118 Main Street $1,250,000

Opportunity to buy into the growth of Downtown Rapid City! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, property located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighbors Armadillo's Ice Cream, BHFCU to the west, Fairmont Creamery Building and Dakotah Bank across the street. Close to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, restaurants and nightlife. Growth potential with under market rents, unrealized parking income and possibility for vacation rental use. Listed by Chris Long, 605-939-4489, Keller Williams Realty Black Hills.
General Amenities
Interior Amenities
Appliance Amenities

Ft2 : 8,600
Lot Acres : 0.43
Roof : Flat,Rubber
Year Built : 1959
School District : Rapid City
Style : 2 Story
Garage Type : Paved,Carport,Assigned,Covered Parking
118 Main Street
Rapid City, South Dakota 57701
Region: Rapid City
Sale Type: For Sale
Ref #: 66079
Category: Multi-Family
102 Hits
Listed by Christopher Long - Keller Williams Realty Black Hills Rapid City on Sunday, 04 October 2020 [For Sale]
Cash,New Loan