306 7th St
Rapid City, SD 57701
Absolute Auction of 11,000±SF Restaurant · Retail Property For Sale

306 7th Street, Rapid City, SD 57701 (Pennington County) Online Only Absolute Auction of 11,000±SF Restaurant on .8± Acres Bidding Opens: Thursday, May 17 at 11:00 AM MT Bid Deadline: Thursday, May 24 at 11:00 AM MT Closing Deadline: Tuesday, June 26, 2018 Inspection: Monday, May 14 & Monday, May 21 at 11:00 AM MT SHARP. An Auction Right of Entry form must be signed in order to gain access to the building which releases seller from liability in the event of accidents while onsite. Sale Manager: Martin Jurisch Property Description: After serving as a passenger depot from as early as 1909, the building was constructed in 1923 as a central railroad freight terminal for Rapid City, with tracks and platforms on both sides of the elongated 225’ x 50’ building to facilitate loading and unloading. More recently, it was renovated and has served as a restaurant and bar. The building footprint is 11,300± SF and occupies a rectangular lot with 250± feet frontage on Omaha and 140± feet frontage on 7th Street, and 51± marked parking spaces (several more unmarked) in the paved parking lot. A pylon sign is included on Omaha and 7th St. The building has three walk in coolers, a giant beer cooler, with 65 beer tap handle holes already drilled. A December 6, 2006 Phase 1 Environmental Site Assessment revealed no RECs in connection with the site. Zoned GC - General Commercial District. Property may also be subject to development restrictions due to its designation as a Historic Building by the city. Electricity- Black Hills Power Natural Gas- Montana Dakota Utilities Company City Water & Sewer Pennington County Tax ID# 37237 PIN 20-36-353-001 Pennington County Assessed Value $852,100 2017 Taxes $14,350 Auction Management Corporation conducts this auction in Conjunction & Cooperation with: Martin Jurisch & Associates, Martin Jurisch, CAI, GPPA, Auctioneer/ Broker #4300 Auctioneer/ Broker Represents Seller