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$ 2,490,000
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 90253
Property Sub-Type Other
Property Description
Well-established commercial investment featuring four strong local tenants, multiple income streams, and immediate upside through lease-up. Current tenants include Ponderosa Smiles Dentistry, Good Dominion Tattoos, Karate for Kids, and K&O Property Management. Two additional spaces provide a clear path to increased occupancy, rental income, and NOI: Front/Corner Anchor + Drive-Thru: Highly visible space ideal for retail, medical, food, service, or other customer-focused uses. Existing drive-thru infrastructure enhances flexibility and value. Rear Office + Warehouse: Versatile space suited for contractors, trades, distributors, service businesses, and other users requiring office, workspace, and storage. Seller Income Protection: If both vacant spaces remain unleased after one year, the seller will reimburse the base rent for the two spaces, providing added protection toward stabilized Year One gross income. Located along Mt Rushmore Rd (Hwy 16), one of Rapid City's key commercial corridors connecting Int 90, downtown, and the Black Hills, this property is positioned to benefit from significant nearby growth, including Sanford Health's planned $500M+ medical campus with approximately 480,000 SF, 168 inpatient beds, and capacity for 168 additional beds. Additional residential, medical, and commercial development is underway near Catron Blvd & Hwy 16, including Buffalo Crossing as well as the soon available NE corner. Listed by Randy Olivier, RE/MAX Advantage, 605.430.6246.
Location
State SD
County Pennington
Area Southeast
Listed by RE/MAX Advantage
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