118 Main St, Rapid City, SD 57701

Opportunity to buy into the growth of Downtown Rapid City! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, property located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighbors Armadillo's Ice Cream, BHFCU to the west, Fairmont Creamery Building and Dakotah Bank across the street. Close to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, restaurants and nightlife. Growth potential with under market rents, unrealized parking income and possibility for vacation rental use.