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Executive Summary

This multi-tenant office property offers in-place income in a central Rapid City location, just off Mount Rushmore Road near St. Patrick Street. The 4,482 SF building is divided into three suites, with two tenants in place (PT-OT and Hearing Solutions) and one 720 SF suite currently vacant. The layout supports a mix of private offices and open work areas, allowing it to function as either a multi-tenant asset or a larger user footprint. The building includes three separate entrances, including an ADA-accessible entry, with a basement level providing additional storage and utility space. Recent capital improvements totaling over $139,000 include a new roof, parking lot asphalt, and mechanical updates. The 720 SF suite is offered for lease at $1,400/month, utilities included, creating a clear path to increasing income or accommodating an owner-user. The owner will sign a master lease for the full property for two years, if desired. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Gina Plooster at 605-519-0749.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,662 SF
Building Class
C
Year Built
1965
Price
$599,000
Price Per SF
$128.49
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,758 SF
Building FAR
0.32
Lot Size
0.33 AC

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste Ste 2
  • 720 SF
  • Office
  • -
  • Now

This multi-tenant office property offers in-place income in a central Rapid City location, just off Mount Rushmore Road near St. Patrick Street This 720 SF suite offers a functional layout with a mix of private offices and open workspace, well-suited for medical, therapy, or wellness users. The suite is accessed from a dedicated exterior entrance and includes access to shared men’s and women’s restrooms. The building also features an ADA-accessible entry for patients and visitors. Recent improvements include updated flooring, interior lighting, and fresh exterior paint, along with major upgrades such as a new roof and parking lot asphalt. Offered at $1,400/month, utilities included. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Gina Plooster at 605-519-0749.

Space Size Space Use Build-Out Available
1st Fl-Ste Ste 2 720 SF Office - Now

1st Fl-Ste Ste 2

Size
720 SF
Space Use
Office
Build-Out
-
Available
Now

1st Fl-Ste Ste 2

Size 720 SF
Space Use Office
Build-Out -
Available Now

This multi-tenant office property offers in-place income in a central Rapid City location, just off Mount Rushmore Road near St. Patrick Street This 720 SF suite offers a functional layout with a mix of private offices and open workspace, well-suited for medical, therapy, or wellness users. The suite is accessed from a dedicated exterior entrance and includes access to shared men’s and women’s restrooms. The building also features an ADA-accessible entry for patients and visitors. Recent improvements include updated flooring, interior lighting, and fresh exterior paint, along with major upgrades such as a new roof and parking lot asphalt. Offered at $1,400/month, utilities included. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Gina Plooster at 605-519-0749.

Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0037086
Land Assessment
$140,000
Improvements Assessment
$356,400
Total Assessment
$496,400
  • Listing ID: 40165817

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 2001 7th St, Rapid City, SD 57701

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