822 MAIN Rapid City, SD 57701

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  • 0.24 Acres
  • Commercial
  • MLS# 152911
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Views: 160 Days On Site: 25

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Property Details

Listed by, Elli Thurston, 605-484-5226. Unique downtown investment opportunity! The historic Gambrill Building constructed in 1911 is located in the heart of Downtown Rapid City on Main Street and offers both commercial & residential property. The 5 multi-residence apartments on the second level are at full capacity, as well as, 5,520 sq. ft. of premier office space. The main floor is fully rented by long-term commercial tenants. Both commercial & residential rents are current. The full basement is not occupied at this time, however, actively marketing the lower-level & offers additional cash flow when leased. The lower-level has two entrances, one shared bathroom and one half bath. The building is listed on the Historic Registrar and preserves the original character, as well as, architecturally updated interior design. The exposed brick, sandstone walls, and 7 ft. square skylight from the original elevator shaft lends itself to the building design and historical nature.

  • General Features
    • View City
    • Auction Y/N No
    • Area City Center
    • Sale/Rent For Sale
  • Building Features
    • Basement Full, Finished
    • Construction Masonry,Wood Frame
    • COOLING Central,Window/Wall
    • Exterior Walls Brick, Block
    • FLOOR COVERING Concrete,Tile,Carpet
    • Foundation Stone
    • Heating Gas, Forced Air, Radiant
    • INTERIOR WALLS Sheetrock,Paneling,Plaster
    • Office SqFt 5,520
    • Parking SqFt 7,000
    • Rent SqFt 7820
    • ROOF TYPE Rubber
    • SqFt Total1 7820
  • Property Features
    • PARKING On-Street,Asphalt/Off-Street
    • ROAD FRONTAGE Major Artery,City/County



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
104 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: $895,000
      2/10/2021 3:24:29 PM Status Changed Source New Value: U/C CONTINGENCY
      2/9/2021 9:24:00 AM New in Database Source New Value: $895,000

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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.