Retail•Free Standing Building•For Sale

Shopko building + 1-acre outlot for sale.

1819 Haines Avenue, Rapid City, South Dakota 57701

Sale Price $7,650,000
Sale Type Investment
Zoning General Commercial
Bldg Type Single Tenant
Status Existing
Year Built 1987
Year Renovated 2007
Stories 2
Gross Bldg 118,434 SqFt
Land Area 10.53 Acres
Remarkable opportunity to own a high visibility, high traffic 10-acre general commercial parcel with a 118,000 square foot 2 level building just South of Interstate 90! On the main level is a large, open retail space with supportive office space, restrooms and a large warehouse and truck unload area. The large, 2nd level mezzanine runs along the North and East sides of the building and offers additional warehouse storage area as well as additional office space, employee lounge, kitchenette, and restrooms. Rapid Fire Protection ensured fire suppression system was good in September 2019. An additional 1-acre outlot is included and offers flexibility. Over 9,600sf enclosed exterior space for a garden center or other exterior use. 16' walls give this large space a great feel. With easy access to Interstate 90 and Haines Avenue, this location is perfect for your use where you need high visibility! The building was built in 1987 and then remodeled in 1994 and 2007. Regarding office space, there are currently 4 office spaces on the main level (security, accounting, customer service, receiving) then 5 office spaces on the mezzanine level (management and warehouse). The current loan must be assumed or a large pre-payment penalty will apply. The loan is attractive though - non-recourse, 30-year loan with5.26% fixed rate through November 2025. Cash must be used to pay the balance. Just south of I-90, the Haines Ave exit at I-90 is a busy place with restaurants, gas stations, medical facilities, bagel shop, and Best Buy, Lowes Applebees, and Books-a-Million on the North-side of I-90.
  • * High traffic
  • * Area is being transformed with new and updated businesses
  • * High visibility, Corner of I-90 and Haines Avenue
1/18/2020 4:58:06 PM 1/28/2020 6:42:54 PM


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