SERVICES)

    808 Saint Joseph St, Rapid City, SD 57701-2430

    Value Estimation by Request
    4,152 sqft 0.13 AC lot
    View details
    623 Saint Joseph St
    RETAIL STORES (PERSONAL SERVICES)

    623 Saint Joseph St, Rapid City, SD 57701-2718

    Value Estimation by Request
    2,800 sqft 0.11 AC lot
    View details
    818 Saint Joseph St
    RETAIL STORES (PERSONAL SERVICES)

    818 Saint Joseph St, Rapid City, SD 57701-2859

    Value Estimation by Request
    4,800 sqft 0.16 AC lot
    View details
    815 Saint Joseph St
    RETAIL STORES (PERSONAL SERVICES)

    815 Saint Joseph St, Rapid City, SD 57701-2609

    $525,000
    Estimated value
    4,148 sqft 0.26 AC lot
    View details

    Rapid City, SD Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Rapid City, SD, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 29,071 square feet of properties for sale, with an estimated market value of $3,244,900.

    Sale prices for retail space in Rapid City, SD start at $1,399,900, averaging $1,622,450, and reaching up to $1,845,000 — 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

    Automotive properties 2
    Storefront properties 2
    Auto shops 1
    Car washes 1
    Shopping centers 1

    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
    57702 $259.3K
    57701 $1.4M
    57703 $1.8M

    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)

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