Commercial Real Estate Listings in Rapid City, SD
The Rapid City real estate market has a lot to offer.
You will find that Industrial space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Retail space accounts for the second-largest share of listings on the market.
Type
No. of Listings
Space Available
Office
10
-
Retail
3
1,001,000 Sq. Ft.
Industrial
2
-
Retail
100.00%
Top Locations for Commercial Space in Rapid City, SD
Depending on the type of space that you’re looking for, different areas of Rapid City may suit your needs differently.
The city’s Downtown Rapid City neighborhood has the highest concentration of CRE listings, offering 14 availabilities on the market.
The South Boulevard neighborhood is home to the second-largest number of leasing opportunities — 3 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Downtown Rapid City.
Neighborhood with most CRE Listings
No. of Spaces
Downtown Rapid City
14
South Boulevard
3
Hansen Heights
3
Neighborhood with most Office Listings
No. of Spaces
Downtown Rapid City
14
South Boulevard
3
Hansen Heights
3
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Silver Strike area is the local Rapid City submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Rapid City, you’ll find the most such opportunities for lease to be in Lagrand.
Neighborhood with most Retail Listings
No. of Spaces
Lagrand
1
Rushmore Crossing
1
Commercial Real Estate for Sale in Rapid City, SD
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer.
There are currently 15,038 square feet of commercial property for sale in Rapid City.
The largest investment opportunity on the local market offers 15,031 square feet of earning potential.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Rapid City, SD
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
1902 N Lacrosse St, Rushmore Crossing, Rapid City, SD