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$9,060,000
177466 MLS
NNN Investment Opportunity – Rapid City represents a core regional market for net-lease investment, serving as the commercial hub for the Black Hills and a multi-state trade area encompassing western South Dakota, northeastern Wyoming, and portions of Nebraska and Montana. This depth of regional draw supports long-term tenant performance and durable cash flow. The subject property is strategically positioned on Haines Avenue, immediately south of Interstate 90, benefiting from average daily traffic counts exceeding 35,000 vehicles. This prime location offers exceptional visibility, ease of access, and sustained customer traffic—key drivers of tenant sales and lease longevity. Haines Avenue is a major north–south arterial that directly connects I-90 to downtown Rapid City and the city’s primary medical corridor. In 2024 and 2025, the property underwent extensive capital improvements, including a full interior remodel (including the office space in the 27,342 sf 2nd-floor mezz), acomplete parking lot refinish and restriping, new LED parking lot lighting, and fresh exterior paint. The Planet Fitness tenant alone invested more than $2.5 million into improvements within its approximately 30,000-square-foot space, further reinforcing its long-term commitment to the location. Each tenant (see addendum for details) has recently executed a new 12-year initial lease term with multiple 5-year renewal options, providing stable, predictable income under a true NNN structure. This NNN investment delivers a 7.50% Year One cap rate on base rent, with strong downside protection. Although the landlord advances capital improvement costs, the tenant reimburses these expenses over an amortized term, effectively mitigating long-term ownership exposure. This property is being offered as part of a four-property portfolio. Additional information on the remaining three properties is available in the attached Offering Memorandum. Listed by: Randy Olivier RE/MAX Advantage 605-430-6246

1845 Haines Ave, Rapid City

$599,900
5 Beds 177444 MLS
Escape to your own Black Hills turnkey retreat! Listed by Kevin Andreson, KWBH 605-646-5409. Just minutes from Pactola Lake, this 5-bedroom, 3.5-bath home offers the perfect blend of rustic charm, privacy, and functionality—ideal as a full-time retreat, vacation getaway, or high-potential short-term rental. Designed for gathering and relaxation, the home features spacious bedrooms throughout and two main-level suites with private baths, making it well-suited for hosting large families or guests. Inside, a striking fireplace and hearth anchor the living space and create a warm, lodge-style atmosphere. Outdoor living is where this property truly shines. Enjoy an oversized front deck with metal railings, a large back patio built for summer evenings, and a classic horseshoe pit for entertaining. Two exterior outbuildings provide excellent storage or the perfect playhouse setup, plus a detached one-car garage for added convenience. Major updates include a brand-new architectural, impact-resistant shingle roof installed in 2025 and a brand new front deck. The home is also being offered furnished, saving thousands and making it move-in or rental ready for a great investment property from day one. Located centrally to explore Rapid City, Deadwood, and Hill City, this property delivers the best of Black Hills living—adventure by day, peaceful retreat by night just minutes from Pactola Lake. Most importantly a place to make lifetime memories with friends and family.

12776 Black Forest Rd, Rapid City

$599,900
5 Beds 4 Baths 87412 MLS
Listed by Kevin Andreson, KWBH 605-646-5409. Escape to your own Black Hills turnkey retreat. Just minutes from Pactola Lake, this 5-bedroom, 3.5-bath home offers the perfect blend of rustic charm, privacy, and functionality—ideal as a full-time retreat, vacation getaway, or high-potential short-term rental. Designed for gathering and relaxation, the home features spacious bedrooms throughout and two main-level suites with private baths, making it well-suited for hosting large families and guests. Inside, a striking fireplace and hearth anchor the living space and create a warm, lodge-style atmosphere. Outdoor living is where this property truly shines. Enjoy an oversized front deck with metal railings, a large back patio built for summer evenings, and a classic horseshoe pit for entertaining. Two exterior outbuildings provide excellent storage or the perfect playhouse setup, plus a detached one-car garage. Major updates include Euroshield weathertite architectural, impact-resistant shingle roof and a brand new oversized front deck. The home is also being offered furnished, saving thousands and making it move-in or rental ready from day one or if you're wanting an investment property in a key area! Located centrally to explore Rapid City, Deadwood, and Hill City, this property delivers the best of Black Hills living—adventure by day, peaceful retreat by night just minutes from Pactola Lake. Most importantly a place to make lifetime memories with friends and family.

12776 Black Forest Road, Rapid City

$3,249,000
177291 MLS
Listed by Brian Gill, with CENTURY 21 ClearView Realty, (605) 641-3465. Introducing a versatile commercial investment opportunity with a very desirable location near all the medical facilities around Monument Health Hospital, known as the "Medical Mile". Exceptional functionality and great visibility off of Catron Boulevard just 1/2 mile from the Stumer Rd. Walmart. This attractive newer two year old property has a total of 17,400 sq. ft., with 10 units and runs 100% occupancy. Tenants are all high quality, well established businesses with long term leases and options to renew. Enjoy the passive income opportunity with the flexibility for either 100% multi-tenant occupancy, or partial rental income for an owner occupant. This location is poised to take advantage of the Catron Boulevard / 5th Street expansion that has been ongoing and will be ramping up in the near future. Each unit has both front and rear off street parking, with heated concrete zero entry front entrances, 14 ft. ceilings and a 12 ft. overhead door with an additional entrance in back. This is NOT a metal warehouse building. This is a high quality Business Park constructed conventionally with 2x8 walls and is extremely well insulated and energy efficient. It has 15 Security Cameras throughout the exterior of the property. Six out of the 10 tenants are medical related businesses with their own security system in place. Gas and electric services are metered separately, and water is divided among all the tenants at $40 monthly. Landscaped areas have a time saving drip system in place for convenience and ease of maintenance.

5626 Fargo Ln, Rapid City

$600,000
4 Beds 177243 MLS
Welcome to this beautifully maintained west side home offering nearly 3,200 square feet of finished living space on a rare 2.29 acre parcel. Step inside to discover numerous updates throughout, including luxury plank flooring, newer carpeting, updated solid core knotty alder interior doors and trim, fresh paint, and a maintenance-free exterior. Large windows throughout the home invite abundant natural light and showcase stunning views of the surrounding landscape. The main level features two spacious bedrooms, two bathrooms, a generously sized kitchen, formal dining room, laundry area, and a cozy family room complete with a fireplace. The lower level offers a large secondary living room, one additional bedroom, 1 NTC bedroom, a full bathroom, and a substantial storage area. Recent mechanical updates include a new A/C unit, furnace, and water heater, providing peace of mind and energy efficiency. One of the home’s standout features is its incredible outdoor space. A bonus private well supports the beautifully landscaped yard, which is partially fenced for privacy and relaxation. In addition to the main lot, the property includes almost two acres of adjoining land, offering extra privacy or the potential for future development. However, there's no need to rush to build, as the area serves as a natural corridor for local wildlife, bringing a sense of tranquility and connection to nature right in the heart of the city. This dream home is within walking distance of Canyon Lake Park, a scenic bike path with miles of trails, Meadowbrook Golf Course, Rapid Creek, and has convenient access to the Black Hills. Imagine unwinding with a warm beverage beside the natural fireplace during a peaceful South Dakota winter evening. The oversized attached two-car garage provides easy access from both the backyard and the interior of the home. Don’t miss out on this rare opportunity to own a spacious, updated, and private retreat in one of the most desirable locations in the area.

3209 Park Dr, Rapid City

$925,000
3 Beds 176972 MLS
Refined Luxury Meets Effortless One-Level Living at Highpointe Ranch?Listed by Kevin Andreson, KWBH | 605-646-5409 Experience the perfect blend of luxury, convenience, and customization in this exceptional new construction home located in the prestigious Highpointe Ranch community of Rapid City. Designed for refined single-level living, this custom 3-bedroom, 2-bath residence offers 2,644 square feet of thoughtfully planned living space, an oversized 3-car garage, and desirable zero-entry access for seamless, step-free living. Currently framed and dry wall and ready for personalization, this is a rare opportunity to create your dream home by selecting interior finishes, materials, and design details that reflect your style. The well-designed floor plan also features a versatile bonus room that can serve as a home office, executive study, library, or additional living space. Every detail has been considered for comfort and convenience. All mechanical systems are easily accessible from the garage, providing simple maintenance and eliminating the need for crawl spaces or difficult-to-reach utility areas. Built with quality and efficiency in mind, the home features low-maintenance exterior materials and premium Sierra Pacific windows for exceptional durability, energy efficiency, and timeless craftsmanship. The spacious covered rear patio creates an inviting outdoor retreat, ideal for entertaining or simply relaxing and enjoying the beauty of the Black Hills. Highpointe Ranch offers one of Rapid City’s most desirable locations, just minutes from Monument Health, downtown Rapid City, shopping, dining, and endless outdoor recreation at the gateway to the Black Hills. Virtual Rendering Available:?Click the video link to view a computer-generated interior layout and design concept. Disclaimer: Video and renderings are for illustrative purposes only. Interior finishes, colors, materials, and design details are subject to change and may differ from the completed home.

5759 Wind River Rd, Rapid City

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