Older Rapid City shopping centers can't keep up with new constru - KOTA Territory News

Older Rapid City shopping centers can't keep up with new construction


Commercial property sales are booming in Rapid City: 2012 sales were more than double what they were in 2009.

But not everyone is feeling the love.
Older shopping centers like Baken Park are struggling to keep tenants.

Many businesses are opting to move into newer, more modern spaces, like Main Street Square and Rushmore Crossing.

But some business owners who are finding success in the park wonder just what it'll take to get new life in the empty store-fronts.
"I really don't know," said Teresa Carlson, owner of Fitness Plus in Baken Park, "because the location is awesome. You can't beat the location. I would say it may be the upkeep, the price of rent."
Commercial real estate brokers agree it is a prime location, but it's just not keeping up with the newer, more modern buildings.

"There is a great potential there. There really is. But you have to, like I said, you have to make it more appealing for the person driving by that wants to pull in," said Fred Holpp, a commercial retail sales broker at Coldwell Banker.
Making it more appealing could include major renovations to the exterior.

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