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Net Lease Investment Property 1620 Concourse Ct 4,920 SF 100% Leased Office Building Rapid City, SD 57703 $1,267,632 CAD ($257.65 CAD/SF)



Investment Highlights
- Zoned Light Industrial
- Fire protection system, smoke detectors, and handicap access
- Near Elk Vale Rd and SD Hwy 44
- 20 on-site parking spaces, asphalt/off-street
- Fenced outdoor play areas
- Elk Vale Rd (SD Hwy 44 to I-90): 22,009 VPD [CONFIRM source/year]
Executive Summary
1620 Concourse Ct is a 4,920 SF single-tenant building in Rapid City's Rushmore Business Park, built in 1990 and zoned Light Industrial. The property was fully remodeled in 2021 and is configured for childcare use.
The 0.80-acre site sits near Elk Vale Rd and SD Hwy 44 in east Rapid City, with access to surrounding employment areas, residential neighborhoods, and regional routes.
The 0.80-acre site sits near Elk Vale Rd and SD Hwy 44 in east Rapid City, with access to surrounding employment areas, residential neighborhoods, and regional routes.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,920 SF
Year Built
1990
Price
$1,267,632 CAD
Price Per SF
$257.65 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,920 SF
Zoning
Light Industrial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kindrer Spirits LLC
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kindrer Spirits LLC | - | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0044958 | Improvements Assessment | $559,907 CAD |
| Land Assessment | $98,326 CAD | Total Assessment | $658,233 CAD |
Property Taxes
Parcel Number
0044958
Land Assessment
$98,326 CAD
Improvements Assessment
$559,907 CAD
Total Assessment
$658,233 CAD
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Net Lease Investment Property | 1620 Concourse Ct
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