Back to Previous Page 2315 Mt Rushmore Rd

Colonial House Real Estate & Assets

$2,975,000

Bldg 11,085 SF | Land 2.87 Acres | 1 Story

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Property Information

List Price $2,975,000

Zoning General Commercial

Bldg SF 11,085

Bldg $/SF $268

County Pennington County

Acres 2.87

Property Overview

Colonial House Real Estate & Assets is a turnkey 11,085 SF restaurant building for sale at 2315 Mt Rushmore Rd in Rapid City. The real estate is being marketed independent of the restaurant business. The building supports full-service restaurant use with a commercial kitchen, bar, dining areas, bakery production space, mezzanine office and conference room, and storage. The 2.87-acre site includes 105 paved parking spaces and direct access from Mt Rushmore Rd, supporting customer traffic, staff parking, and daily restaurant operations.

Originally constructed in 1955 and remodeled down to the studs in 2015, the facility is near downtown Rapid City, Monument Health, established neighborhoods, and Black Hills tourism routes. After decades as a Rapid City gathering place, the owners of Colonial House are retiring and offering this landmark property for sale. Ownership would welcome a buyer interested in carrying the Colonial House name forward, though the site works equally well for a new concept.

Highlights

• 11,085 SF restaurant building on a 2.87-acre site
• FF&E included in the sale
• Direct access from Mt Rushmore Rd, 25,115 vehicles per day (2025 MPO)
• 105 paved on-site parking spaces
• Full remodel completed down to the studs in 2015
• General Commercial zoning
• Mezzanine offices, conference room, and dry storage
• Easily demisable for multiple tenant suites

Location Overview

• Frontage on Mt Rushmore Rd, one of Rapid City's primary commercial corridors
• 25,115 vehicles per day (2025 MPO)
• Near downtown Rapid City, Monument Health, and established neighborhoods
• Along Black Hills tourism routes

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