Leland Apartments - 3313 Leland Ln

Rapid City, SD 57702

• 1031 Exchange Property
• Multifamily for Sale
• $2,483,477 CAD
• 15,216 SF

• Air Conditioning

Rapid City Multifamily for Sale

Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available to qualified buyers upon execution of a confidentiality agreement. Call today for additional information or to schedule your private tour.

Contact:

Black Hills SD Realty

Property Subtype:

Apartment

Date on Market:

2026-06-25

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5410 Airport Rd

Rapid City, SD 57703

• 1031 Exchange Property
• Land for Sale
• $2,696,347 CAD
• 15 AC Lot

Rapid City Land for Sale

May participate in a 1031 exchange.

Contact:

Epic Outdoor Advertising

Property Subtype:

Commercial

Date on Market:

2026-05-03

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Packet Harbor Point - 270 Landmark Ct

Box Elder, SD 57719

• 1031 Exchange Property
• Multifamily for Sale
• $5,889,389 CAD
• 27,740 SF

Box Elder Multifamily for Sale

Listed by Kevin Andreson, Keller Williams Black Hills | 605-646-5409 Single-Family Rental Portfolio – 19 Homes | Box Elder, SD Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion planned at Ellsworth is expected to bring continued population growth and housing demand to the area. The portfolio consists of 19 modern single-family homes, each offering 3 bedrooms, 2 bathrooms, and a detached single-car garage. Built approximately 10 years ago, these homes feature maintenance-free exteriors and modern construction on permanent foundations, helping keep long-term operating and maintenance costs manageable. The portfolio includes 15 homes on crawl spaces with permanent foundations and 4 homes with full basements. Each property sits on its own separately platted lot, offering flexibility and long-term ownership value. Investment Highlights 19 single-family rental homes 3 bedroom / 2 bathroom floorplans Detached single-car garages Homes located on separately platted lots Maintenance-free exterior construction Tenants pay utilities 15 crawl space homes and 4 homes with full basements Strong rental demand driven by Ellsworth AFB and regional growth Excellent access and visibility from Exit 67 on I-90

Contact:

Keller Williams Black Hills

Property Subtype:

Apartment

Date on Market:

2026-03-09

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21353 US HWY 385

Deadwood, SD 57732

• 1031 Exchange Property
• Specialty for Sale
• $2,406,843 CAD
• 11,226 SF

Deadwood Specialty for Sale

Listed by Daneen Jacquot Kulmala South Dakota Properties 605-484-7832 & Steve Kulmala South Dakota Properties 605-484-8501. If you are looking for an awesome investment property, look no further!! Six beautiful cabins in a great location, near Deadwood, Trails and lakes! These cabins stay busy year-round!! New well for Cabins 4, 5, 6 – $100,000. UV water filtration system for Cabins 1, 2, 3 – $12,000. Deck stairs for Cabins 2 and 3 – $5,000. Safety railings for Cabins 1, 3, 6 – $20,000+. New sofas in all cabins – $15,000. New gas ranges – $2,400. New dishwashers – $1,500. New shower installation – $1,500. New front doors – $2,100. New patio doors – $4,400. New windows – $1,500. New refrigerators – $3,400. Septic electrical repair – $3,000. Plumbing upgrades – $8,000. New hot water heaters Call today for your personal showing!! Contact Daneen Jacquot Kulmala South Dakota Properties 605-484-7832 & Steve Kulmala South Dakota Properties 605-484-8501 for showings. Legal- LOT 16 EX LOT H1 (.04AC) OF HES 13718-004-04 PLAT BK4 PG126 - LOT 15 EXLOT H1 (.02AC)OF HES137 18-004-04PLAT BK4 PG126 - LOT 14 EX LOT H1(.02AC) OF HES 137 18-004-04 PLATBK2 PG80 LOT 13 EX LOT H1(.01AC) OF HES 137 18-004-04 PLATBK4 PG126 - LOT 12 EXLOT H1 (.01AC) OF HES 137 18-004-04PLAT BK2 PG80 Business name: Cole Cabins

Contact:

South Dakota Properties

Date on Market:

2025-12-18

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5050 N Cliff Ave

Sioux Falls, SD 57104

• 1031 Exchange Property
• Retail for Sale
• $2,341,564 CAD
• 3,534 SF

Sioux Falls Retail for Sale

Colliers International is proud to present the Arby’s restaurant site on Cliff Avenue in Sioux Falls, South Dakota. Arby’s has been at this location since its construction in 1995 and currently operates under a 20-year lease with approximately 18 years remaining term. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance or roof/structure. Rental income is set at a base amount, with percentage rent being applied above a specified gross sales figure as an efficient hedge against inflation. The franchisee on-site is DRM, Inc., one of the largest Arby’s operators in the country with over 110 locations nationwide. Arby’s has a long and successful track record at this site since 1995. It benefits greatly from its strategic location along the on and off ramps of Interstate 90, along with its positioning within the industrial core of north Sioux Falls. The neighboring blue-collar workforce has limited options in the immediate vicinity, providing a competitive advantage for this location. There are 2.7 million square feet of industrial space within a 1-mile radius of the Arby’s site, with 43,000 square feet under construction and a vacancy rate below one percent, providing a stable customer base for local retailers.

Contact:

Colliers

Property Subtype:

Fast Food

Date on Market:

2025-10-20

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3509 S Minnesota Ave

Sioux Falls, SD 57105

• 1031 Exchange Property
• Retail for Sale
• $2,377,043 CAD
• 3,444 SF

Sioux Falls Retail for Sale

Colliers International is proud to present the Arby’s restaurant site on Minnesota Avenue in Sioux Falls, South Dakota. Arby’s has been at this location since its construction in 2011 and currently operates under a 20-year lease with approximately 18 years remaining term. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance or roof/structure. Rental income is set at a base amount, with percentage rent being applied above a specified gross sales figure as an efficient hedge against inflation. The franchisee on-site is DRM, Inc., one of the largest Arby’s operators in the country with over 110 locations nationwide. Arby’s has a long and successful track record at this site since 2011. It benefits greatly from its strategic location along the on and off ramps of Interstate 229, along with its positioning on Minnesota Avenue which has the highest traffic counts among North/South Avenues in south Sioux Falls. The immediate area is home to numerous national retailers including Costco, Hy-Vee Grocery, Hardee’s, McDonalds, At Home Furniture, Planet Fitness, and more.

Contact:

Colliers

Date on Market:

2025-10-20

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Multi-family Land - Box Elder SD - Highway 1416

Box Elder, SD 57719

• 1031 Exchange Property
• Land for Sale
• $5,321,737 CAD
• 24.75 AC Lot

Box Elder Land for Sale

Seller would consider subdividing property.

Contact:

Keller Williams Black Hills

Property Subtype:

Commercial

Date on Market:

2022-07-22

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Freedom Valley - Highway 44

Rapid City, SD 57703

• 1031 Exchange Property
• Land for Sale
• Price Upon Request
• 4,000 AC Lot

Rapid City Land for Sale

Freedom Valley is a strategic assemblage of development land in Rapid City/Rapid Valley, which spans from the Folsom Road Industrial Park area to the Rapid City Airport. The assemblage is envisioned as a series of mixed-use communities providing employment, housing and recreational uses to facilitate MSA growth over the next two decades.

Contact:

The Valley Commercial Group Inc

Property Subtype:

Commercial

Date on Market:

2025-08-14

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Stoney Hill Apartments - 4304 E 26th St

Sioux Falls, SD 57103

• 1031 Exchange Property
• Multifamily for Sale
• $14,333,213 CAD
• 196,361 SF

• Air Conditioning
• Controlled Access

Sioux Falls Multifamily for Sale

Rare opportunity to acquire a 101-unit multifamily portfolio on Sioux Falls' east side — one of the largest single-asset offerings currently on the market. Spanning three adjacent addresses across 4.5 acres with a mix of one- and two-bedroom units, onsite garages, laundry, controlled access, and dedicated maintenance. Built in 1976 with additional construction in 2016. Strong in-place income with upside through continued rent growth. Financials available upon request.

Contact:

Gateway Real Estate Advisors

Property Subtype:

Multi Family

Date on Market:

2026-04-17

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Lawler Apartments - 312 N Lawler St

Mitchell, SD 57301

• 1031 Exchange Property
• Multifamily for Sale
• $2,625,390 CAD
• 21,748 SF

• 24 Hour Access
• Controlled Access
• Kitchen
• Smoke Detector

Mitchell Multifamily for Sale

The 312 N Lawler Apartments presents an opportunity to acquire a stabilized mixed-use asset in the downtown core of Mitchell, South Dakota. The property consists of 23 apartment units and 3 commercial suites, offering diversified income streams and consistent in-place cash flow, with additional upside through operational efficiencies and targeted improvements

Contact:

Meta Realty LLC

Property Subtype:

Apartment

Date on Market:

2026-04-09

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Laprath Apartments - 1305 Rosebud Ave

Gregory, SD 57533

• 1031 Exchange Property
• Multifamily for Sale
• $957,913 CAD
• 6,400 SF

• Air Conditioning
• Private Bathroom
• Kitchen
• Smoke Detector

Gregory Multifamily for Sale

This attractive 4-unit townhome-style apartment complex offers a mix of 2-bedroom 2-bath and 3-bedroom 2-bath units. Built in 2011 with recently updated flooring in 2 units. Each unit has a 2-car garage, an electric furnace, a laundry room, kitchen appliances, and a walkout backyard patio. The open kitchen and dining areas offer a functional layout perfect for everyday living and entertaining. Each unit also includes an attached garage and a patio.  The complex is full and currently has a waiting list. The complex has a gazebo, raised beds, and a large garden area. Underground sprinkler system in the front and back yard. Unit 1 offers 1675 Sq. Ft.,(Including 600 Sq.Ft. Garage)  Unit 2 -3-4 includes 1575 Sq. Ft., (Each Includes a 600 Sq.Ft. Garage).The roof was new in 2020.

Contact:

South Central Realty

Property Subtype:

Multi Family

Date on Market:

2026-04-05

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