118 MAIN ST $1,300,000


    118 MAIN ST Rapid City, SD 57701

    • 0 Beds
    • 0 Baths
    • 0 sq.ft.
    • Multi-Family
    MLS# 140125 | ACTIVE


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    Days On Market: 170 5 Views
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    Property Details

    Investment Opportunity! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, this former warehouse located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighboring businesses include Armadillo's Ice Cream, BHFCU's new building to the west, and Pure Bean Coffeehouse and Dakotah Bank across the street. Walking distance to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, and downtown restaurants and nightlife. Current rents are well below market in the surrounding area. Listed by Chris Long, 605-939-4489, Keller Williams Realty Black Hills.

    • General Features
      • Type Multiplex
      • Year Built 1959
      • Subdivision ORIGINAL TOWN
      • Area City Center
      • County Pennington
    • Property Features
      • Parking Paved, Carport
      • Lot Size 0.43
      • Number of Units 9


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    Market Last 30 Days

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $1,300,000
    7/31/2018 11:39:00 AM New in Database Source

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    Data last updated: 1/17/2019