2315 MT RUSHMORE RD, Rapid City, SD 57701
Pennington County
Key Facts
Description
11,085 SF turn-key restaurant facility for sale on Mt Rushmore Rd, one of Rapid City’s primary north-south commercial corridors. After 50 years as a community gathering place, the owners of Colonial House are retiring and offering the real estate, liquor license, and FF&E for sale. The operating business is not included. The building is configured as a full-service restaurant use with commercial kitchen, bar, dining areas, bakery production space, office, mezzanine storage, and support areas. The 2.87-acre site includes 105 paved parking spaces and direct access from Mt Rushmore Rd. The location has historically supported more than $5M in annual restaurant sales, demonstrating the strength of the site and corridor. Originally constructed in 1955 and fully remodeled down to the studs in 2015, the property offers an established restaurant location with decades of community goodwill. Ownership would welcome a buyer interested in carrying the Colonial House name forward, though the site is equally suited for a new restaurant concept or easily converted to a multi-tenant retail space. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Living Area
11,085 sq ft
MLS® Listing#
179979
Property Features
- Cooling:
- Central Air
- Heating:
- Forced Air
- Flooring:
- Carpet, Tile
- Parking:
- Off Street, Asphalt
- Construction:
- Block
- Roof:
- Rubber
- Security:
- Security System, Smoke Detector(s)
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
Affordability Calculator
$660,000
Estimated monthly payment
$17,564/mo
Principal $2,640,000 · Est. interest $3,683,035 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rapid City, SD
- $419,136
- Median Listing Price
- 49
- Median Days on Market
- 1,904
- Median Sq Ft
- $232
- Median Price / Sq Ft
- 621
- Active Listings
- This home’s price is 687% above the area median.
- Its price per sq ft is 29% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, SD.
Location
- 2315 MT RUSHMORE RD, Rapid City, SD 57701
Nearby Schools
St Elizabeth Seton School
School · 0.4 mi away
Woodrow Wilson Elementary - 17
Elementary · 0.5 mi away
Rapid City Catholic School System
School · 0.5 mi away
St Thomas More High School
Secondary · 0.5 mi away
South Park Elementary School
Elementary · 0.5 mi away
South Middle School
Secondary · 0.7 mi away
Dakota Middle School
School · 1.0 mi away
Rapid City High School
Secondary · 1.0 mi away
Grandview Elementary School
Elementary · 1.0 mi away
Robbinsdale Elementary
Elementary · 1.2 mi away
Jefferson Building - 64
Elementary · 1.3 mi away
Rapid City Area School District
Elementary · 1.3 mi away
Rapid City Area Schools
School · 1.4 mi away
Banana Bunch Children's Learning Center
School · 1.6 mi away
Zion Lutheran School
School · 1.7 mi away
Central High School
Secondary · 1.8 mi away
Calvary Christian School
School · 1.9 mi away
Meadowbrook Elementary School
Elementary · 1.9 mi away
Wellfully Pacc
School · 1.9 mi away
Rural America Initiatives
School · 2.1 mi away
Commute Calculator
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EXIT Agents in Rapid City
Listing Courtesy: KELLER WILLIAMS REALTY BLACK HILLS - 6053437500
Presented by: CHRISTOPHER LONG