Description

Rare Turnkey Restaurant & Redevelopment Opportunity 1331 E. North Street | Rapid City, South Dakota An exceptional opportunity to acquire one of Rapid City's premier restaurant properties. This approximately 6,000-square-foot freestanding building is fully equipped for an upscale dining or hospitality concept and offers an immediate opportunity for owner-users, restaurant operators, or investors. The offering includes a complete commercial kitchen, expansive dining room, full bar area, outdoor patio with panoramic views of Rapid City's western hills, ample customer parking, and a comprehensive inventory of furniture, fixtures, and equipment (FF&E). The property is currently owned by an independent franchise owner however the national franchise has ceased operations, allowing a new operator to capitalize on an established location with minimal startup time. A copy of the appraisal may be available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). Strategically located at the intersection of East North Street and Campbell Street, the property benefits from outstanding visibility and accessibility within one of Rapid City's fastest-growing commercial districts. The surrounding area has experienced substantial investment, including new multifamily housing, retail, hospitality, and commercial development. Nearby destinations include Menards, Walmart, Sam's Club, Rushmore Crossing, Monument Health facilities, and the expanding Dakota Market Square development. The City of Rapid City has also approved a Tax Increment Financing (TIF) project to complete the missing segment of East Anamosa Street to Elk Vale Road, a major infrastructure improvement expected to enhance connectivity, increase commuter traffic, and further strengthen the area's long-term commercial appeal. Contact Christian Morgan, NorthStar Realty at 605-205-5124 or 970-396-8100 with questions or to arrange a tour.

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Property information

Property type

Commercial Sale

Sub-type

Retail

Living area

6,003 Sq Ft

Price / Sq Ft

$516

Days on market

64

Parcel number

2132302015

Features

Parking

Off Street · Asphalt

Sewer / Water

Public Sewer · Public