Black Hills, SD Commercial Real Estate for Lease and Sale

Explore 46 listings of Black Hills commercial real estate to find the best space for your business.

677 Main ST

677 Main St, Deadwood, SD
Property

Retail

3,800 SF
Year Built

1879
For Sale

$7,000,000
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Sturgis Lodge & Suites

2431 Junction Avenue, Sturgis, SD
Property

Other

22,343 SF
For Sale

$2,950,000
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Roy's Black Hills Twin Drive-In

810 Tenaya Street, Hermosa, SD
Property

Unassigned

2,624 SF
Year Built

2012
For Sale

$999,000
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TBD Lot 3 Dyess Ave, Rapid City SD

TBD Lot 3 Dyess Ave, Silver Strike, Rapid City, SD
Property

Industrial
Availability

1 Space

215,186 SF
For Lease

$0.19/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Office Space For Lease

811 E Saint Andrew St., Hansen Heights, Rapid City, SD
Property

Office

3,350 SF
Availability

3 Spaces

266 SF
Year Built

1980
For Lease

$57.14 - $60.00/SF/YR
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Deadwood Gulch Resort By Wyndham Hotels

304 Cliff Street, Deadwood, SD
Property

Other

52,855 SF
Year Built

1989
For Sale

$7,900,000
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Summerset Hotel

7900 Stagestop Road, Summerset, SD
Property

Other
For Sale

$3,200,000
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Commercial Building & Land with Interstate Frontage

4425 E. Colorado Boulevard, Spearfish, SD
Property

Unassigned

10,800 SF
For Sale

$3,500,000
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Endcap with drive-through windows for lease

3851 Eglins Street Ste 2, Lagrand, Rapid City, SD
Property

Retail

2,508 SF
Availability

1 Space

2,508 SF
Year Built

2007
For Lease

$12.00/SF/YR
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Lot 3 Dyess Ave

dyess ave, Silver Strike, Rapid City, SD
Property

Industrial
Availability

1 Space

215,186 SF
For Lease

$0.19/SF/YR
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528 Kansas City St, Rapid City SD

528 Kansas City Street, Downtown Rapid City, Rapid City, SD
Property

Office

15,000 SF
Availability

3 Spaces

4,391 SF
Year Built

1954
For Lease

$11.98 - $24.85/SF/YR
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Econo Lodge

541 Indianapolis Avenue, Catholican, Hot Springs, SD
Property

Other

20,312 SF
For Sale

$1,825,000
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Aspen Centre West

631 Saint Anne St, South Boulevard, Rapid City, SD
Property

Office

28,000 SF
Availability

3 Spaces

17,992 SF
For Lease

$9.00 - $21.00/SF/YR
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Large warehouse with office space for lease
Property

Industrial

48,769 SF
Availability

1 Space

48,769 SF
Year Built

2005
For Lease

$46.14/SF/YR
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North Plaza Boulevard

1905 North Plaza Boulevard, Fountain Springs, Rapid City, SD
Property

Office

8,092 SF
Availability

1 Space

170 SF
For Lease

$38.00 - $39.00/SF/YR
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Rodeway Inn

1313 North Lacrosse Street, Knollwood Heights, Rapid City, SD
Property

Other

15,031 SF
For Sale

$1,900,000
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520 Kansas City St

520 Kansas City Street, Downtown Rapid City, Rapid City, SD
Property

Office

18,000 SF
Availability

3 Spaces

5,570 SF
For Lease

$11.55 - $21.23/SF/YR
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680 N Lacrosse St.

680 North Lacrosse Street, North Side Rapid City, Rapid City, SD
Property

Office

5,152 SF
Availability

1 Space

5,152 SF
Year Built

1997
For Lease

$0.78 - $9.36/SF/YR
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Rushmore Crossing

1225 Eglin St., Rushmore Crossing, Rapid City, SD
Property

Retail

700,000 SF
Availability

1 Space

6,400 SF
For Lease Contact for pricing
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402 Saint Joseph Street
The Garage Rapid City
402 Saint Joseph Street, Rapid City, SD
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

Bike sharing

Complimentary coffee & tea

High-speed wifi

Kitchen

Lockable filing cabinets

Mail services

Parking

Storage area
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1.2A Eglin Street, Rapid City SD
Property

VacantLand
Availability

1 Space

52,272 SF
For Lease

$1.50/SF/YR
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OFFICE SPACE FOR LEASE: 405 E Omaha St Ste E, Rapid City SD

405 East Omaha Street, Rice Valley View, Rapid City, SD
Property

Office

1,187 SF
Availability

1 Space

1,187 SF
For Lease

$14.95/SF/YR
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Lot 9 Pilot Way, Box Elder SD
Property

VacantLand
For Sale

$552,000
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1.6a E Stumer Road, Rapid City SD
Property

VacantLand
Availability

1 Space

69,696 SF
For Lease

$2.00/SF/YR
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Gateway Crossing

1902 N Lacrosse St, Rushmore Crossing, Rapid City, SD
Property

Retail

301,000 SF
Availability

1 Space

301,000 SF
For Lease Contact for pricing
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Lot 3 Pilot Way, Box Elder SD

57719, Cimarron, Box Elder, SD
Property

Office
For Sale

$499,000
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Lot 2 Pilot Way, Box Elder SD
Property

Unassigned
For Sale

$699,000
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16593 Sturgis Rd, Piedmont SD 57769
Property

Industrial

2,835 SF
Year Built

1985
For Sale

$800,000
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1902 N Lacrosse St

1902 N Lacrosse St, Rushmore Crossing, Rapid City, SD
Property

VacantLand

6.91 Acre
For Sale Contact for pricing
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628 1/2 6th Street, Rapid City

628 1/2 6th Street, Downtown Rapid City, Rapid City, SD
Property

Office

15,000 SF
Availability

5 Spaces

3,702 SF
Year Built

1954
For Lease

$15.05 - $211.20/SF/YR
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310 1st Ave W

310 1st Ave W, Lemmon, SD
Property

Office

938 SF
Availability

1 Space

938 SF
For Lease Contact for pricing
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Lot 5 Pilot Way, Box Elder SD
Property

Unassigned
For Sale

$499,000
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Lot 4 Pilot Way, Box Elder SD
Property

Retail
For Sale

$499,000
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Large warehouse with offices - Hot Springs, SD

27592 Highway 79, Angostura Reservoir, Hot Springs, SD
Property

Industrial

48,769 SF
Year Built

2005
For Sale

$2,250,000
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68 Sherman St

68 Sherman St, Deadwood, SD
Property

Office

1,553 SF
Availability

1 Space

1,553 SF
For Lease Contact for pricing
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Lot 1R Cimarron Drive, Box Elder SD
Property

Office
For Sale

$992,000
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Lot 7 Pilot Way, Box Elder SD
Property

VacantLand
For Sale

$552,000
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Lot 8 Pilot Way, Box Elder SD
Property

VacantLand
For Sale

$552,000
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529 Kansas City Street
Support Office Solutions
529 Kansas City Street #203, Rapid City, SD
Services

Virtual Office

Event Space

Meeting Room

Private Office
Amenities

Business address

Complimentary coffee & tea

High-speed wifi

Mail services

Notary/Legal services

Office supplies

Professional & social events

Snacks
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2.17A S Valley Drive, Rapid City SD

2.17A S Valley Drive, West Rapid Valley, Rapid City, SD
Property

VacantLand
Availability

1 Space

94,525 SF
For Lease

$1.20/SF/YR
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1.5A 5th Street, Rapid City SD

5th Street, Black Hills Center, Rapid City, SD
Property

VacantLand
Availability

1 Space

65,340 SF
For Lease

$2.00/SF/YR
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Lot 6 Pilot Way, Box Elder Sd
Property

Office
For Sale

$592,000
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Lot 26 Catron Blvd, Rapid City SD
Property

Multi-Family
For Sale

$1,470,000
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2.55a E Anamosa St, Rapid City SD
Property

VacantLand
Availability

1 Space

111,078 SF
For Lease

$2.00/SF/YR
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2015 Hope Ct, Rapid City SD
Property

VacantLand
Availability

1 Space

43,560 SF
For Lease

$1.50/SF/YR
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TBD Minnesota St, Rapid City SD

TBD Minnesota St, Minnesota Park, Rapid City, SD
Property

Office
For Sale

$670,825
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Black Hills commercial real estate market incorporates 2,491 square feet of office space across 15 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Black Hills commercial real estate market includes 1,004,800 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Black Hills incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Black Hills is represented by Industrial space, which accounts for 479,141 square feet of available listings. Retail space available in Black Hills adds up to 309,908 square feet.

Meanwhile, most of the listings of commercial property for sale in Black Hills are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Black Hills is $21.57 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Black Hills can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Black Hills, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Black Hills is in the Downtown Rapid City neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Rapid City area.

Meanwhile, retail space opportunities are most abundant in the Rushmore Crossing submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Silver Strike.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $60 per square foot. In particular, the property type commanding the highest lease rates in Black Hills was Office space.

The average size of a commercial property in Black Hills depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Black Hills, the average size of an office property is 1,246 square feet.
Retail properties here incorporate an average of 334,934 square feet.

Black Hills, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Black Hills currently add up to 1,271,058 square feet. The market offers 10 active office listing(s), which amount to 45,538 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 309,908 square feet across 3 retail space(s). Industrial space for rent opportunities in Black Hills amount to 479,141 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	10	45,538
Retail	3	309,908
Industrial	3	479,141
Other	6	436,471

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Black Hills, SD. Currently, there is 179,376 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	2	3,800
Industrial	2	51,604
Other	11	123,972

Black Hills, SD Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Black Hills, SD?

What factors affect the price of commercial real estate in Black Hills, SD?

What is the average rent for commercial space in Black Hills, SD?

What are the best areas for commercial real estate in Black Hills, SD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Black Hills, SD?

Black Hills, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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