2001 7th St - Office FOR SALE


Rapid City, SD 57701
$599,000 USD
605-939-4489
2001 7th St, Rapid City, SD for Sale
$599,000 USD
Office - FOR SALE
1/28
null | Request Cap Rate

2001 7th St
Rapid City, SD 57701


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

0037086

ASK ABOUT THIS PROPERTY

Chris LongKW Commercial Rapid CityMore Info
605-939-4489

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Chris LongKW Commercial Rapid CityMore Info
605-939-4489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.