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$ 2,490,000
Est. payment /mo
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5955 Mount Rushmore Rd Rapid City, SD 57701
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 180861
Lot Size 0.283 Acres
Property Sub-Type Retail
Property Description
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 are available, 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+ medical campus 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. Listed by Randy Olivier, RE/MAX Advantage, 605.430.6246.
Location
State SD
County Pennington
Area Southeast
Interior
Cooling Central
Listed by RE/MAX ADVANTAGE