Listed price in listed location currency (USD).
$900,000

000

MLS® 180071

  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size 4920 sqft
Garage 
Taxes 
Days Active 12
Lot Size 
Approx. Age 
Avg. Price Per Sqft $182
MLS® Number 180071

Property Address: 1620 Concourse Ct, rapid city, SD, 57703

Average square foot calculated using Size range provided by listing agent.

Description

4, 920 SF | SINGLE-TENANT NNN INVESTMENT | 5% ANNUAL RENT GROWTH Fully leased, single-tenant investment property located in Rushmore Business Park near Elk Vale Rd and SD Hwy 44 in east Rapid City. The location provides convenient access to surrounding employment areas, residential neighborhoods, and regional routes. The 4, 920 SF building sits on 0.80 acres and is leased to Kindred Spirits, LLC, doing business as Lil Friends Learning Center of RC, through January 31, 2034, with approximately seven years remaining on the initial term. The true NNN lease assigns real estate taxes, insurance, repairs, maintenance, and capital replacement obligations to the tenant. Base rent increases 5% annually, and the lease includes two 3-year renewal options. The property was fully remodeled in 2021. It is configured for childcare operations with a reception area, full kitchen, five care rooms, multiple restrooms, a fire protection system, fenced outdoor play areas, and 20 on-site parking spaces. The property has supported childcare operations for more than 30 years. The current tenant has occupied the building since October 2023. For more information, contact Chris Long, SIOR, CCIM, at 605-939-4489 or Dan Logan at 605-593-7980.
MLS® Number180071
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementNone
DrivewayAsphalt/Off-Street
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 17, 2026List Date
$900,000List Price
  • Commute

Commute

Starting Address
Destination Address
1620 Concourse Ct, Rapid City, SD

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties