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Rapid City, SD 57701 1631 Addison Ave

1631 Addison Ave Rapid City, SD - Image 11631 Addison Ave Rapid City, SD - Image 21631 Addison Ave Rapid City, SD - Image 3
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Presented By: BLACK HILLS REALTY
  • MLS# 174779
  • 07/16/2025
  • Request Tour
  • Request Info
  • SQFT • 10,440

Home Details

Prime Investment Opportunity in Southeast Rapid City! Don’t 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 investor’s portfolio. Contact us today for more information or to schedule a private tour!
Presented By: BLACK HILLS REALTY

Interior Features for 1631 Addison Ave

Other Interior Features

BasementNone
Floor CoveringCarpet, Concrete, Tile
WallsSheetrock

General for 1631 Addison Ave

Auction Y/NNo
CityRapid City
ConstructionWood Frame
CoolingCentral
CountyPennington
Docs on FileFinancial Statements, Leases, Survey
HeatingForced Air, Gas
Leased100%
ParkingAsphalt/Off-Street
Postal Code57702
Primary CityRapid City
Public RemarksPrime Investment Opportunity in Southeast Rapid City! Don’t miss this exceptional opportunity to own a fully occupied Class A commercial building located in the heart of Southeast Rapid City near t
RoofRubber
Sale/LeaseFor Sale
Sale/RentFor Sale
StatusACTIVE
Status Detail0
SubdivisionSD
TypeOffice
ViewHills

Exterior for 1631 Addison Ave

ExteriorWood
FoundationPoured, Slab
METERSSeparate

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $2,225,000
MLS#174779
List Date 07/16/2025
Property Type Commercial
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