2101 Mount Rushmore Rd
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2101 Mount Rushmore Rd
7,656 SF 33% Leased Retail Building Rapid City, SD 57701 $1,875,000 ($245/SF) 6.52% Cap Rate
Investment Highlights
- Entire Block of Mt Rushmore Rd Frontage
Executive Summary
Imagine exposing your business to over 26,000 vehicles per day! Fronting Mt Rushmore Rd for an entire city block at a lightedintersection with plenty of parking for a variety of potential uses, this updated property offers an exceptional opportunity for visibility to theuser and a desireable portfolio addition to the passive investor. Modern and functional finishes with fire suppression in place throughoutthe building, enclosed 48x16 patio area, elevated and lighted monument sign all in place at a price far less than current constructioncosts. Take advantage of projected growth in one of Rapid City's major arterial locations!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$158,680
|
$20.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$158,680
|
$20.73
|
| Taxes |
$20,600
|
$2.69
|
| Operating Expenses |
$15,897
|
$2.08
|
| Total Expenses |
$36,497
|
$4.77
|
| Net Operating Income |
$122,183
|
$15.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $158,680 |
| Annual Per SF | $20.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $158,680 |
| Annual Per SF | $20.73 |
| Taxes | |
|---|---|
| Annual | $20,600 |
| Annual Per SF | $2.69 |
| Operating Expenses | |
|---|---|
| Annual | $15,897 |
| Annual Per SF | $2.08 |
| Total Expenses | |
|---|---|
| Annual | $36,497 |
| Annual Per SF | $4.77 |
| Net Operating Income | |
|---|---|
| Annual | $122,183 |
| Annual Per SF | $15.96 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,656 SF
Building Class
C
Year Built/Renovated
2009/2016
Price
$1,875,000
Price Per SF
$245
Cap Rate
6.52%
NOI
$122,183
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.90 AC
Zoning
C2 - General Commercial
Parking
40 Spaces (5.22 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Kovac's Chiropractic PC
- Health Care and Social Assistance
- 973 SF
- -
- Modified Gross
- -
- Roastin Bean
- Accommodation and Food Services
- 1,560 SF
- -
- Triple Net
- -
- Unify Home Lending
- Professional, Scientific, and Technical Services
- -
- -
- Negotiable
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Kovac's Chiropractic PC | Health Care and Social Assistance | 973 SF | - | Modified Gross | - | |
| Roastin Bean | Accommodation and Food Services | 1,560 SF | - | Triple Net | - | |
| Unify Home Lending | Professional, Scientific, and Technical Services | - | - | Negotiable | - |
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0036855 | Total Assessment | $1,490,300 (2024) |
| Land Assessment | $579,200 (2024) | Annual Taxes | $20,600 ($2.69/SF) |
| Improvements Assessment | $911,100 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0036855
Land Assessment
$579,200 (2024)
Improvements Assessment
$911,100 (2024)
Total Assessment
$1,490,300 (2024)
Annual Taxes
$20,600 ($2.69/SF)
Tax Year
2023
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2101 Mount Rushmore Rd
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