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118 Main St
Rapid City, SD 57701
City Apartments · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 8,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1959/2017 |
| Building Class | B | Parking Ratio | 1.74/1,000 SF |
| Zoning | Urban Commercial | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 8,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2017 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | Urban Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Island Kitchen
- Loft Layout
- Skylights
- Smoke Free
ABOUT 118 MAIN ST , RAPID CITY, SD 57701
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.
PROPERTY TAXES
| Parcel Number | 3701206011 | Improvements Assessment | $1,193,300 |
| Land Assessment | $281,000 | Total Assessment | $1,474,300 |
PROPERTY TAXES
