Black Hills, SD Commercial Real Estate

Search commercial property for lease or for sale and view the Market Overview section below for local stats and insights.

76 Listings

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$2,975,000
2315 Mt Rushmore Rd
2315 Mount Rushmore Road, Woodridge, Rapid City, SD
Property Type
Retail
11,085 SF
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$10.00/SF/YR
Mall Drive Industrial Facility
4754 East Mall Drive, Seger Crossing, Rapid City, SD
Space Type
Industrial
1 space

30,000 SF
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$16.00/SF/YR
New Construction Retail / Warehouse Units
2515 East Saint Patrick Street, Rapid City, SD
Space Type
Industrial
6 spaces

1,500 SF
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$6,500,000
Rapid City RV Park - Rapid City, SD
4110 Mt Rushmore Rd, Enchanted Hills, Rapid City, SD
Property Type
Multi-Family
Built in 1978

1,680 SF
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$2,700,000
TBD NORMAN AVENUE
Norman Avenue, Black Hawk, SD
Property Type
Other
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$15.00 - $23.60/SF/YR
1301 W OMAHA
1301 West Omaha Street, Founders Park North, Rapid City, SD
Space Type
Office
1 space

1,865 SF
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$18.00/SF/YR
909 St Joseph Street
909 Saint Joseph Street, Downtown Rapid City, Rapid City, SD
Space Type
Office
1 space

2,593 SF
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$19.20/SF/YR
2801 Plant St
2801 Plant Street, Deadwood Avenue, Rapid City, SD
Space Type
Office
1 space

1,750 SF
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$15.00/SF/YR
1620 Mt Rushmore Rd
1620 Mount Rushmore Road, Flormann, Rapid City, SD
Space Type
Office
1 space

2,000 SF
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$9.78/SF/YR
Downtown Main Street Office Suite
304 Main Street, Downtown Rapid City, Rapid City, SD
Space Type
Office
1 space

2,275 SF
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$522,718.89/Acre
Lot A S Valley Dr
Lot A S. Valley Drive, Rapid City, SD
Property Type
Land
2.17 Acre
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$2,400,000
12005 US Hwy 16
12005 U.S. 16, Fourmile, Custer, SD
Property Type
Other
Built in 1977

9,796 SF
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$100,000
431 N River Hot Springs
431 North River Street, Hot Springs Center, Hot Springs, SD
Property Type
Retail
Built in 1929

1,475 SF
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$487,872
5th & Minnesota Office Commercial Site
107 Minnesota Street, Minnesota Park, Rapid City, SD
Property Type
VacantLand
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Price on request
Flat commercial lot for sale
2015 Hope Ct, Cedar Chase Acres, Rapid City, SD
Space Type
Land
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$2,500,000
Black Hills KOA Holiday Campground
27585 South Dakota 79, Angostura Reservoir, Hot Springs, SD
Property Type
Other
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$250,000
1025 Endeavour Blvd
1025 Endeavour Boulevard, Lagrand, Rapid City, SD
Property Type
VacantLand
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$10.00/SF/YR
306 Main Rapid City
306 Main Street, Downtown Rapid City, Rapid City, SD
Space Type
Retail
1 space

2,800 SF
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$350,000
Lot 2R Cimarron Drive
Lot 2R Cimarron Drive, Cimarron, Box Elder, SD
Property Type
Land
0.89 Acre
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$1,799,000
Key City Manor Apartments
748 Main Street, Sturgis, SD
Property Type
Multi-Family
Built in 1970

22,706 SF
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$11.88/SF/YR
Seger Drive Industrial Shop
3515 Seger Drive, Heartland Business Park, Rapid City, SD
Space Type
Industrial
1 space

1,920 SF
1 of 1
$2,900,000
Memorial Road & Brandon Place
Memorial Road & Brandon Place, Rapid City, SD
Property Type
Land
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$42.11 - $70.00/SF/YR
Office Space For Lease
811 E Saint Andrew St., Hansen Heights, Rapid City, SD
Space Type
Office
3 spaces

57 - 111 SF
1 of 1
Price on request
Rushmore Crossing
1225 Eglin St., Rushmore Crossing, Rapid City, SD
Space Type
Retail
1 space

6,400 SF
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$28.00/SF/YR
1905 N Plaza Blvd
1905 North Plaza Boulevard, Fountain Springs, Rapid City, SD
Space Type
Office
1 space

345 SF
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$650,000
720 St Joseph St
720 Saint Joseph Street, Downtown Rapid City, Rapid City, SD
Property Type
Retail
Built in 1968

5,250 SF
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$18.00/SF/YR
1625 Lando Ln
1625 Lando Lane, Anamosa Crossing, Rapid City, SD
Space Type
Retail
1 space

4,000 SF
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$10.00/SF/YR
2720 E HIGHWAY 44
2720 East Highway 44, Rapid City, SD
Space Type
Industrial
1 space

12,080 SF
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$6.85/SF/YR
17 New York St
17 New York Street, North Rapid, Rapid City, SD
Space Type
Retail
1 space

11,400 SF
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$1,269,817
360 Disk Dr
360 Disk Drive, Rushmore Mall, Rapid City, SD
Property Type
VacantLand
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$539,000
High Visibility Development Lot
Outfitter Road, Heartland Business Park, Rapid City, SD
Property Type
VacantLand
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$10.00/SF/YR
2821 Plant Street
2821 Plant Street, Deadwood Avenue, Rapid City, SD
Space Type
Office
1 space

13,392 SF
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$96.28/SF
1845 Haines Ave
1845 Haines Ave, Northern Heights, Rapid City, SD
Property Type
Retail
Built in 1987

94,098 SF
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$6.86/SF/YR
426 St Joseph St
426 Saint Joseph Street, Downtown Rapid City, Rapid City, SD
Space Type
Office
1 space

3,500 SF
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$11.94/SF/YR
29 Main St
29 Main Street, Downtown Rapid City, Rapid City, SD
Space Type
Industrial
1 space

3,516 SF
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$574,992
Stumer Road Commercial Lot 11
Stumer Road, Black Hills Center, Rapid City, SD
Property Type
VacantLand
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$15.00 - $372.00/SF/YR
522 7th St
522 7th Street, Downtown Rapid City, Rapid City, SD
Space Type
Office
6 spaces

171 - 743 SF
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$16.50/SF/YR
414 Mt Rushmore Rd (Annex)
414 Mount Rushmore Road, Downtown Rapid City, Rapid City, SD
Space Type
Office
1 space

15,836 SF
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$25.00 - $27.00/SF/YR
1225 Luna Ave
1225 Luna Avenue, Rushmore Center, Rapid City, SD
Space Type
Retail
7 spaces

1,200 - 3,600 SF
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$12.50/SF/YR
832 E Omaha St
832 East Omaha Street, Feigels, Rapid City, SD
Space Type
Industrial
1 space

2,400 SF

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Black Hills, SD Commercial Real Estate Market Overview: Key Trends & Insights

Black Hills has 257,933 square feet of commercial real estate inventory as of 2026. This inventory is distributed across nearly 100 properties.

This overview provides a snapshot of the Black Hills commercial sector, highlighting the most important aspects and trends to guide you through the local landscape, whether you are looking to lease or invest in local CRE assets.

Commercial Space for Rent in Black Hills, SD

Based on the latest estimates, Black Hills, SD offers almost 100 commercial listings for lease, totaling about 257,933 square feet.

Current leasing options comprise 19 office listings, which represent approximately 50.00% out of the total leasing inventory. There are also 11 industrial and warehouse listings, making up 28.95% of the total. Additionally, 8 retail listings make up 21.05% of the local leasing market. These types are supplemented by 1 listing for lease belonging to other commercial types.

Property type No. of Listings Total Sq. Ft. Avg. Asking Rent

Office 19 205,783 N/A

Retail 8 914,453 $24.88

Industrial 11 143,725 $15.44

Other 1 N/A

Commercial Real Estate for Sale in Black Hills, SD

As of 2026, Black Hills, SD has a total of 34 commercial real estate properties for sale.

This inventory includes 4 office assets, 3 industrial facilities and 5 retail properties available for purchase.

The largest share is held by Retail, with 14.71% out of local properties for sale belonging to this asset type. Office has the next largest share at 11.76%, while Industrial makes up 8.82% of commercial properties for sale in Black Hills.

Property type No. of Listings Total Sq. Ft.

Office 4 205,783

Retail 5 914,453

Industrial 3 143,725

Other 22 277,683

Leading Commercial Real Estate Submarkets by Property Type in Black Hills, SD

The leading commercial real estate submarkets for different property types in Black Hills are:

Office: Downtown Rapid City with 14 office listings, totaling 44,774 square feet.
Industrial: Park with 6 industrial listings, totaling 10,110 square feet.
Retail: Rushmore Center with 7 retail listings, totaling 14,320 square feet.