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2nd Street Office/Warehouse 408 2nd St 8,040 SF 100% Leased Office Building Rapid City, SD 57701 $1,005,062 CAD ($125.01 CAD/SF)



INVESTMENT HIGHLIGHTS
- Great downtown location
- Office and warehouse combined
- Off-street non-metered parking
EXECUTIVE SUMMARY
Wonderful opportunity to own a piece of Rapid City's history, first time on the market! Remodel this building and take advantage of approximately 8040sf of office/warehouse space (including basement storage area). Two distinct office spaces facing 2nd St. to use together or separate. Warehouse space with large overhead door in rear. Clerestory windows provide natural light into warehouse. Utilities to site with fiber to the premises. Close proximity to Main Street Rapid City and all that downtown has to offer. This building is directly north of Armadillo's Ice Cream, an incredibly popular local venue. Subject property is also directly east of Black Hills Federal Credit Union's drive through which generates significant traffic flow. On-street parking available without metering. Easy access to Omaha Street to the north. Sale is subject to subdivision approval.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,040 SF
Year Built
1947
Price
$1,005,062 CAD
Price Per SF
$125.01 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,040 SF
Opportunity Zone
Yes
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 0034871 | Improvements Assessment | $3,047,521 CAD |
| Land Assessment | $839,689 CAD | Total Assessment | $3,887,209 CAD |
PROPERTY TAXES
Parcel Number
0034871
Land Assessment
$839,689 CAD
Improvements Assessment
$3,047,521 CAD
Total Assessment
$3,887,209 CAD
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2nd Street Office/Warehouse | 408 2nd St
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