Back to Previous Page 2001 7th St

Medical Office Investment - For Sale

$599,000

Bldg 4,662 SF | Land 0.32 Acres | 2 Stories

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Property Information

List Price $599,000

Zoning General Commercial

Bldg SF 4,662

Bldg $/SF $128

Year Built 1965

County Pennington County

Acres 0.32

Property Overview

The 4,482 SF building is divided into three suites, with two tenants in place (PT-OT and Hearing Solutions) and one 720 SF suite currently vacant. The layout supports a mix of private offices and open work areas, allowing it to function as either a multi-tenant asset or a larger user footprint. The building includes three separate entrances, including an ADA-accessible entry, with a basement level providing additional storage and utility space. Recent capital improvements totaling over $139,000 include a new roof, parking lot asphalt, and mechanical updates. The 720 SF suite is offered for lease at $1,400/month, utilities included, creating a clear path to increasing income or accommodating an owner-user. The owner will sign a master lease for the full property for two years, if desired. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Gina Plooster at 605-519-0749.

Highlights

This multi-tenant office property offers in-place income in a central Rapid City location, just off Mount Rushmore Road near St. Patrick Street. 

Listing Agents

Chris Long

Chris Long

SIOR, CCIM

Commercial Broker

(605) 939-4489

Chris began his career in Denver, CO as a research associate for The Meyers Group. During his time in this position, he led the new development research group and published monthly reports on sales trends and absorption rates in the local market.

In 2003 he joined UDR, Inc., a national real estate investment trust focused on the multifamily sector. During his tenure with UDR, he held positions of financial analyst, operational strategist and 4 years as Director of Pricing and Revenue Management. Chris led a team in a nationwide rollout of yield management software for over 230 properties which led to industry wide adoption and industry leading revenue growth.

After moving to South Dakota in 2010, Chris joined Sandra Runde and formed the only team in Western South Dakota solely focused on commercial real estate sales and leasing. Over the past 12 years, the KW Commercial team has led the market in both commercial sales and commercial leasing volume. In the last 3 years his team has sold and leased nearly $200 Million in real estate placing them #1 in the North Central Region and ranked in the top 10 for KW Commercial nationwide.

Gina Plooster

Gina Plooster

Leasing Agent

(605) 519-0749

With 18 years of experience wearing many hats throughout her commercial real estate career, Gina started her real estate journey with corporate firm JLL as a brokerage coordinator for their Chicago industrial team, supporting their business development, supply chain consulting and site selection projects. After returning home to South Dakota, she joined KW Commercial in June of 2017 as marketing & listing coordinator, becoming familiar with Rapid City’s market and changing focus from business-to-business sales to direct-to-consumer marketing. Recognizing the steady growth of the area and the opportunity to make an impact, in 2021, Gina took the natural next step to leasing agent helping tenants and landlords lease commercial property in an increasingly competitive market.

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