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1631 Addison Avenue

Rapid City, SD 57701
  • $2,000,000
  • STATUS: Closed
  • ON SITE: 307 Days
  • MLS #: 85314
Sold - 11/26/2025
$2,000,000
SOLD - 11/26/2025
  • 0
    BEDS
  • 1.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,200
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2018

School Ratings & Info

Description

Prime Investment Opportunity in Southeast Rapid City! Dont miss this exceptional opportunity to own a fully occupied Class A commercial building located in the heart of Southeast Rapid City near the growing medical corridor. Built in 2018, this well-maintained property offers 10,440 sq ft of premium space, currently 100% leased to two long-term, high-quality tenants. Situated on 1.8 acres, the site includes 80 paved parking spaces, city water and sewer, and a fire sprinkler system throughout the building. The property is fully developed with ample parking and is zoned and ready for the construction of an additional building " an excellent opportunity to expand and maximize returns. With strong existing leases and room for future growth, this property is an ideal addition to any investors portfolio. Contact us today for more information or to schedule a private tour!

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© 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2026-05-20T23:44:44.753.
www.blackhillshomesd.com/homes/166023333
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1631 Addison Avenue Rapid City, SD 57701

  • Price: $2,150,000
  • Status: Closed
  • On Site: 307 Days
  • Updated: 59 min ago
  • MLS #: 85314
0
Beds
0
Baths
0
½ Baths
1.8
Acres
7,200
SQFT
$0
$/SQFT
2018
Built
Neighborhood:
Rapid City Southeast
Area:
Rapid City Southeast
Property Description
Prime Investment Opportunity in Southeast Rapid City! Dont miss this exceptional opportunity to own a fully occupied Class A commercial building located in the heart of Southeast Rapid City near the growing medical corridor. Built in 2018, this well-maintained property offers 10,440 sq ft of premium space, currently 100% leased to two long-term, high-quality tenants. Situated on 1.8 acres, the site includes 80 paved parking spaces, city water and sewer, and a fire sprinkler system throughout the building. The property is fully developed with ample parking and is zoned and ready for the construction of an additional building " an excellent opportunity to expand and maximize returns. With strong existing leases and room for future growth, this property is an ideal addition to any investors portfolio. Contact us today for more information or to schedule a private tour!
Exterior Features

Construction Frame Lot Description Corner Lot Lot Size 1.8 Acres Parking CommonPavedParking Lot Parking Spaces 80 Road Surface Blacktop

Interior Features

Approx Building Sq Ft 7200 Basement Substructure Slab Cooling Evap. C/Air Heating Natural GasForced Air

Property Features

Access Public Access Auction YN No Commercial Property Type CI Land w/Building Documents On File FinancialsLeaseLegal DescriptionProfit/Loss StatementSurveyOther (See Remarks) Electric Location To Lot Flood Plainy NU Unknown For Sale Or Rent For Sale Number Of Building Levels 1 Occupant Long Term Tenant Possession Negotiable Short Sale No Subdivision YN Yes Terms CashNew Loan Type Lot Development Property

[Mount Rushmore Area Association of Realtors] logoListing information © 2026 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Tj Wojtanowicz of Black Hills SD Realty: 605-791-2249.



© 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2026-05-20T23:44:44.753.
 
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Keller Williams Realty Black Hills
2401 W Main Street
Rapid City SD, 57702