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.
|--||New Value: $895,000|
|2/10/2021 3:24:29 PM||New Value: U/C CONTINGENCY|
|2/9/2021 9:24:00 AM||New Value: $895,000|