Black Hills, SD Commercial Real Estate for Lease - 51 Listings

1161 Deadwood Ave

1161 Deadwood Ave, Deadwood Avenue, Rapid City, SD
Property

Office

18,102 SF
Availability

1 Space

2,400 SF
Year Built

1999
For Lease

$4,042.20/MO
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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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2330 SOPHIA CT

2330 SOPHIA CT, Creekside Estates, Rapid City, SD
Property

Industrial

6,000 SF
Availability

1 Space

6,000 SF
For Lease

$5,125.00/MO
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Retail space for lease

313 West Jackson Boulevard, Spearfish, SD
Property

Retail

2,970 SF
Availability

1 Space

2,970 SF
For Lease

$15.00/SF/YR
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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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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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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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TBD Lot 3 Dyess Ave, Rapid City SD

Rapid City Road, Silver Strike, Rapid City, SD
Property

VacantLand
Availability

1 Space

215,186 SF
For Lease

$0.19/SF/YR
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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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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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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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Endcap/Drive-through at 3851 Eglin Street, Rapid City SD

Rapid City Road, Lagrand, Rapid City, SD
Property

Retail

2,508 SF
Availability

1 Space

2,508 SF
For Lease

$15.00/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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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 2.17 Acres, Rapid City SD

South Valley Drive, Fravel, Rapid City, SD
Property

VacantLand
Availability

1 Space

94,525 SF
For Lease

$1.20/SF/YR
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520 Kansas City St

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

Office

18,000 SF
Availability

2 Spaces

3,700 SF
For Lease

$20.00 - $21.23/SF/YR
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528 Kansas City Street, Rapid City SD

Rapid City Road, Downtown Rapid City, Rapid City, SD
Property

Office

15,000 SF
Availability

3 Spaces

5,092 SF
For Lease

$12.15 - $204.00/SF/YR
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3.1A 5th Street, Rapid City SD

5th Street, Big Sky, Rapid City, SD
Property

VacantLand
Availability

1 Space

65,340 SF
For Lease

$2.00/SF/YR
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628 1/2 6th Street, Rapid City

628 1/2 6th Street, Downtown Rapid City, Rapid City, SD
Property

Office

15,000 SF
Availability

5 Spaces

2,096 SF
Year Built

1954
For Lease

$20.00 - $43.48/SF/YR
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1.6a E Stumer Road, Rapid City SD

Rapid City Road, Black Hills Center, Rapid City, SD
Property

VacantLand
Availability

1 Space

69,696 SF
For Lease

$2.00/SF/YR
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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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Endcap with drive-through windows for lease

3851 Eglins Street Ste 2, Lagrand, Rapid City, SD
Property

Retail

2,508 SF
Availability

1 Space

2,508 SF
Year Built

2007
For Lease

$12.00/SF/YR
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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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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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2015 Hope Ct

2015 Hope Ct, Cedar Chase Acres, Rapid City, SD
Property

VacantLand
Availability

1 Space

43,560 SF
For Lease

$1.50/SF/YR
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68 Sherman St

68 Sherman St, Deadwood, SD
Property

Office

1,553 SF
Availability

1 Space

1,553 SF
For Lease Contact for pricing
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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 Black Hills commercial real estate market incorporates 177,518 square feet of office space across 24 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 Black Hills commercial real estate market includes 871,787 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 Black Hills market, there is a total of 143,981 square feet of industrial property.

The listing inventory in Black Hills 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 Black Hills is represented by Retail space, which accounts for 142,174 square feet of available listings. Office space available in Black Hills adds up to 69,871 square feet.

Meanwhile, most of the listings of commercial property for sale in Black Hills are in the Retail 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 Black Hills is $14.24 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 Black Hills 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 Black Hills, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Black Hills 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 Cimarron.

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 $36.05 per square foot. In particular, the property type commanding the highest lease rates in Black Hills was Office space.

The average size of a commercial property in Black Hills 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 Black Hills, the average size of an office property is 8,069 square feet.
Retail properties here incorporate an average of 58,120 square feet.
Industrial space in Black Hills is in buildings that are, on average 14,399 square feet in size.

Black Hills, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Black Hills currently add up to 1,577,701 square feet. The market offers 23 active office listing(s), which amount to 69,871 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 142,174 square feet across 9 retail space(s). Industrial space for rent opportunities in Black Hills amount to 28,800 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	23	69,871
Retail	9	142,174
Industrial	4	28,800
Other	13	1,336,856

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 Black Hills, SD. Currently, there is 361,623 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 7 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	2,184
Retail	7	36,013
Industrial	6	115,181
Other	15	208,245

Black Hills, SD Commercial Real Estate for Lease - 51 Listings

1161 Deadwood Ave

Parkside Professional Building

2330 SOPHIA CT

Retail space for lease

1760 Centre Street

516 7th Street

1845 Haines Ave

TBD Lot 3 Dyess Ave, Rapid City SD

Aspen Centre West

Rushmore Crossing

528 Kansas City St, Rapid City SD

Endcap/Drive-through at 3851 Eglin Street, Rapid City SD

402 Saint Joseph Street

701 MAIN

Land Lease 2.17 Acres, Rapid City SD

520 Kansas City St

528 Kansas City Street, Rapid City SD

3.1A 5th Street, Rapid City SD

628 1/2 6th Street, Rapid City

1.6a E Stumer Road, Rapid City SD

Former Schwann's Ice Cream Warehouse & Distribution

Endcap with drive-through windows for lease

1.5a 5th Street, Rapid City - Land Lease

Gateway Crossing

2015 Hope Ct

68 Sherman St

Frequently Asked Questions

Black Hills, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Black Hills, SD Commercial Real Estate for Lease - 51 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Black Hills, SD?

What factors affect the price of commercial real estate in Black Hills, SD?

What is the average rent for commercial space in Black Hills, SD?

What are the best areas for commercial real estate in Black Hills, 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 Black Hills, SD?

Black Hills, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us