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    822 Main

    Rapid City, SD 57701
    • $895,000
    • STATUS: Active Under Contract
    • ON SITE: 20 days
    • MLS #: 152911
    Under Contract
    UPDATED: 25 min ago
    $895,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,820
      SQFT
    • $114
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Listed by, Elli Thurston, 605-484-5226. Unique downtown investment opportunity! The historic Gambrill Building constructed in 1911 is located in the heart of Downtown Rapid City on Main Street and offers both commercial & residential property. The 5 multi-residence apartments on the second level are at full capacity, as well as, 5,520 sq. ft. of premier office space. The main floor is fully rented by long-term commercial tenants. Both commercial & residential rents are current. The full basement is not occupied at this time, however, actively marketing the lower-level & offers additional cash flow when leased. The lower-level has two entrances, one shared bathroom and one half bath. The building is listed on the Historic Registrar and preserves the original character, as well as, architecturally updated interior design. The exposed brick, sandstone walls, and 7 ft. square skylight from the original elevator shaft lends itself to the building design and historical nature.

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    © 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Black Hills SD Realty. Data last updated: 2021-03-02T11:16:21.68.
    www.blackhillsrealtyhomes.com/homes/114068472
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    822 Main Rapid City, SD 57701

    • Price: $895,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • MLS #: 152911
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,820
    SQFT
    $114
    $/SQFT
    Neighborhood:
    City Center
    Area:
    City Center
    Property Description
    Listed by, Elli Thurston, 605-484-5226. Unique downtown investment opportunity! The historic Gambrill Building constructed in 1911 is located in the heart of Downtown Rapid City on Main Street and offers both commercial & residential property. The 5 multi-residence apartments on the second level are at full capacity, as well as, 5,520 sq. ft. of premier office space. The main floor is fully rented by long-term commercial tenants. Both commercial & residential rents are current. The full basement is not occupied at this time, however, actively marketing the lower-level & offers additional cash flow when leased. The lower-level has two entrances, one shared bathroom and one half bath. The building is listed on the Historic Registrar and preserves the original character, as well as, architecturally updated interior design. The exposed brick, sandstone walls, and 7 ft. square skylight from the original elevator shaft lends itself to the building design and historical nature.
    Exterior Features

    Construction MasonryWood Frame Exterior Walls BlockBrick Parking Asphalt/Off-StreetOn-Street Road Frontage Major ArteryCity/County Roofing Rubber View City

    Interior Features

    Basement FinishedFull Ceiling Height Varies Cooling CentralWindow/Wall Flooring CarpetConcreteTile Foundation Stone Heating GasForced AirRadiant Interior Walls PanelingPlasterSheetrock

    Property Features

    Auction YN No Building Use Office Commercial Type Office Documents On File Topo Map Leased 100% Meters MasterSeparate Owner Paid Expenses GasWaterSewerGarbageMaintenanceInsuranceTaxesJanitorial Physical Condition Good Quality Excellent Safety Features Fire AlarmSmoke DetectorSprinkler System Sale Or Lease For Sale Services City SewerCity WaterNatural Gas

    © 2021 Black Hills Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Elli Thurston of Sun Real Estate.


    © 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Black Hills SD Realty. Data last updated: 2021-03-02T11:16:21.68.
     
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    Black Hills SD Realty
    4905 5th Street, Ste. 101
    Rapid City SD, 57701