Property Listing No Longer Available for Sale

1051 Kennel Dr Insulation Business AND Building

Rapid City, SD

Industrial for Sale - $1,700,000 - 10,300 Sq. Ft. on 0.77 acres

Property Info

  1051 Kennel Dr Insulation Business AND Building
  Rapid City SD 57701
UpdatedJune 14th, 2019
Building10,300 Sq. Ft.
Land0.77 acres

Property Description

YTD 2019 net income yielding a 9.65 cap rate! Malon Insulation Services has been a staple in the regional community for decades and now the owner wants to sell his business to an entrepreneur so that he can retire! Providing innovative solutions across an eight-state area, MIS is considered an industry leader in cutting-edge insulation and fireproofing systems and practices. "Properly installed systems delivered on time" is their motto. Jobs completed include over 1,300 private homes and apartments, multiple hotels like the Hilton Garden Inn & Suites and Watiki Waterpark hotels, small and large commercial buildings, the new Piedmont Elementary School, multiple Ellsworth Air Force Base buildings, Regional Hospital and Black Hills Energy's new corporate HQ. The current jobs contracted but not complete exceed $800,000 in revenue. This offering is for the business and the real property. Two ground level overhead doors and two truck level loading docks. Buildings are insulated and heated. Office space and restroom in place. Two mezzanine spaces allow for overhead storage. Easy access to Highway 44 and the truck bypass/Catron/Elk Vale.