Property in Unknown, XX - other in Rapid City, SD
Other

Property in Unknown, XX

Fairmont Grand, Rapid City, SD 57701

Price

$1,500,000

Price/Sq Ft

$1.00

Description

Rapid City Inpatient Opportunity 409 East Fairlane is currently being operated as an assisted living facility but is perfectly set up for multiple alternative uses. The property is designed as four separate buildings on 3 acres with ample room for expansion. The indepdent building set up allows for various patient populations to co-locate within the facility. There are currently 64 beds available at the property comprised of 4 different floor plans. Most beds are single occupancy with some dual-occupancy options. As a result of its previous occupancy, the Fairmont offers many amenities such as community living space and common area, activity and game rooms, full service hair salon, computer areas, laundry facilities, and community clubhouse.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

Fairmont Grand, Rapid City, SD 57701

Marker
Leaflet © OpenStreetMap contributors

Market Context

This other in Rapid City, SD is listed for sale at $1,500,000. It has been on the market for 147 days.

Compare it against other other listings for sale in Rapid City, SD to benchmark pricing and space — view the full market.

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.0%
Avg Weekly Wage:$1,250

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population113,512
Median Income$75k
College Educated29.7%↓ 3.7pp
Median Age40.1 yrs
Median Home Value$302k
Unemployment3.2%

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: other in Rapid City, SD

Documents

Contact Broker

Listed by

CBRE System Import