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550 N 5th St 13,232 SF 90% Leased Office Building Rapid City, SD 57701 $1,700,000 ($128.48/SF)
Executive Summary
Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner All financials available with a signed NDA.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,232 SF
Building Class
A
Year Built
2005
Price
$1,700,000
Price Per SF
$128.48
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,411 SF
Building FAR
0.25
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
general commercial
Parking
60 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Security System
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0055771 | Total Assessment | $1,725,500 |
| Land Assessment | $155,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,570,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
0055771
Land Assessment
$155,500
Improvements Assessment
$1,570,000
Total Assessment
$1,725,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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550 N 5th St
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