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$3,300,000
Est. payment /mo
0.46 Acres Lot
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 170392
Lot Size 0.463 Acres
Property Sub-Type Industrial
Property Description
10.5 acres of heavy industrial with highway frontage and can be zoned down to fit buyer's needs in prime Rapid City location. Steel framed shop 124x60 (7,440 SF) with 16ft side walls and framed office space. The shop has one 14x14 and one 10x10 overhead doors with Ray Vac heating. The North half is leased at $3,000 per month on a 30-day lease. 6.4 acres is leased to Blake's Trailer Services at $81,360 annually paid monthly through 10/15/2025. Blake's then has 2 five-year options to extend lease. The lease is increased 5% per year plus the increase in in Real Estate Taxes. Blake's building is 8,412 SF. Blake's has a 72hr first right of refusal on the purchase. A third tenant pays $900/month for trailer parking. There is an additional building (4,320 SF) building that will be vacant at closing and can be used for cold storage. The other buildings will be removed, and the site will be cleaned up prior to closing.
Location
State SD
County Pennington
Area Southeast
Interior
Cooling Office Only
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Listed by PREMIER PROPERTIES, LLC
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Nick Dowling
Broker Associate | License ID: 16307
Broker Associate License ID: 16307