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Listed byCHRISTIAN MORGAN • NORTHSTAR REALTY
$ 2,971,485
Est. payment /mo
New
1331 E NORTH Rapid City, SD 57701
6,003 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,003 sqft
Price per Sqft $495
MLS Listing ID 180203
HOA Y/N No
Year Built 2009
Lot Size 1.440 Acres
Acres 1.44
Lot Dimensions 1.44
Property Sub-Type Retail
Property Description
Rare Turnkey Restaurant & Redevelopment Opportunity 1331 E. North Street | Rapid City, South Dakota An exceptional opportunity to acquire one of Rapid City's premier restaurant properties. This approximately 6,000-square-foot freestanding building is fully equipped for an upscale dining or hospitality concept and offers an immediate opportunity for owner-users, restaurant operators, or investors. The offering includes a complete commercial kitchen, expansive dining room, full bar area, outdoor patio with panoramic views of Rapid City's western hills, ample customer parking, and a comprehensive inventory of furniture, fixtures, and equipment (FF&E). The property is currently owned by an independent franchise owner however the national franchise has ceased operations, allowing a new operator to capitalize on an established location with minimal startup time. A copy of the appraisal may be available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). Strategically located at the intersection of East North Street and Campbell Street, the property benefits from outstanding visibility and accessibility within one of Rapid City's fastest-growing commercial districts. The surrounding area has experienced substantial investment, including new multifamily housing, retail, hospitality, and commercial development. Nearby destinations include Menards, Walmart, Sam's Club, Rushmore Crossing, Monument Health facilities, and the expanding Dakota Market Square development. The City of Rapid City has also approved a Tax Increment Financing (TIF) project to complete the missing segment of East Anamosa Street to Elk Vale Road, a major infrastructure improvement expected to enhance connectivity, increase commuter traffic, and further strengthen the area's long-term commercial appeal. Contact Christian Morgan, NorthStar Realty at 605-205-5124 or 970-396-8100 with questions or to arrange a tour.
Location
State SD
Area North
Zoning General Commercial
Exterior
Parking Features 31-99, Asphalt/Off-Street
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N Yes
Building
Story 1
Sewer Public Sewer
Water Public
Others
Acceptable Financing cash or new loan
Listing Terms cash or new loan
ARNIE + TINA SHARP
Phone