2001 7th St — Sale in Rapid City, SD

  • Price: $599K
  • Listing type: For sale
  • Asset type: Office
  • Location: Rapid City, SD 57701
  • Size: 4,662 SF
  • Year built: 1965

Investment Figures

Price per square foot
$128
Price per unit
$599,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This multi-tenant office property offers in-place income in a central Rapid City location, just off Mount Rushmore Road near St. Patrick Street. The 4,482 SF building is divided into three suites, with two tenants in place (PT-OT and Hearing Solutions) and one 720 SF suite currently vacant. The layout supports a mix of private offices and open work areas, allowing it to function as either a multi-tenant asset or a larger user footprint. The building includes three separate entrances, including an ADA-accessible entry, with a basement level providing additional storage and utility space. Recent capital improvements totaling over $139,000 include a new roof, parking lot asphalt, and mechanical updates. The 720 SF suite is offered for lease at $1,400/month, utilities included, creating a clear path to increasing income or accommodating an owner-user. The owner will sign a master lease for the full property for two years, if desired. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Gina Plooster at 605-519-0749. Contact listing agent for all inquiries. Please allow 48-hour notice before showings. Building SF: 4662 | Land Size: 0.32 Ac | Year Built: 1965 | Listing Type: FOR SALE

Market Context

This office in Rapid City, SD is listed for sale at $599,000 across 4,662 SF ($128/SF). The building dates to 1965. It has been on the market for 70 days. Compare it against other office listings for sale in Rapid City, SD — view the full market.

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