Rapid City, SD Commercial Real Estate for Lease and Sale

Explore 37 listings of Rapid City commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

528 Kansas City St, Rapid City SD

528 Kansas City Street, Downtown Rapid City, Rapid City, SD
Property

Office

15,000 SF
Availability

3 Spaces

4,391 SF
Year Built

1954
For Lease

$12.14 - $15,588.00/SF/YR
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Parkside Professional Building

2800 Jackson Boulevard, Sioux Park, Rapid City, SD
Property

Office

12,863 SF
Availability

1 Space

1,792 SF
Year Built

1967
For Lease Contact for pricing
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Rodeway Inn

1313 North Lacrosse Street, Knollwood Heights, Rapid City, SD
Property

Other

15,031 SF
For Sale

$1,900,000
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Gateway Business Park - Lot 6

1506 Discovery Circle, Discovery, Rapid City, SD
Property

VacantLand
For Sale

$912,000
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516 7th Street

516 7th Street, Downtown Rapid City, Rapid City, SD
Property

Retail

3,278 SF
Availability

1 Space

3,278 SF
For Lease

$3,600.00/MO
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1760 Centre Street

1760 Centre Street, Sale Barn, Rapid City, SD
Property

Office

1,000 SF
Availability

1 Space

1,000 SF
For Lease

$1,200.00/MO
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Rushmore Crossing

1225 Eglin St., Rushmore Crossing, Rapid City, SD
Property

Retail

700,000 SF
Availability

1 Space

6,400 SF
For Lease Contact for pricing
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1845 Haines Ave

1845 Haines Ave, Northern Heights, Rapid City, SD
Property

Unassigned

93,799 SF
Availability Contact for availability

For Lease Contact for pricing
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Gateway Business Park - Lot 7

1506 Discovery Circle, Discovery, Rapid City, SD
Property

VacantLand
For Sale

$612,000
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Aspen Centre West

631 Saint Anne St, South Boulevard, Rapid City, SD
Property

Office

28,000 SF
Availability

3 Spaces

17,992 SF
For Lease

$9.00 - $21.00/SF/YR
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402 Saint Joseph Street
The Garage Rapid City
402 Saint Joseph Street, Rapid City, SD
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Bike sharing

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Lockable filing cabinets

Mail services

Parking

Storage area
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2.55A E Anamosa, Rapid City - Land lease E Anamosa St

2.55A E Anamosa Street, Anamosa Crossing, Rapid City, SD
Property

VacantLand
Availability

1 Space

111,078 SF
For Lease

$2.00/SF/YR
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1510 HAINES AVE

1510 HAINES AVE, Mahoney, Rapid City, SD
Property

Retail

16,989 SF
For Sale

$515,504
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1.5a 5th Street, Rapid City - Land Lease

1.5a 5th Street, Black Hills Center, Rapid City, SD
Property

VacantLand
Availability

1 Space

65,340 SF
For Lease

$2.00/SF/YR
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3468 Sturgis Rd

3468 Sturgis Rd, Lime Creek, Rapid City, SD
Property

Other

2,500 SF
For Sale

$2,700,000
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Former Schwann's Ice Cream Warehouse & Distribution

2929 Creek Dr, South Creek Industrial Park, Rapid City, SD
Property

Industrial

5,400 SF
Availability

1 Space

5,400 SF
Year Built

1993
For Lease

$15.00/SF/YR
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701 MAIN

701 MAIN, Downtown Rapid City, Rapid City, SD
Property

Office

6,300 SF
Availability

1 Space

6,300 SF
For Lease

$9,450.00/MO
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Land Lease : 2.17A S Valley Drive

2.17A S Valley Drive, West Rapid Valley, Rapid City, SD
Property

VacantLand
Availability

1 Space

94,525 SF
For Lease

$1.20/SF/MO
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520 Kansas City Street

520 Kansas City St, Downtown Rapid City, Rapid City, SD
Property

Office

4,952 SF
Availability

1 Space

1,870 SF
Year Built

1962
For Lease

$11.55/SF/YR
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1510 Haines Avenue

1510 Haines Avenue, Mahoney, Rapid City, SD
Property

VacantLand
For Sale

$665,000
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2929 Creek Dr, Rapid City SD

2929 Creek Dr, South Creek Industrial Park, Rapid City, SD
Property

Industrial

5,400 SF
Year Built

1993
For Sale

$775,000
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620 West Blvd

620 West Blvd, Downtown Rapid City, Rapid City, SD
Property

Office

1,312 SF
Availability

1 Space

1,312 SF
For Lease

$2,500.00/MO
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2101 Mount Rushmore Rd

2101 Mount Rushmore Rd, Saint Elmo, Rapid City, SD
Property

Office

1,560 SF
Availability

1 Space

1,560 SF
For Lease

$2,860.00/MO
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201 MAIN ST

201 MAIN ST, Downtown Rapid City, Rapid City, SD
Property

Office

9,006 SF
Availability

1 Space

106 SF
For Lease

$600.00/MO
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Gateway Crossing

1902 N Lacrosse St, Rushmore Crossing, Rapid City, SD
Property

VacantLand

301,000 SF
Availability

1 Space

301,000 SF
For Lease Contact for pricing
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Hobby Lobby | 24 Years of Successful Occupancy

490 E Disk Dr, Rushmore Mall, Rapid City, SD
Property

Other

66,000 SF
For Sale

$4,400,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Rapid City commercial real estate market incorporates 80,588 square feet of office space across 14 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Rapid City commercial real estate market includes 823,916 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Rapid City market, there is a total of 20,800 square feet of industrial property.

The listing inventory in Rapid City incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Rapid City is represented by Retail space, which accounts for 130,316 square feet of available listings. Office space available in Rapid City adds up to 43,805 square feet.

Meanwhile, most of the listings of commercial property for sale in Rapid City are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Rapid City is $14.6 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Rapid City can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Rapid City, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Rapid City is in the Downtown Rapid City neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Rapid City area.

Meanwhile, retail space opportunities are most abundant in the Lagrand submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Commerce Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24.85 per square foot. In particular, the property type commanding the highest lease rates in Rapid City was Office space.

The average size of a commercial property in Rapid City depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Rapid City, the average size of an office property is 6,716 square feet.
Retail properties here incorporate an average of 205,979 square feet.
Industrial space in Rapid City is in buildings that are, on average 5,200 square feet in size.

Rapid City, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Rapid City currently add up to 8,957,003,967 square feet. The market offers 14 active office listing(s), which amount to 43,805 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 130,316 square feet across 4 retail space(s). Industrial space for rent opportunities in Rapid City amount to 7,400 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	43,805
Retail	4	130,316
Industrial	2	7,400
Other	8	8,956,822,446

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Rapid City, SD. Currently, there is 331,931 square feet of commercial property for sale here , which includes 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	2	13,400
Other	5	318,531

Rapid City, SD Commercial Real Estate for Lease and Sale

528 Kansas City St, Rapid City SD

Parkside Professional Building

Rodeway Inn

Gateway Business Park - Lot 6

516 7th Street

1760 Centre Street

Rushmore Crossing

1845 Haines Ave

Gateway Business Park - Lot 7

Aspen Centre West

402 Saint Joseph Street

2.55A E Anamosa, Rapid City - Land lease E Anamosa St

1510 HAINES AVE

1.5a 5th Street, Rapid City - Land Lease

3468 Sturgis Rd

Former Schwann's Ice Cream Warehouse & Distribution

701 MAIN

Land Lease : 2.17A S Valley Drive

520 Kansas City Street

1510 Haines Avenue

2929 Creek Dr, Rapid City SD

620 West Blvd

2101 Mount Rushmore Rd

201 MAIN ST

Gateway Crossing

Hobby Lobby | 24 Years of Successful Occupancy

Frequently Asked Questions

Rapid City, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Rapid City, SD Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Rapid City, SD?

What factors affect the price of commercial real estate in Rapid City, SD?

What is the average rent for commercial space in Rapid City, SD?

What are the best areas for commercial real estate in Rapid City, SD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Rapid City, SD?

Rapid City, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us