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157 E Main St
Rapid City, SD 57701
Industrial Property For Sale
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1946 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.38 AC | Clear Ceiling Height | 15’ |
| Rentable Building Area | 8,400 SF | ||
| Zoning | Light Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.38 AC |
| Rentable Building Area | 8,400 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 1.19/1,000 SF |
| Clear Ceiling Height | 15’ |
| Zoning | Light Industrial |
About 157 E MAIN ST , RAPID CITY, SD 57701
Fully Leased Investment Property! Two buildings - warehouse and single family home located near SD School of Mines and one block south of Omaha St on Maple - convenient, easy access to downtown and Hwy 44. Warehouse (157 E Main St): Leased to 605 Grit Fitness on a 3 year lease at $2,500 per month through June 2022. 3% annual increase after the first year. 10’x10’ overhead door, new roof in 2019, and tenant improvements throughout. Gym provides fitness classes throughout the day and 24/7 access to members. Single Family Home (502 Maple Ave): Month-to-month lease at $1,100 per month. Current tenant has occupied for 5+ years. One block east of new Ascent Innovation Campus to open in late 2020.
Property Taxes
| Parcel Number | 0037848 | Improvements Assessment | $251,200 |
| Land Assessment | $124,900 | Total Assessment | $376,100 |
Property Taxes
Parcel Number
0037848
Land Assessment
$124,900
Improvements Assessment
$251,200
Total Assessment
$376,100
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