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    Rapid City, SD Warehouses for Sale

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    Summerset, SD Black Hawk, SD Box Elder, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    7 properties
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    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
    Warehouse For Sale
    Updated: May 28
    Warehouse For Sale

    2226 MARLIN DR, Rapid City, SD 57703

    $250,000
    1,350 sqft
    Approx. 1,350 SF commercial warehouse space for sale in Pennington County
    Forced air heating
    Off‑street parking with asphalt surface
    View details
    Rapid City Warehouses on Cambell
    Rapid City Warehouses on Cambell

    3418 Cambell St, Rapid City, SD 57701

    Contact for pricing
    10,840 sqft 2.22 AC lot

    Two warehouses totaling 10,840 SF on 2.22 acres.

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    Rapid City Commercial Property
    Rapid City Commercial Property

    544 CENTURY RD, Rapid City, SD 57703

    $1,845,000
    15,874 sqft

    Commercial property available for sale in Rapid City, South Dakota.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Warehouse for Sale
    Warehouse for Sale

    1202 E ST FRANCIS, Rapid City, SD 57701

    $1,185,000
    11,600 sqft

    Warehouse property offered for sale in Pennington County, South Dakota.

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    Warehouse Building
    Warehouse Building

    2319 N Plaza Drive, Rapid City, SD 57702

    Contact for pricing
    12,000 sqft

    2015 warehouse with forced-air heating and natural gas service.

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    Warehouse with Drive-Thru Bay
    Warehouse with Drive-Thru Bay

    1515 E Philadelphia St, Rapid City, SD 57703

    Contact for pricing

    Warehouse facility on 7.2 acres features four overhead doors and a drive-thru bay, plus parts storage and offices.

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    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 7 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

    Industrial Yard with Multiple Overhead Doors
    Industrial Yard with Multiple Overhead Doors

    500 Box Elder Rd W, Box Elder, SD 57719

    $849,000
    8,231 sqft 1.70 AC lot

    Private-yard industrial base includes five 12'x14' overhead doors, 16-foot ceilings, and office-housing structures.

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    Self-Storage and Warehouse Facility
    Self-Storage and Warehouse Facility

    344 Box Elder Rd W, Box Elder, SD 57719

    Contact for pricing

    96-unit self-storage complex with two additional warehouse spaces, fenced perimeter, and an electronic key-coded gate and security system.

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    New Heated Flex Shop Unit
    New Heated Flex Shop Unit

    Rochford Road, Lead, SD 57754

    $269,000

    Individually metered, heated shop space includes a bathroom, floor drain, and finished interior surfaces.

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    New Heated Flex Space
    New Heated Flex Space

    Rochford Road, Lead, SD 57754

    $249,000

    Planned shop units offer insulated interiors, private utilities, and adaptable space for storage, recreation, or creative commercial uses.

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    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.

    Industrial Development Land
    Industrial Development Land

    Old Folsom Road, Rapid City, SD 57701

    $410,000
    13.32 AC lot

    Ready-to-develop industrial land with direct adjacency to a new Black Hills Industrial Center and strong truck access.

    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.

    1021 New York St
    MINI-WAREHOUSE, STORAGE

    1021 New York St, Rapid City, SD 57701-1712

    $330,000
    Estimated value
    11,200 sqft 0.48 AC lot
    View details
    529 Kathryn Ave
    MINI-WAREHOUSE, STORAGE

    529 Kathryn Ave, Rapid City, SD 57701

    $330,000
    Estimated value
    3,420 sqft 2.05 AC lot
    View details
    1517 Cambell St
    MINI-WAREHOUSE, STORAGE

    1517 Cambell St, Rapid City, SD 57701

    $305,000
    Estimated value
    2,600 sqft 1.65 AC lot
    View details
    1024 New York St
    MINI-WAREHOUSE, STORAGE

    1024 New York St, Rapid City, SD 57701

    $275,000
    Estimated value
    5,360 sqft 0.35 AC lot
    View details
    1903 Lombardy Dr
    MINI-WAREHOUSE, STORAGE

    1903 Lombardy Dr, Rapid City, SD 57703-4189

    $295,000
    Estimated value
    5,002 sqft 1.14 AC lot
    View details
    3305 Craig St
    MINI-WAREHOUSE, STORAGE

    3305 Craig St, Rapid City, SD 57701-2005

    $285,000
    Estimated value
    6,402 sqft 0.92 AC lot
    View details
    1935 Lombardy Dr
    MINI-WAREHOUSE, STORAGE

    1935 Lombardy Dr, Rapid City, SD 57703-4189

    $285,000
    Estimated value
    3,750 sqft 0.85 AC lot
    View details
    1565 Samco Rd
    MINI-WAREHOUSE, STORAGE

    1565 Samco Rd, Rapid City, SD 57702-8009

    $565,000
    Estimated value
    5,792 sqft 3.58 AC lot
    View details
    1109 Crk Dr
    MINI-WAREHOUSE, STORAGE

    1109 Crk Dr, Rapid City, SD 57703-3043

    $275,000
    Estimated value
    4,320 sqft 1.15 AC lot
    View details
    1820 Samco Rd
    MINI-WAREHOUSE, STORAGE

    1820 Samco Rd, Rapid City, SD 57702-9387

    $470,000
    Estimated value
    10,916 sqft 1.24 AC lot
    View details
    1410 Rpd St
    MINI-WAREHOUSE, STORAGE

    1410 Rpd St, Rapid City, SD 57701-2406

    $285,000
    Estimated value
    9,580 sqft 0.52 AC lot
    View details
    7045 Mt Rushmore Rd
    MINI-WAREHOUSE, STORAGE

    7045 Mt Rushmore Rd, Rapid City, SD 57702-8752

    $320,000
    Estimated value
    6,000 sqft 1.00 AC lot
    View details
    1860 Lombardy Dr
    MINI-WAREHOUSE, STORAGE

    1860 Lombardy Dr, Rapid City, SD 57703-4130

    $285,000
    Estimated value
    1,600 sqft 1.00 AC lot
    View details
    293 Country Rd
    MINI-WAREHOUSE, STORAGE

    293 Country Rd, Rapid City, SD 57701-8599

    $300,000
    Estimated value
    8,050 sqft 1.00 AC lot
    View details
    1280 Sum Pl
    MINI-WAREHOUSE, STORAGE

    1280 Sum Pl, Rapid City, SD 57701-2413

    $290,000
    Estimated value
    2,400 sqft 0.47 AC lot
    View details
    871 Chicago St
    MINI-WAREHOUSE, STORAGE

    871 Chicago St, Rapid City, SD 57701

    $460,000
    Estimated value
    8,080 sqft 1.88 AC lot
    View details
    1501 Concourse Dr
    MINI-WAREHOUSE, STORAGE

    1501 Concourse Dr, Rapid City, SD 57703-4818

    $305,000
    Estimated value
    4,080 sqft 1.14 AC lot
    View details

    Rapid City, SD Warehouses Market Trends and Statistics

    Explore 72 warehouses for sale in Rapid City, SD, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 65,232 square feet of properties for sale, with an estimated market value of $4,855,000.

    Sale prices for warehouse buildings in Rapid City, SD start at $250,000, averaging $1,213,750, 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

    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%

    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 $1.2M
    57703 $1.2M

    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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