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Map ViewSatellite ViewRetail Space for Lease
Shell Space Size
3,220 SF +/- (subdividable)
Suite 2 Size
1,565 SF +/-
Suite 3 Size
1,655 SF +/-
Price / SF
$24.00 / SF NNN
Est. NNN
$7.75 / SF
TIA
$50.00 / SF
Location Highlights
Block 5 is a vibrant and dynamic mixed-use development in Rapid City, South Dakota at the intersection of Main Street and 5th Street. Anchored by a 117-room Hyatt Place hotel, the 10-story project seamlessly blends residential, commercial and visitor space. The first floor includes 7,000+ square feet of retail space in addition to the hotel lobby and 5,000 square feet of meeting space.
The Hyatt Place occupies floors two through four with the top five floors being residential offering a mix of 132 studio, one, and two-bedroom apartments. The development completed construction in May 2025.
The Hyatt Place occupies floors two through four with the top five floors being residential offering a mix of 132 studio, one, and two-bedroom apartments. The development completed construction in May 2025.
Description
- Commercial retail is shell space ready for tenant build-out requests.
- Generous Tenant Improvement Allowance available for qualified tenants
- Amenities include onsite parking, a top-of-the- line fitness center, inviting community spaces, a stylish lounge and office area, a well-designed mailroom, and more.
- Confirmed first floor retailers include Toastique, a boutique gourmet toast & juice bar.
- The Block 5 development presents 132 luxurious studio through two-bedroom apartments. The Block 5 Lofts occupy the top 6 floors.
- Block 5 accommodates the esteemed Hyatt Place, providing 117 upscale hotel rooms across floors two – four.
- 5,000 square feet of meticulously designed meeting space
- Within the vibrant downtown entertainment district
- Downtown Rapid City is known for their quality shops, ‘Main Street Square,’ historical architecture, Art Alley, Firehouse Brewing Company, outdoor areas, and live music. In 2024, downtown Rapid City attracted 975.7K out-of-market visitors, bringing in an estimated impact of $424M in tourism dollars.
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