2255 Haines AveRapid City, SD 57701

Property Details for 2255 Haines Ave

Year built

1990

Lot size

4.18 AC

Property size (Sq ft)

25,600 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

20-25-177-001

APU

2025177001

Description

This exceptional 12,000-square-foot retail space is situated within the bustling Haines Station Shopping Center in Rapid City, South Dakota. Located at 2255 Haines Ave, this prominent corner suite boasts a high-visibility location, benefiting from exposure to over 24,000 vehicles daily. The property features a retail showroom at the front and a spacious warehouse area in the rear, ideal for stock storage or expanded showroom space. The warehouse includes a convenient 10' x 10' overhead door on the west side, facilitating easy customer pick-up and delivery. The suite is well-appointed with men's and women's restrooms and a dedicated office/staff break room. Ample parking is available with 100+ spaces in the large shared lot. This property is zoned for General Commercial use and sits on a 4.18-acre lot within a thriving retail center anchored by Joann Fabrics, Sally Beauty Supply, and Clothes Mentor. Its strategic location near I-90 provides easy access to major retailers such as Best Buy, Lowe's, PetSmart, Kohl's, and the Rushmore Mall. Built in 1990, this single-building property presents a fantastic opportunity for businesses in fitness, home furnishings, or entertainment. A sublease is available at a rate of $7.50 per square foot annually ($7,500 per month), NNN.

• CAP approach

  CAP return

  Valuation

  6%

  $6,931,360

  6.5%

  $6,398,180

  7%

  $5,941,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,991,140

  Geo Method

  $2,199,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,402,600

  Mixed-Use / Specialty

  $6,405,470

  Hospitality / Lodging

  $4,738,680

  Office

  $6,398,770

  Institutional / Educational

  $6,669,870

  Residential Income

  $7,803,750

  Multifamily

  $9,192,500

  Automotive / Energy

  $5,717,030

  Parking / Income-Based Land

  $1,943,140

  Restaurant / Food Service

  $3,395,780

  Healthcare / Senior Housing

  $6,537,820

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.107

Longitude

-103.223

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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