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12300 W Hwy 44 3,456 SF 100% Leased Retail Building Rapid City, SD 57702 $549,000 ($158.85/SF)
Investment Highlights
- High visibility location along Hwy 44 with ~2,500 vehicles/day
- Ample on-site gravel parking and covered canopy for expansion
- Located near Johnson Siding in the Black Hills region
- Former gas station with potential to reintroduce fuel component
Executive Summary
The subject property at 12300 W Hwy 44 in Rapid City, SD is a fully remodeled former gas station totaling 2,136 SF, complemented by a 1,320 SF secondary building. The main structure has undergone extensive interior and exterior upgrades, including a new roof, updated mechanical systems, modernized utilities, and improved finishes throughout. The site features a walk-in cooler, strong visibility along Hwy 44, and ample parking, with a reported daily traffic count of approximately 2,500 vehicles. The secondary building provides additional income potential with a leased suite and multiple storage units. The property offers future upside with the potential to reinstall fuel infrastructure, though an environmental review associated with the prior system removal is currently in progress.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,456 SF
Building Class
C
Year Built/Renovated
1959/2025
Price
$549,000
Price Per SF
$158.85
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.44 AC
Zoning
Commercial - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Mining, Quarrying, and Oil and Gas Extraction
- -
- -
- -
Conoco began as the Continental Oil and Transportation Company in the late nineteenth century and later became a petroleum brand after major corporate changes in the U.S. oil industry. The brand operates within Phillips 66's fuels and lubricants network, alongside Phillips 66 and 76, and is used at fuel outlets that serve drivers with gasoline, convenience items, and station-based services. Conoco offers a station finder, the Fuel Forward app, credit card offers, and consumer promotions, giving the brand a broad retail presence tied to everyday fueling and travel needs.
- Johnson's Siding General Store
- Retailer
- -
- -
- -
- Rimrock Happy Tavern
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Mining, Quarrying, and Oil and Gas Extraction | - | - | - | ||
| Johnson's Siding General Store | Retailer | - | - | - | ||
| Rimrock Happy Tavern | Accommodation and Food Services | - | - | - |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $319,200 | |
| Land Assessment | $106,800 | Total Assessment | $426,000 |
Property Taxes
Parcel Numbers
Land Assessment
$106,800
Improvements Assessment
$319,200
Total Assessment
$426,000
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12300 W Hwy 44