1620 Concourse Ct — Sale in Rapid City, SD

  • Price: $900K
  • Listing type: For sale
  • Asset type: Office
  • Location: Rapid City, SD 57703
  • Size: 1,920 SF
  • Year built: 1990

Investment Figures

Price per square foot
$469

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1620 Concourse Ct is a 4,920 SF single-tenant investment property on 0.80 acres in Rapid City's Rushmore Business Park, near Elk Vale Rd and SD Hwy 44. Built in 1990 and fully remodeled in 2021, the building is configured for childcare use with a reception area, full kitchen, five care rooms, multiple restrooms, a fire protection system, and fenced outdoor play areas. The property is leased to Kindred Spirits, LLC, doing business as Lil Friends Learning Center of RC, through January 31, 2034, with about seven years remaining on the initial 10-year term. The true NNN lease passes real estate taxes, insurance, repairs, maintenance, and capital replacement to the tenant. Base rent increases 5% annually, with two 3-year renewal options. Current base rent is $6,300 per month ($75,600 annually). Twenty on-site parking spaces serve the site. Zoning is Light Industrial. Offered for sale at $900,000. Building SF: 1920 | Land Size: 0.8 Ac | Year Built: 1990 | Listing Type: FOR SALE

Market Context

This office in Rapid City, SD is listed for sale at $900,000 across 1,920 SF. The building dates to 1990. It has been on the market for 16 days. Compare it against other office listings for sale in Rapid City, SD — view the full market.

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