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$1,175,000
6 Beds ⋅ 179437 MLS
This remarkable home showcases sweeping panoramic views of the Black Hills and city skyline, offering a rare blend of prestige, privacy, and scenery. Designed to capture the surrounding beauty from nearly every angle, this impressive 5,200 sq.ft. ranch-style home features 6 bedroom, 3 bathrooms, and expansive living areas filled with natural light. This home was designed to make the most of its spectacular surroundings. The 27x11 sunroom provides the perfect setting to enjoying your morning coffee, entertaining or unwinding at the end of the day, the panoramic vistas create a backdrop that is simply unforgettable. The spacious kitchen serves as the heart of the home, offering abundant workspace, generous storage, and seamless flow into the dining and living areas. The walkout basement expands your living and entertaining options with a dedicated billiards room perfect for game nights, hosting guests, or creating unforgettable memories. Whether you're a car enthusiast, or simply value additional storage, the 4- car garage provides the space and versatility to fit your lifestyle. If you have been searching for a home that combines exceptional views, generous living space, and endless opportunities to entertain, this is one you won't want to miss.

1348 Panorama Cir, Rapid City
$16,500,000
88899 MLS
Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022.

1050 Valley View Drive, Rapid City
$16,500,000
179267 MLS
Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.

1050 Valley Dr, Rapid City
$1,700,000
88868 MLS
Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner, All financials available with a signed NDA.

550 N 5th Street, Rapid City
$1,200,000
179213 MLS
Listed by Lori Barnett & Michelle Carr, Engel & Völkers Black Hills, 605.786.5817 / 720.284.4564 Welcome to The Summit Collection at Scotland Hills, a gated, exclusive opportunity to build your custom home on a spectacular 19.28-acre lot. Bring your own builder, or build with Wood Builders and take advantage of current builder incentives. Contact Wood Builders for specifics. Tucked at the end of a quiet street, this property delivers rare privacy along with sweeping views of Rapid City, all just minutes from Monument Health, downtown, and I-90. It's an ideal setting for anyone who wants a fast commute without giving up space, quiet, and room to spread out. The 19.28 acres offer multiple potential building locations, giving you the flexibility to design a home and setting that perfectly suits your vision and lifestyle, with space left over for a shop, workshop, or outbuildings. A septic system will be required; city water, power, natural gas, fiber, and asphalt road access are already in place at the lot line. Note: the lot is pending final plat approval, and size and layout may be subject to change. This is a rare chance to build in one of Rapid City's most sought-after settings.

Lot 17 D W Minnesota, Rapid City
$1,200,000
88860 MLS
Listed by Lori Barnett & Michelle Carr, Engel & Völkers Black Hills, 605.786.5817 / 720.284.4564 Welcome to The Summit Collection at Scotland Hills, a gated, exclusive opportunity to build your custom home on a spectacular 19.28-acre lot. Bring your own builder, or build with Wood Builders and take advantage of current builder incentives. Contact Wood Builders for specifics. Tucked at the end of a quiet street, this property delivers rare privacy along with sweeping views of Rapid City, all just minutes from Monument Health, downtown, and I-90. It's an ideal setting for anyone who wants a fast commute without giving up space, quiet, and room to spread out. The 19.28 acres offer multiple potential building locations, giving you the flexibility to design a home and setting that perfectly suits your vision and lifestyle, with space left over for a shop, workshop, or outbuildings. A septic system will be required; city water, power, natural gas, fiber, and asphalt road access are already in place at the lot line. Note: the lot is pending final plat approval, and size and layout may be subject to change. This is a rare chance to build in one of Rapid City's most sought-after settings.

Lot 17 D W Minnesota Street, Rapid City
$1,700,000
179208 MLS
Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner All financials available with a signed NDA.

550 N 5th St, Rapid City
$1,900,000
179161 MLS
Positioned in the heart of downtown Rapid City, this exceptional 12,300 SF commercial opportunity is now offered for lease at $10,500 per month NNN. The property features approximately 10,500 SF on the main level plus an additional 1,800 SF basement, creating a highly flexible footprint suited for a wide range of uses. Delivered as versatile shell space, the building offers the rare ability to accommodate a single flagship user or be demised into multiple tenant suites. Ideal for restaurant, retail, office, entertainment, showroom, or mixed-use concepts. Located in a high-visibility corridor with traffic counts exceeding 13,700 vehicles per day, this asset combines scale, exposure, and adaptability in one of Rapid City’s most active downtown districts. Exceptional potential for operators, investors, or brands seeking a commanding presence with endless repositioning opportunities.

826 Main St, Rapid City
$1,100,000
5 Beds ⋅ 179068 MLS
Gorgeous home on 7.27 acres with phenomenal views of the Black Hills, privacy, and no covenants! Horses are welcome and Forrest Service nearby offering 1,000s of acres of riding opportunities. The main level offers an open floor plan with high vaulted ceilings and lots of windows flooding the home with natural light, massive kitchen with breakfast nook and fireplace, formal dining, large laundry, guest bath, and two bedrooms. Upstairs has a large master suite with double vanity, walk-in closet, and private deck. There is also a multipurpose space in the loft with many possibilities. The walk-out basement has two more bedrooms, huge family room, 3rd bath and lots of storage. The exterior of the home has fire resistant Hardy Plank siding, concrete tile roof, maintenance free decking and a detached 30x30 garage with water hydrant. Close to Rapid City and outdoor recreation with hiking and biking trails nearby.

13130 Geary Blvd, Rapid City
$1,699,999
4 Beds ⋅ 178829 MLS
Listed by Nichole Biegler EXP Realty llc 605-484-5869 Enjoy Rapid Creek frontage and direct access to Black Hills National Forest Service lands with a private bridge just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy fireplaces, 4 spacious bedrooms & 3.5 baths + a den/office & so much more! Enjoy the tranquility of nature & experience the ultimate convenience to recreational activities directly from your doorstep. A wonderful combination of comfort and adventure. Endless possibilities for you & your family or have as an established turn key investment property in the Black Hills !

11758 W Hwy 44, Rapid City
$1,699,999
4 Beds ⋅ 4 Baths ⋅ 88510 MLS
Listed by Nichole Biegler EXP Realty llc 605-484-5869 Enjoy Rapid Creek frontage with a private bridge and direct access to Black Hills National Forest Service lands just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy fireplaces, 4 spacious bedrooms & 3.5 baths + a den/office & so much more! Enjoy the tranquility of nature & experience the ultimate convenience to recreational activities directly from your doorstep. A wonderful combination of comfort and adventure. Endless possibilities for you & your family or have as an established turn key investment property in the Black Hills !

11758 Highway 44, Rapid City
$1,395,000
178781 MLS
Excellent location for this 4 suite office building just off Jackson Blvd. This building is a single building in a larger condominium project. The lower and upper floors of this building each have two suites. The lower level has one vacancy which has recently occurred and the upper level has one suite which has been occupied by the owner. The ownership of this building includes an undivided 21% interest in the common area of the condominium project. The total acreage for the entire condominium project is 2.182 acres. Great investment opportunity and opportunity for an owner to occupy one of the vacant suites.

2201/2204 Jackson Blvd, Rapid City
$1,399,900
178649 MLS
Located within an SBA Opportunity Zone, this prime downtown Rapid City commercial opportunity in the heart of the fastest-growing market in the region. This multi-tenant property offers exceptional flexibility for investors, operators, and developers seeking a high-visibility location with average traffic counts of nearly 17,500 vehicles per day. The building supports a wide range of existing and future uses, including: Restaurant / Bar, Retail, Entertainment venue, Indoor/outdoor multimedia event center, Office, Residential & Storage. The iconic tower—long recognized as a local advertising beacon for over 100 years—remains undeveloped, offering a rare opportunity to add new leasable square footage or create a signature branding feature visible throughout downtown. Also available for purchase or lease is the existing operating business, which includes: Liquor license, Video lottery license, Restaurant/bar FF&E. This is a unique chance to acquire a versatile downtown asset with multiple income streams and significant upside potential. Call today to schedule a private tour and explore the full scope of this opportunity. Listed by Tony Marshall, CINC Realty, tony@cincrealty.com.

406 5th St, Rapid City
$2,812,887
178326 MLS
Excellent Commercial Property fronting East Mall Drive.

E Mall Dr, Rapid City
$1,582,535
178325 MLS
Excellent high exposure General Commercial with almost 300ft of depth and 728 ft of frontage on East Mall Drive. This lot has access available on East Mall Drive and on Taggert Rd. This area continues with increased development with two new industrial parks to the East along East Mall Drive. This ever expanding area is positioned well for future motel/retail and light industrial expansion in the next five years. Please consider the 12 acre parcel immediately west of this parcel which also has frontage on East Mall Drive with access points on Taggart Rd as well as Dakota Craft Drive on the West.

TBD E Mall Dr, Rapid City
$1,699,000
4 Beds ⋅ 3 Baths ⋅ 87972 MLS
CALLING ALL HORSE LOVERS & outdoor enthusiasts! You can ride your horses, ATV's or hike, right into the National Forest to nearby restaurants. The most perfect horse property that you could dream up! Oodles of upgrades! Log home on 10+ ac bordering USFS lands! Over $250,000 put into the rockwork that leads you to the covered front porch. Inside boasts a chef's delight kitchen w/tons of cabinets, high-end appliances & tiered center island. Separate pantry has laundry hook ups & more built-in cabinets. Dining area & great room have soaring vaulted ceiling, walls of windows & cozy gas fireplace. Main floor master suite w/fireplace has ensuite bath w/double vanity, shower, jetted jacuzzi tub & walk-in closet. Loft sports a 2nd family/game rm. Freshly painted lower level w/new light fixtures hosts 3rd large family rm & 3 ample bdrms (1 NC) w/new carpet, full bath & laundry/utility rm. 34x34 metal building holds hay & trailer storage attached to 36x36 building that houses 4 high-end horse stalls w/auto waterers & individual outdoor runs, hot/cold heated wash bay & heated tack room w/sink. A 12x24 run-in shed connects this & additional 30x38 metal building that offers shop space or maybe more horse stalls. Ride directly on USFS lands plus train in the 100x200 RIDING ARENA!! Two pasture areas w/steel &/or split rail fencing. 2-car log-sided heated garage, new lights & loft w/cedar closet. Perfect combination of log home in the woods & dreamy horse property you have been looking for!

10255 Echo Valley Ct., Rapid City
$1,625,000
6 Beds ⋅ 5 Baths ⋅ 87845 MLS
Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. Welcome to 13365 Silver Mountain Rd! You won’t want to miss this stunning custom-built cabin-style home nestled on 3.66 acres in the heart of the Black Hills. Offering over 4,000 sq ft of living space, this impressive 3-story home features 6 bedrooms, 4 full bathrooms, an attached garage, and a detached garage with additional living quarters—perfect for guests, rental potential, or multi-generational living. Inside, you’ll find beautiful wood floors, soaring ceilings, and multiple wood-burning fireplaces that create a warm and inviting mountain retreat feel. The spacious kitchen is designed for both function and style with granite countertops and ample cabinet space. The primary suite is conveniently located on the main level, and the home also offers the rare convenience of laundry on both the main and upper floors. Enjoy the outdoors with multiple decks that provide incredible views and a peaceful setting surrounded by mature trees and natural landscape. The wooded lot offers privacy while still providing easy access to all the amenities of the Black Hills. This one-of-a-kind property combines space, character, and location—ideal as a full-time residence, vacation home, or investment opportunity. Many hiking and biking trails off Coon Hollow! Schedule your showing today!

13365 Silver Mountain Rd, Rapid City
$1,625,000
6 Beds ⋅ 178017 MLS
Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. Welcome to 13365 Silver Mountain Rd! You won’t want to miss this stunning custom-built cabin-style home nestled on 3.66 acres in the heart of the Black Hills. Offering over 4,000 sq ft of living space, this impressive 3-story home features 6 bedrooms, 4 full bathrooms, an attached garage, and a detached garage with additional living quarters—perfect for guests, rental potential, or multi-generational living. Inside, you’ll find beautiful wood floors, soaring ceilings, and multiple wood-burning fireplaces that create a warm and inviting mountain retreat feel. The spacious kitchen is designed for both function and style with granite countertops and ample cabinet space. The primary suite is conveniently located on the main level, and the home also offers the rare convenience of laundry on both the main and upper floors. Enjoy the outdoors with multiple decks that provide incredible views and a peaceful setting surrounded by mature trees and natural landscape. The wooded lot offers privacy while still providing easy access to all the amenities of the Black Hills. This one-of-a-kind property combines space, character, and location—ideal as a full-time residence, vacation home, or investment opportunity. Many hiking and biking trails off Coon Hollow! Schedule your showing today!

13365 Silver Mountain Road, Rapid City
$1,875,885
87782 MLS
Commercial development land located along E Mall Drive just north of I-90 at Exit 59 (LaCrosse Street). The 7.23-acre site sits adjacent to the Hilton Garden Inn and within minutes of Rushmore Crossing, Fleet Farm, and the Uptown Rapid retail center. Zoned General Commercial, the property benefits from infrastructure already extended to the site including water, sewer, electric, and gas from prior development planning. The parcel supports a range of potential uses including hospitality, restaurant, retail, or service-oriented commercial development. Mall Drive connects directly to Lacrosse Street and provides convenient access to major commercial corridors including Haines Avenue and Elk Vale Road, positioning the site within one of Rapid City’s most active retail and hospitality areas. For more information or to schedule a showing, contact Chris Long at 605-335-8100 or Tom Rau at 605-390-2725.

621 E Mall Drive, Rapid City
$1,875,885
177947 MLS
Commercial development land located along E Mall Drive just north of I-90 at Exit 59 (LaCrosse Street). The 7.23-acre site sits adjacent to the Hilton Garden Inn and within minutes of Rushmore Crossing, Fleet Farm, and the Uptown Rapid retail center. Zoned General Commercial, the property benefits from infrastructure already extended to the site including water, sewer, electric, and gas from prior development planning. The parcel supports a range of potential uses including hospitality, restaurant, retail, or service-oriented commercial development. Mall Drive connects directly to Lacrosse Street and provides convenient access to major commercial corridors including Haines Avenue and Elk Vale Road, positioning the site within one of Rapid City’s most active retail and hospitality areas. For more information or to schedule a showing, contact Chris Long at 605-335-8100 or Tom Rau at 605-390-2725.

621 E Mall Dr, Rapid City
$1,300,000
87761 MLS
Listed with Travis Haan -- Black Hills Realty -- 605-415-2344 Prime 10.6-acre commercial opportunity located just off U.S. Highway 16south of Rapid City. Positioned in one of the fastest-growing corridors in the Black Hills region, this property offers outstanding visibility and convenient highway access, making it ideal for a wide range of commercial or mixed-use development. Surrounded by expanding residential and commercial growth and increasing traffic along the Highway 16 corridor, this site provides exceptional potential for businesses looking to capture both local and tourist traffic heading toward the Black Hills. The generous 10.6-acre footprint offers flexibility for retail, hospitality, service-based businesses, or multi-tenant commercial development. Whether you’re looking to develop now or secure land in a rapidly expanding area, this property represents a rare investment opportunity in the thriving Rapid City market. Highlights: 10.6 acres of commercial land Excellent access from U.S. Highway 16 Located south of Rapid City in a high-growth area. Strong traffic counts and visibility potential ideal for retail, hospitality, or commercial development.

1 TBD Sammis Tr, Rapid City
$1,300,000
177925 MLS
Listed with Travis Haan -- Black Hills Realty -- 605-415-2344 Prime 10.6-acre commercial opportunity located just off U.S. Highway 16 south of Rapid City. Positioned in one of the fastest-growing corridors in the Black Hills region, this property offers outstanding visibility and convenient highway access, making it ideal for a wide range of commercial or mixed-use development. Surrounded by expanding residential and commercial growth and increasing traffic along the Highway 16 corridor, this site provides exceptional potential for businesses looking to capture both local and tourist traffic heading toward the Black Hills. The generous 10.6-acre footprint offers flexibility for retail, hospitality, service-based businesses, or multi-tenant commercial development. Whether you’re looking to develop now or secure land in a rapidly expanding area, this property represents a rare investment opportunity in the thriving Rapid City market. Highlights: 10.6 acres of commercial land Excellent access from U.S. Highway 16 Located south of Rapid City in a high-growth area Strong traffic counts and visibility potential Ideal for retail, hospitality, or commercial development

1 TBD Sammis Tr, Rapid City
$1,750,000
3 Beds ⋅ 177837 MLS
Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. Situated within city limits bordering the county on 9.75+/- acres, this private one-level home offers exceptional privacy and convenience with three separate fenced yards and a secure electric gate. Updated and meticulously maintained, the home features an open-concept layout with a main floor living room, a two-way gas fireplace and large skylights. Enjoy maintenance-free Trex decks on both the south and north sides, plus a third deck off the master suite. The master suite is unparalleled, with a large walk-in closet and a luxurious bathroom complete with three sinks and a separate water closet. Attached to the house is a huge 38x34 ft garage with dual 12x10ft doors. Detached from the house a 4,800 SF shop featuring 14 ft sidewalls, four 12x10ft overhead doors, and a 12x12ft sliding door—perfect for a workshop, storage for recreation vehicles or heavy equipment. Enjoy the evening glow of city lights to the north and the serene beauty of rolling hills to the South during the day.

851 Catron Blvd, Rapid City
$2,340,000
177795 MLS
This 15.34-acre development opportunity is ideally located just south of Rushmore Crossing and I-90, within the heart of Rapid City’s primary retail corridor. The property features over 1,650 feet of frontage along E Anamosa St, positioned between Lacrosse St and E North St. E Anamosa St continues to expand as an important east–west corridor in Rapid City. Planned connections to Elk Vale Rd are expected to further improve access and support long-term development potential in the area. The property is currently zoned Light Industrial, providing flexible development options for a wide range of commercial or mixed-use concepts. The site is divided by Anamosa St, with approximately 6.81 acres on the north side and 8.53 acres on the south side, creating opportunities for multiple complementary uses within a single development plan. Surrounding retail and multifamily projects currently under construction demonstrate the strong growth in the area and suggest that future rezoning would likely receive favorable consideration. For additional information, contact Chris Long, SIOR, CCIM at 605-335-8100.

E Anamosa, Rapid City
$2,340,000
87680 MLS
This 15.34-acre development opportunity is ideally located just south of Rushmore Crossing and I-90, within the heart of Rapid City’s primary retail corridor. The property features over 1,650 feet of frontage along E Anamosa St, positioned between Lacrosse St and E North St. E Anamosa St continues to expand as an important east–west corridor in Rapid City. Planned connections to Elk Vale Rd are expected to further improve access and support long-term development potential in the area. The property is currently zoned Light Industrial, providing flexible development options for a wide range of commercial or mixed-use concepts. The site is divided by Anamosa St, with approximately 6.81 acres on the north side and 8.53 acres on the south side, creating opportunities for multiple complementary uses within a single development plan. Surrounding retail and multifamily projects currently under construction demonstrate the strong growth in the area and suggest that future rezoning would likely receive favorable consideration. For additional information, contact Chris Long, SIOR, CCIM at 605-335-8100.

E Anamosa Street, Rapid City
$1,888,000
5 Beds ⋅ 4 Baths ⋅ 87640 MLS
Listed with TJ Wojtanowicz at Black Hills Realty, 605-863-1920. Welcome to Stoney Creek Reserve, Rapid City’s newest westside development with big views of the Northern Hills, Needles, and Southern Hills. Construction will begin soon—call today to reserve your lot and floor plan. Exclusively built by New House Builds LLC, this ranch-style home is scheduled to start in April 2026, with completion anticipated by November 2026. The plan features 5 bedrooms, 3 bathrooms, a 3-car garage, and over 5600 finished square feet. Construction includes full landscaping with an allowance. Similar builds by this trusted builder are available for review upon request. Buyers must sign off on covenants. Floor plans available upon request. DO NOT ACCESS development without permission. This is an active construction site

Lot 15 Overview Lane, Rapid City
$1,888,000
5 Beds ⋅ 177735 MLS
Listed with TJ Wojtanowicz at Black Hills Realty, 605-863-1920. Welcome to Stoney Creek Reserve, Rapid City’s newest westside development with big views of the Northern Hills, Needles, and Southern Hills. Construction will begin soon—call today to reserve your lot and floor plan. Exclusively built by New House Builds LLC, this ranch-style home is scheduled to start in April 2026, with completion anticipated by November 2026. The plan features 5 bedrooms, 3 bathrooms, a 3-car garage, and over 5600 finished square feet. Construction includes full landscaping with an allowance. Similar builds by this trusted builder are available for review upon request. Buyers must sign off on covenants. Floor plans available upon request. DO NOT ACCESS development without permission. This is an active construction site

Lot 15 Overview Ln Lot 15, Rapid City
$2,475,000
177720 MLS
Listed by Alan Smoot of Town & Country Real Estate 605-391-3321. This Heavy Industrial District property features 7 insulated and heated warehouse buildings, offering a total of 17,676 sq. ft. of warehouse space. The 7 buildings are situated on 3 contiguous parcels of land, totaling 16.66 acres, is known as 2130 Dyess Ave. and as 2858 Flack Lane. It is located in one of the busiest heavy industry corridors in Rapid City and the Black Hills Area, and is ideal for businesses looking for ample space, strategic positioning and proximity to I-90 and major highways.

2130 Dyess Ave 2858 Flack Lane, Rapid City
$9,060,000
87427 MLS
Rapid City is a core regional market serving the Black Hills and a multi-state trade area spanning western South Dakota, northeastern Wyoming, and portions of Nebraska and Montana—supporting durable tenant demand and long-term cash flow. The property is located on Haines Avenue just south of Interstate 90, with traffic counts exceeding 35,000 vehicles per day. This highly visible site offers excellent access and consistent customer flow. Haines Avenue is a primary north–south arterial connecting I-90 to downtown Rapid City and the city’s main medical corridor. Recent capital improvements (2024–2025) include an extensive interior remodel (including multiple office/warehouse spaces on the 27,342sf, 2nd-floor mezzanine), parking lot refinishing and restriping, new LED lighting, and exterior paint. Planet Fitness invested over $2.5 million in its approximately 30,000-square-foot space, reinforcing its long-term commitment. In January 2026, the tenants executed new 12-year NNN leases with multiple 5-year renewal options, providing stable, predictable income. The investment offers a 7.59% Year One cap rate on base rent, with tenant reimbursement of capital improvements over an amortized term. Listed by: Randy Olivier, RE/MAX Advantage | 605-430-6246

1845 Haines Avenue, Rapid City
$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 mezzanine), a complete 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. In January 2026, each tenant (see addendum for details) 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 7.59% 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. Listed by: Randy Olivier RE/MAX Advantage 605-430-6246

1845 Haines Ave, Rapid City