Industrial Property for Sale in Rapid City, SD

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Rapid City, SD 57703
  • Size: 24,000 SF
  • Year built: 2025

Description

This newly constructed 24,000 SF light industrial development is currently in active lease-up with strong tenant demand and projected gross potential rent of $282,000 at stabilization. The property consists of four 6,000 SF warehouse buildings designed for multi-tenant use and demisable into 2,000 SF units. Each unit includes 16’ sidewalls, a 14’ x 14’ overhead door, heated interior space, and a private restroom. The site supports semitruck circulation, paved parking, and optional gravel yard areas Located near I-90 Exit 61 (Elk Vale Road / SD-79) within Rapid City’s established Elk Vale industrial corridor, the property provides convenient interstate access for local and regional users. NNN lease structures and remaining lease-up capacity create a clear path to stabilized income with additional upside through future yard or lot utilization. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980. Contact listing agent for all inquiries. Showings require a minimum 24 hour notice. Information Packet included in associated documents. Interiors will be completed by developer. Building SF: 24000 | Land Size: 2.93 Ac | Year Built: 2025 | Listing Type: FOR SALE

Market Context

This industrial in Rapid City, SD is listed for sale at $2,900,000 across 24,000 SF ($121/SF). The building dates to 2025. It has been on the market for 23 days. Compare it against other industrial listings for sale in Rapid City, SD — <a href="/search/sale/industrial/south-dakota/rapid-city">view the full market</a>.

Unified Estimate

Low Confidence

$102.71/SF – $138.95/SF

Mid: $120.83/SF

Total estimate for 24,000 SF: $2,899,920

Rate estimator only; cost-of-business estimate unavailable.

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