Multifamily Housing
215 Lindbergh Avenue Rapid City, SD 57701
Details & Description
Price: $1,200,000
    Well-maintained, 12 unit, 2-story apartment building on Rapid City’s north side. Great opportunity to invest in Rapid City's competitive housing market boosted by the expansion of Ellsworth Air Force Base and South Dakota’s business-friendly climate. 2 bed, 1 bath units rented from $695 to $825 with additional $35 utility fee. Room for rent increases to match current market rates as well as opportunities for value-add upgrades for additional income. Close to shopping, restaurants, schools, I-90 and only 10 miles from Ellsworth Air Force Base. Individual units updated with LVT flooring in the kitchen and living areas, carpeted bedrooms, tiled bathrooms. Each unit has and deck or patio. Common areas include front entrances, hallways, and three laundry rooms. Low-Income Housing Tax Credit (LIHTC) qualified census tract (103). Call 605-335-8100 to set up showing time.Located three blocks north of Anamosa St and two blocks east of Haines Ave. Walking distance to shopping, restaurants, entertainment, schools, one block from two public transit routes, one mile from I-90 and only 10 miles from Ellsworth Air Force Base.
    Property Highlights
     Three laundry rooms with coin machines. Three common storage closets could be rented for additional income
     Maintenance room in the partial basement on the west end with access from outside
    Listing Agents
    Chris Long

    O: 605-335-8100
    M: 605-939-4489
    chris@rapidcitycommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    215 Lindbergh Avenue

    Rapid City, SD 57701

    Listing ID: 270385
    • 215 Lindbergh Avenue Rapid City, SD 57701 | for Sale | Photo 1
    • 215 Lindbergh Avenue Rapid City, SD 57701 | for Sale | Photo 2
    • 215 Lindbergh Avenue Rapid City, SD 57701 | for Sale | Photo 3
    215 Lindbergh Avenue | for Sale | Thumbnail 1
    215 Lindbergh Avenue | for Sale | Thumbnail 2
    215 Lindbergh Avenue | for Sale | Thumbnail 3
    Building Size: 10,908 SF
    Lot Size: 0.610 AC
    Land Size: 26,571 SF
    Building $/SF: $110.01
    Land $/SF: $45.16
    Price
    $1,200,000
    Property Highlights
    2 bed, 1 bath units include stove, refrigerator, air conditioning unit
    Each unit has an outdoor space - raised deck or walkout patio
    Maintenance room in the partial basement on the west end with access from outside
    Three laundry rooms with coin machines. Three common storage closets could be rented for additional income
    Roof, gutter and downspouts redone in 2020
    Description

    Well-maintained, 12 unit, 2-story apartment building on Rapid City’s north side. Great opportunity to invest in Rapid City's competitive housing market boosted by the expansion of Ellsworth Air Force Base and South Dakota’s business-friendly climate. 2 bed, 1 bath units rented from $695 to $825 with additional $35 utility fee. Room for rent increases to match current market rates as well as opportunities for value-add upgrades for additional income. Close to shopping, restaurants, schools, I-90 and only 10 miles from Ellsworth Air Force Base. Individual units updated with LVT flooring in the kitchen and living areas, carpeted bedrooms, tiled bathrooms. Each unit has and deck or patio. Common areas include front entrances, hallways, and three laundry rooms. Low-Income Housing Tax Credit (LIHTC) qualified census tract (103). Call 605-335-8100 to set up showing time.

    Located three blocks north of Anamosa St and two blocks east of Haines Ave. Walking distance to shopping, restaurants, entertainment, schools, one block from two public transit routes, one mile from I-90 and only 10 miles from Ellsworth Air Force Base.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Rapid City History of Multifamily Housing for Sale

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    Rapid City Area Market Trends

    Listing Demographics for 215 Lindbergh Avenue Rapid City, SD 57701

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population8,39634,47769,017
    Population Median Age363738
    Population by Age0-9 Yrs1416 (16%)4844 (14%)9569 (13%)
    10-19 Yrs959 (11%)4325 (12%)8345 (12%)
    20-29 Yrs1479 (17%)5733 (16%)10319 (14%)
    30-39 Yrs1043 (12%)4839 (14%)8960 (12%)
    40-49 Yrs721 (8%)3309 (9%)7085 (10%)
    50-59 Yrs1184 (14%)4440 (12%)8765 (12%)
    60-69 Yrs875 (10%)3599 (10%)8387 (12%)
    70+ Yrs719 (8%)3388 (9%)7588 (10%)
    Median HH Income$35,715$38,585$49,692
    Total Household Income< 24K1273 (35%)4361 (31%)6646 (23%)
    25-49K1068 (29%)4033 (29%)7343 (26%)
    50-74K719 (19%)2618 (18%)5695 (20%)
    75-99K224 (6%)1220 (8%)3236 (11%)
    100-199K301 (8%)1422 (10%)4074 (14%)
    200K+11 (0%)233 (1%)820 (2%)
    Highest Education LevelNo Diploma75224723718
    Diploma or GED1779700013438
    Some College1241580211353
    Assoc. Degree52423165181
    Bachelors Degree62732898579
    Higher Degree47218934132
    Total Housing Units3,80715,14029,892
    --Owner-Occupied1,8247,43617,380
    --Renter-Occupied1,7726,45110,434
    Owner-Occupied Values< 100K46919233422
    100-199K122240328508
    200-299K549473350
    300-399K764101311
    400-499K030382
    500K+393407
    Total Working Age Population6,45627,05454,221
    In Work Force4,21917,47835,737
    Not In Work Force2,2379,57718,484
    Workforce Employed3,77315,96633,284
    Workforce Unemployed3841,2561,940
    Civlian Workforce4,15717,22335,223
    Military Workforce62255514
    Total Households3,59613,88827,814
    Family Households1,9417,09615,865
    Non-Family Households1,6556,79211,949
    Married Couple1,1834,55211,212
    Other Family7582,5444,653
    Married w/Child2641,4143,622
    Single Male w/Child109337604
    Single Female w/Child4411,3592,502

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    South Dakota754,844+8814,180+9889,447+7951,885
    Meade County24,253+525,434+727,195+428,317
    Pennington County88,565+14100,948+13114,161+10125,154

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 215 Lindbergh Avenue in Rapid City?
    The asking price for 215 Lindbergh Avenue is $1,200,000
    What is the building size of this Multifamily property in Rapid City, SD?
    The size of the building/unit at 215 Lindbergh Avenue in Rapid City is 10,908 square feet
    How much land does the Rapid City, SD property at 215 Lindbergh Avenue include?
    215 Lindbergh Avenue in Rapid City includes 0.610 acres of land
    What is the population within 1 mile of 215 Lindbergh Avenue in Rapid City?
    The population within 1 mile of 215 Lindbergh Avenue Rapid City, SD 57701 is 8,396 people.
    Who do I contact for questions about 215 Lindbergh Avenue?
    You should contact the listing agent, Chris Long, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Billings Logan International Airport (BIL) 286
    Denver International Airport (DEN) 302
    Sioux Gateway Airport / Brigadier General Bud Day Field (SUX) 363