5955 Mt Rushmore Rd - Storefront Retail/Office FOR SALE


Rapid City, SD 57701 | 
$2,490,000 USD
605-430-6246
5955 Mt Rushmore Rd, Rapid City, SD for Sale
$2,490,000 USD
Storefront Retail/Office - FOR SALE
1/71
null | Request Cap Rate

5955 Mt Rushmore Rd
Rapid City, SD 57701


HIGHLIGHTS

  • Well established and well maintained
  • Suites F and G are currently for lease
  • High visibility

OVERVIEW

A Location Positioned for Growth. Well-established and maintained commercial property with four strong local tenants, multiple income streams, and clear upside through lease-up. Current tenants include: Ponderosa Smiles — dental practice. Good Dominion Tattoos —tattoo studio. Karate for Kids — martial arts business. K&O Property Management — property management. Two additional spaces area vailable, creating a direct path to higher occupancy, rental income, and NOI: Front/CORNER Anchor Space + Drive-Thru (2,380sf)highly visible space suited for retail, medical, food, service, or other customer-focused uses. Existing drive-thru infrastructure adds flexibility and value. Rear Office + Warehouse (3,028sf) Versatile office and warehouse space ideal for contractors, trades, distributors, service businesses, and other users needing both workspace and storage. Located along Mount Rushmore Road, a major Rapid City commercial corridor connecting Interstate 90, the city, and the Black Hills. Just north, Sanford Health is planning a $500M+ medicalcampus with approximately 480,000 square feet, 168 inpatient beds, and capacity for 168 additional beds. Supported in significant part by a landmark $300M philanthropic gift, the campus is expected to open in 2030. Nearby Catron Boulevard/U.S. 16 is also experiencing substantial residential, medical, and commercial development, including Dream Design International's mixed-use projects. Own the Income. Capture the Growth. The seller also agrees to reimburse the buyer for one year of missed rent income of the current vacant lease space if it's still fully vacant one year after closing! Own the Income! 5955 Mount Rushmore Road combines established cash flow with meaningful lease-up potential in one of Rapid City's evolving commercial corridors. The Investment Proposition: Four established tenants. Existing rental income. Two lease-up opportunities. Drive-thru infrastructure. Flexible office/warehouse space. Major medical investment nearby. Continued residential/commercial growth. Significant NOI upside.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail bldg for sale - Well established

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

General Commercial

APN/PARCEL ID

0035423

ASK ABOUT THIS PROPERTY

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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