West Rapid City Office Building

The business address for this significant West Rapid City office building has been associated with local advertising and marketing companies over the years. The ground floor space currently holds two long term tenants. Additional space is available on the ground floor to expand into additional rental income or for primary office overflow. The second and top floors are subdivided into a series of multiple private office spaces supported with several adjacent private meeting spaces of different sizes. Executive offices are contained within and a private rear access to the building is quite useful.

Long term leases (gross leases) are in place with tenants on the lower level who desire to continue if possible. Call Phil Olsen for summary sheet of existing lease income and expense. About 25%-30% of the lower level may be available for the expansion into more income producing spaces. To be vacated January 2025, the entire second and third floors will remain for the new owner or future tenant. Most of the main floor offices and 2nd and 3rd floor space have been remodeled over time.  New interior carpet, paint and parking lot 2020-2022. New HVAC in 2022. 
It is the owners' preference to sell this property using private financing with a contract for deed.