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1585 Valley Dr
Rapid City, SD 57703
HWY 44 RETAIL PROPERTY · Retail Property For Sale
Investment Highlights
- Well-positioned commercial property in Rapid City, a key economic hub serving western South Dakota and the Black Hills region.
- Strategic location with connectivity to downtown Rapid City, regional retail centers, and employment hubs.
- Convenient access to major transportation corridors, including Interstate 90 and primary city thoroughfares.
- Proximity to Rapid City Regional Airport and major regional distribution routes.
Executive Summary
Corner commercial property along Highway 44, currently used as a car lot. The 1,920 SF building on a 0.33-acre paved lot includes a 1,275 SF showroom, 570 SF garage/service bay, 10’×7’ exterior overhead door, and a 9’8”×6’9” interior overhead door. The heated, air-conditioned interior is suited for showroom or service use. Renovated inside and out in 2022, the building features a metal roof and a flexible layout adaptable for automotive, retail, or office operations. Highway 44 frontage at Valley Drive provides 16,014 vehicles per day(2024 MPO count) and strong corner visibility. The planned Valley Drive extension through Shepard Hills will improve access and increase traffic in this growing east Rapid City corridor.
Contact the listing agent for all inquiries and showing requests. Please allow 24hr notice before showings. Information Packet included in associated documents.
Contact the listing agent for all inquiries and showing requests. Please allow 24hr notice before showings. Information Packet included in associated documents.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,920 SF
Building Class
C
Year Built
1960
Price
$450,000
Price Per SF
$234.38
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
0.23 AC
Zoning
General Commercial
Frontage
264’ on North Valley Drive
Property Taxes
| Parcel Number | 0011330 | Improvements Assessment | $165,100 |
| Land Assessment | $57,500 | Total Assessment | $222,600 |
Property Taxes
Parcel Number
0011330
Land Assessment
$57,500
Improvements Assessment
$165,100
Total Assessment
$222,600
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