118 MAIN ST $1,250,000


    118 MAIN ST Rapid City, SD 57701

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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 151494
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    Views: 311 Days On Site: 104

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    Property Details

    Opportunity to buy into the growth of Downtown Rapid City! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, property located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighbors Armadillo's Ice Cream, BHFCU to the west, Fairmont Creamery Building and Dakotah Bank across the street. Close to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, restaurants and nightlife. Growth potential with under market rents, unrealized parking income and possibility for vacation rental use. Listed by Chris Long, 605-939-4489, Keller Williams Realty Black Hills.

    • General Features
      • Zoning Conforming
      • Year Built 1959
      • Area City Center
      • Auction Y/N No
      • County Pennington
      • MISCELLANEOUS Individual Heat & Air
      • Subdivision ORIGINAL TOWN
      • View City
      • Sale/Rent For Sale
    • Building Features
      • Air Conditioning Central
      • Construction Concrete Block
      • Foundation Concrete Block
      • Heating Gas
      • ROOF Other
      • Style 2 Story
    • Property Features
      • Lot Size 0.43
      • INCLUDES All Units,Refrigerator,Range/Oven,Dishwasher,Washer,Dryer
      • Lot Type Interior
      • WATER City
      • PARKING Paved,Carport
      • SEWER City






    Primary: 605-939-4489


    57701 (Rapid City) Demographics

    34 Median Age
    637 Population Density (per sq. mile)
    33% College Educated
    $41,316 Estimated Median Income
    9,970 Estimated Total Home Owners
    7,926 Estimated Total Renters
    56% / 44% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    45,122 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    83 New On Market

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,250,000
        12/1/2020 4:24:21 PM Status Changed Source New Value: U/C CONTINGENCY
        10/5/2020 5:25:00 PM New in Database Source New Value: $1,250,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.