Back to Listings 1333 Elk Vale Rd
1-90 & Elk Vale Hotel Restaurant/Bar Opportunity
$15.00/SF/YR
Bldg 5,252 SF | Land 1.6 Acre | 1 Story
Property Information
Listing #170612
Zoning General Commercial
Bldg SF 5,252
County Pennington
Acres 1.6
Highlights
⊲Hotel Restaurant/Bar Opportunity! Take advantage of I-90/Elk Vale frontage, heavy summer tourist traffic, and convention traffic in the off season.
⊲Rapidly developing area with limited full-service restaurant and entertainment options.
⊲The unit has a practical layout that includes a 47'x57' dining/entertaining area and 47’x17’ catering kitchen with a storage room, corridor connecting to the hotel, M/W restrooms, coat room, and additional storage space.
⊲Parking on both sides of the hotel, providing plenty of convenience for customers/staff. ⊲Tenant improvement allowance to be negotiated.
COMFORT SUITES HIGHLIGHTS
⊲ 99% Occupancy during tourist season
⊲ 94% rating in Guest Recommendations
⊲ 4.6 Stars Choice Hotel Reviews
⊲ 4.3 Stars Google Review
⊲ High visibility, high traffic location where Elk Vale meets I-90
⊲ 2023 recorded traffic count of 20,836 vehicles per day
Listing Agents
Commercial Broker
Chris began his career in Denver, CO as a research associate for The Meyers Group. During his time in this position, he led the new development research group and published monthly reports on sales trends and absorption rates in the local market.In 2003 he joined UDR, Inc., a national real estate investment trust focused on the multifamily sector. During his tenure with UDR, he held positions of financial analyst, operational strategist and 4 years as Director of Pricing and Revenue Management. Chris led a team in a nationwide rollout of yield management software for over 230 properties which led to industry wide adoption and industry leading revenue growth.After moving to South Dakota in 2010, Chris joined Sandra Runde and formed the only team in Western South Dakota solely focused on commercial real estate sales and leasing. Over the past 12 years, the KW Commercial team has led the market in both commercial sales and commercial leasing volume. In the last 3 years his team has sold and leased nearly $200 Million in real estate placing them #1 in the North Central Region and ranked in the top 10 for KW Commercial nationwide.
Leasing Agent
With 18 years of experience wearing many hats throughout her commercial real estate career, Gina started her real estate journey with corporate firm JLL as a brokerage coordinator for their Chicago industrial team, supporting their business development, supply chain consulting and site selection projects. After returning home to South Dakota, she joined KW Commercial in June of 2017 as marketing & listing coordinator, becoming familiar with Rapid City’s market and changing focus from business-to-business sales to direct-to-consumer marketing. Recognizing the steady growth of the area and the opportunity to make an impact, in 2021, Gina took the natural next step to leasing agent helping tenants and landlords lease commercial property in an increasingly competitive market.
