Black Hills, SD Commercial Real Estate for Lease and Sale

Explore 62 listing(s) of commercial real estate in Black Hills, SD to find the best space for your business.

CRE Market FAQs

The Garage Rapid City
The Garage Rapid City
402 Saint Joseph Street, Rapid City, SD
Space Type

Private Offices
For Lease

Contact for pricing
View Details (opens in new window)
TBD N MALL DR

Mall Drive, Rushmore Mall, Rapid City, SD
Property Type

VacantLand
For Sale

$1,200,000
View Details (opens in new window)
431 N River Hot Springs

431 North River Street, Hot Springs Center, Hot Springs, SD
Property Type

Retail
For Sale

$135,000
Built in 1929 / Property size 1,475 SF
View Details (opens in new window)
1002 W Main Street

1002 West Main Street, Founders Park North, Rapid City, SD
Space Type

Office
For Lease

$33.38 - $46.75/SF/YR
3 spaces available / 1,500 - 6,000 SF
View Details (opens in new window)
4021 Range Road

4021 Range Road, Western Heights, Rapid City, SD
Property Type

Special Purpose
For Sale

$135.32/SF
Built in 1994 / Property size 4,131 SF
View Details (opens in new window)
Lot 2 Pilot Way

Lot 2 Pilot Way, Cimarron, Box Elder, SD
Property Type

Land
For Sale

$699,000
Property size 66,646.8 SF
View Details (opens in new window)
Premium Retail, Office, or Hospitality Lot

1424 Luna Ave, Rushmore Center, Rapid City, SD
Property Type

VacantLand
For Sale

$799,000
View Details (opens in new window)
TBD N Lacrosse Street

North Lacrosse Street, Lacrosse Estates, Rapid City, SD
Property Type

VacantLand
For Sale

$2,400,000
View Details (opens in new window)
MassaBerry Building
MassaBerry Building
890 Lazelle Street, Sturgis, SD
Space Type

Private Offices
For Lease

Contact for pricing
View Details (opens in new window)

Frequently Asked Questions

The average rent for commercial real estate in Black Hills is $13.35 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Black Hills costs $6.85, while the city’s premium locations ask up to $25.
The best area for commercial real estate in Black Hills will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Downtown Rapid City, home to no fewer than 12 listings for space of all types. If you're looking for office space, Downtown Rapid City has the highest concentration of office listings at 11.

Meanwhile, Owen Hibbard has the highest number of industrial availabilities (4), while Pine View boasts the largest number of retail listings in the city (3).
CommercialCafe’s CRE offering in Black Hills is enabled by a network of 10 active brokers from 7 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Black Hills is Office space.

Black Hills, SD Commercial Space Listings

Commercial Space for Lease - Breakdown

The 30 listings for commercial real estate currently available for rent in Black Hills add up to 208,564 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	11	58,618
Retail	10	66,290
Industrial	9	83,656

Office properties:

The market has 11 active office listings, encompassing 58,618 square feet.
Black Hills office spaces currently listed on CommercialCafe represent 36% of the total commercial real estate market in Black Hills, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 10 retail listings available, adding up to a total of 66,290 square feet.
Retail spaces account for approximately 33% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Black Hills offers 9 listings, amounting to 83,656 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 30% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 28 properties listed for sale in the Black Hills market, adding up to 155,148 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

2 office properties
2 retail properties
5 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	2	11,843
Retail	2	5,275
Industrial	5	41,168
Other	19	96,862

Black Hills, SD Commercial Real Estate for Lease and Sale

The Garage Rapid City

TBD N MALL DR

431 N River Hot Springs

1002 W Main Street

4021 Range Road

Lot 2 Pilot Way

Premium Retail, Office, or Hospitality Lot

TBD N Lacrosse Street

MassaBerry Building

Frequently Asked Questions

Black Hills, SD Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches