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$ 3,300,000
Est. payment | /mo
0.25 Acres Lot
$ 3,300,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 179979
Lot Size 0.254 Acres
Property Sub-Type Retail
Property 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.
Location
State SD
County Pennington
Area West Blvd
Interior
Cooling Central
Listed by KELLER WILLIAMS REALTY BLACK HILLS
NEARBY SCHOOL & PROPERTIES
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