Condos for Sale in Rapid City, SD

Listed by TJ Wojtanowicz – Black Hills Realty | 605-863-1920. Excellent investment opportunity in Rapid City! This fourplex, built in 2005 and located at 1311 Carolyn Court in the desirable West Boulevard area, offers four income-producing rental units with a current combined monthly rent of $4,700, totaling $56,400 in annual scheduled rental income. The property features an upper-and-lower unit configuration with private entrances, paved parking, individual decks or balconies, kitchen/dining combinations, refrigerators, ranges, dishwashers, window coverings, and laundry hookups. Additional features include electric heating, wall air conditioning, a composition roof, and city water and sewer services. With established tenants and leases in place, this property provides an opportunity for investors looking to expand their rental portfolio. Conveniently located near downtown Rapid City, shopping, dining, and other amenities. Offered at $699,000, or $174,750 per unit. Leases and financial information are available for qualified buyers. Property is tenant-occupied; showings by appointment only with appropriate notice. Buyer and buyer's agent to verify all information.

1311 Carolyn Ct, Rapid City

$5,250,000

181191 MLS

Prime warehouse /light industrial property with easy access to I90. The 37,500 sq. ft footprint includes 30,700 sq. ft of warehouse space with 22' sidewalls. Of this, 12,500 sq. ft is heated and cooled, 12,500 sq. ft is heated and designed for truck drive through for ease of loading and unloading with two 14' overhead doors on both east and west sides of building and a 5,700 sq. ft refrigerated warehouse space. This facility also boasts four loading docks with electrically operated dock plates to accommodate different loading heights. High quality office space includes reception, conference space, break room, and multiple offices and work station areas. The mezzanine offers another 6,200 square feet and incudes a large workspace that is currently used for sign manufacturing with another 5,000 sq. ft of storage space with forklift access to main floor. The property also includes an additional 3.25 acres for future expansion or storage yard. Listed by Ed Dreyer, ReMax Advantage 605-786-4564

3636 Seger Dr, Rapid City

$2,200,000

180740 MLS

Excellent investment or owner-user opportunity featuring a versatile 6,638 sq. ft. light industrial building on a prime 4.37-acre subdivided lot. This highly functional property is perfectly suited for a wide range of commercial, service, maintenance, or logistics operations. Key Property Highlights • Expansive Acreage: 4.37 total acres plated into three separate, valuable parcels. • Functional Shop Space: 4,708 sq. ft. high-clearance heated warehouse, shop, and garage area. • Turnkey Office Space: 1,428 sq. ft. of freshly finished office space divided into three flexible work zones. • Recent 2026 Upgrades: Full early-2026 renovations across all office areas, the restrooms, and the mezzanine breakroom. • Secure Yard space: Large gravel parking and staging area that is partially fenced for equipment or fleet storage. • Modern Amenities: Front office waiting area and a spacious mezzanine breakroom overlooking the shop floor. Maximize your business footprint with this rare, multi-parcel industrial offering zoned Light Industrial. The property seamlessly blends heavy-duty operational capacity with modern administrative comfort. The centerpiece of the facility is the 4,708 sq. ft. heated warehouse, boasting high clearances and flexible bays ideal for maintenance, manufacturing, or service fleets. On the administrative side, the 1,428 sq. ft. office footprint was completely updated in early 2026, offering a clean, professional environment that includes a welcoming reception waiting area and three distinct workspaces. Employees will enjoy the large, renovated mezzanine breakroom that provides excellent visibility over the entire shop floor. Outside, the massive 4.37-acre lot is already split into three plated parcels, offering immense future expansion capability, outdoor storage, or partial land development potential. Listed by Gary Peot, Coldwell Banker Black Hills Legacy, 605-593-3086.

1711 Centre, Rapid City

$399,500

180531 MLS

2 HOMES. Projected Income Potential $43,000 Plus! BUYER'S PLEASE NOTE- Both homes must be sold as 1 unit. Please talk to your lender to see their loan qualifications for 2 homes on a property with 1 being a tri-plex. If you were to do a search for 402 E Madison only 1 of the homes shows up. Front home is a tr-plex built in 1946. Would make for a great owner-occupied property and have rental income. Property has 3 separate units with separate private entry, separate heating/AC units, separate electric meters, common utility room where each unit can have their own washer & dryer. Owner pays the gas, water & garbage. Tenants pay electric. Home electrical updated to breaker boxes. Main floor has 2 bedrooms, large living room & formal dining area. This unit normally has the option to rent the garage. Recent updates include new carpet in living room, new kitchen counter, and new tub surround. Gas forced air heating unit with electric central air. Upper-level unit is 1 bedroom unit with electric mini-split for heat & air conditioning. Recently updated all windows in that unit except for 1. Lower-level 1 bedroom unit has new carpeting. The 2nd Home in back is identified by Pennington County as Parcel ID-21-31-181-008 and also as 402 E Madison St. This 2- bedroom home was built in 1925. Home has 2023 Empire natural gas heater and electric radiant heat. There is an outside entry door to crawl space where city water meter is connected. PLEASE NOTE: Home is NOT vacant. The pictures are prior to current tenants. Please DO NOT walk around home or bother tenants. Property shown to Lender Qualified Buyers Only. Real Estate Taxes and Insurance numbers are for BOTH properties combined. Owner Jim Biers is a Licensed Real Estate Broker.

402 E Madison Dr 2 Homes, Rapid City

$985,000

180521 MLS

Seller is highly motivated! Make an offer! Great warehouse space 1/2 block off E North Street. Building is being sold as-is. Eight overhead doors, the two largest are 12x12. Designated office area. Warehouse space is currently being used as a body shop. Fenced in area on the east side of the building. Great potential! Call your favorite Real Estate professional and take a look. Listed by Karen Soderquist, RE/MAX RESULTS (605) 381-4300 and co-listed by Cheyenne McGriff, RE/MAX RESULTS (605) 209-1988

502 Herman, Rapid City

$250,000

179243 MLS

Cavetopia Luxury Garage Units offer a rare opportunity to own a condominium style luxury garage unit with approximately 1,350–1,500 sq. ft. of heated space. These units are ideal for RVs, side-by-sides, boats, classic cars, equipment, or extra storage. With a full bathrooms included, this space can function as more than just a garage — it can be your workshop, storage solution, business base, or home away from home. HOA covers water, exterior insurance, snow removal, lawn care, parking lot maintenance, and entry gate. Listed by Joe Muth 605-391-2426 and Cameron Cummings 605-209-3409 with Coldwell Banker BHL

2226 Marlin Dr Unit 1, Rapid City

$275,000

179241 MLS

Cavetopia Luxury Garage Units offer a rare opportunity to own a condominium style luxury garage unit with approximately 1,350–1,500 sq. ft. of heated space. These units are ideal for RVs, side-by-sides, boats, classic cars, equipment, or extra storage. With a full bathrooms included, this space can function as more than just a garage — it can be your workshop, storage solution, business base, or home away from home. HOA covers water, exterior insurance, snow removal, lawn care, parking lot maintenance, and entry gate. Listed by Joe Muth 605-391-2426 and Cameron Cummings 605-209-3409 with Coldwell Banker BHL

2226 Marlin Dr Unit 2, Rapid City

$250,000

179176 MLS

Cavetopia Luxury Garage Units offer a rare opportunity to own a condominium style luxury garage unit with approximately 1,350–1,500 sq. ft. of heated space. These units are ideal for RVs, side-by-sides, boats, classic cars, equipment, or extra storage. With a full bathrooms included, this space can function as more than just a garage — it can be your workshop, storage solution, business base, or home away from home. HOA covers water, exterior insurance, snow removal, lawn care, parking lot maintenance, and entry gate. Listed by Joe Muth 605-391-2426 and Cameron Cummings 605-209-3409 with Coldwell Banker BHL

2214 Marlin Dr Unit 5, Rapid City

$250,000

179175 MLS

Cavetopia Luxury Garage Units offer a rare opportunity to own a condominium style luxury garage unit with approximately 1,350–1,500 sq. ft. of heated space. These units are ideal for RVs, side-by-sides, boats, classic cars, equipment, or extra storage. With a full bathrooms included, this space can function as more than just a garage — it can be your workshop, storage solution, business base, or home away from home. HOA covers water, exterior insurance, snow removal, lawn care, parking lot maintenance, and entry gate. Listed by Joe Muth 605-391-2426 and Cameron Cummings 605-209-3409 with Coldwell Banker BHL

2214 Marlin Dr Unit 1, Rapid City

$275,000

179174 MLS

Cavetopia Luxury Garage Units offer a rare opportunity to own a condominium style luxury garage unit with approximately 1,350–1,500 sq. ft. of heated space. These units are ideal for RVs, side-by-sides, boats, classic cars, equipment, or extra storage. With a full bathrooms included, this space can function as more than just a garage — it can be your workshop, storage solution, business base, or home away from home. HOA covers water, exterior insurance, snow removal, lawn care, parking lot maintenance, and entry gate. Listed by Joe Muth 605-391-2426 and Cameron Cummings 605-209-3409 with Coldwell Banker BHL

2214 Marlin Dr Unit 4, Rapid City

$299,900

177376 MLS

Westside commercial opportunity offering versatility, functionality, and prime workspace potential. This well-located building features over 1,900 square feet of garage space, ideal for automotive, service, or specialty trade use. The front of the building includes a reception area with potential waiting room. The rear of the property provides additional workspace, previously utilized by a machinist, offering flexible layout options for fabrication, storage, or expanded operations. With multiple work zones and a practical flow from front office to rear production space, this property is well-suited for owner-users or investors seeking adaptable commercial space on the Westside. A solid opportunity for businesses looking to establish or expand in a high-demand area with room to grow.

2911 W Omaha, Rapid City

1202 E St Francis 1214 & 1218 St Francis St, Rapid City

$1,185,000

172894 MLS

This 11,600 SF flex building offers a functional mix of office, warehouse, and large gathering space in a central Rapid City location near E St Patrick Street and E St Joseph Street. Situated on 0.80 acres across three parcels, the property is well suited for service-based businesses, light industrial users, nonprofits, trade schools, or organizations needing a combination of workspace, storage, and assembly area. The building includes more than 2,500 SF of warehouse space with a 10' x 12' overhead door, seven offices, a conference room, storage areas, men’s and women’s restrooms, and large gathering rooms on both the main and second levels. The two additional lots provide flexibility for future expansion, outdoor storage, or added parking. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

1202 E St Francis 1214 & 1218 St Francis St, Rapid City

Condos for Sale in Rapid City, SD

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