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TBD North St - TBD North ST 1.54 Acres of Residential Land Offered at $187,500 in Rapid City, SD 57701
Investment Highlights
- In fill lot
- Close to civic center
- Close to downtown
Executive Summary
Large MDR lot close to Monument Event Center and Downtown, lot within the qualified census tract will qualify for affordable housing units also ideal for 2 or 3, 6-plexes or a couple of 12-plexs could build up to a 40-unit single building, city would possibly allow a rezone to general commercial for another office or medical building. With 30% down the owner will carry the Ballance at 4% interest for 10 years.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot 1-16
| Price | $187,500 | Lot Size | 1.54 AC |
| Price Per AC | $121,753.25 |
| Price | $187,500 |
| Price Per AC | $121,753.25 |
| Lot Size | 1.54 AC |
In fill lot close to city center and civic center with in the qualified census tract.
Description
Large MDR lot close to Monument Event Center and Downtown, lot within the qualified census tract will qualify for affordable housing units also ideal for 2 or 3, 6-plexes or a couple of 12-plexs could build up to a 40-unit single building, city would possibly allow a rezone to general commercial for another office or medical building. With 30% down the owner will carry the Ballance at 4% interest for 10years.
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
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TBD North St - TBD North ST
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