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2001 7th St
Rapid City, SD 57701
Office Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,662 SF
Building Class
C
Year Built
1965
Price
$819,252 CAD
Price Per SF
$175.73 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,758 SF
Building FAR
0.32
Lot Size
0.33 AC
Property Taxes
| Parcel Number | 0037086 | Improvements Assessment | $487,448 CAD |
| Land Assessment | $191,478 CAD | Total Assessment | $678,926 CAD |
Property Taxes
Parcel Number
0037086
Land Assessment
$191,478 CAD
Improvements Assessment
$487,448 CAD
Total Assessment
$678,926 CAD
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