Rapid City, SD Commercial Land for Sale

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Aberdeen, SD Summerset, SD Box Elder, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD

42 properties

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Updated: Aug 20

General Commercial Land

530 E NORTH, Rapid City, SD 57701

$89,900

General Commercial zoning
Potential retail, coffee, service, and hospitality uses subject to City of Rapid City approval
Located at 530 E NORTH, Rapid City, SD 57701
Surrounded by motels, pizza restaurants, gas stations, and other established commercial businesses

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Updated: Apr 12, 2023

Corner Lot with Completed Parking

Outfitter Road, Rapid City, SD 57701

$539,000

1.77 AC lot

Corner lot with visibility and traffic count of 8,180 vehicles/day
Completed parking lot on half of the lot
Neighbors include Cabela's, Sickies Garage Burgers & Brews, and Rice's Rapid Motorsports

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Commercial Development Corner Lot

Stumer Road, Rapid City, SD 57701

$574,992

1.11 AC lot

1.11-acre corner site with General Commercial zoning for retail, restaurant, office, or service development.

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See what stands out in Pennington County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Commercial Land Near Gas Station

1903 MOON MEADOWS DR, Rapid City, SD 57701

$980,100

Commercially zoned land positioned along Moon Meadows Drive near a convenience and fuel station.

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Rapid City Land Parcel

3515 Seger Drive, Rapid City, SD 57701

Contact for pricing

1,920 sqft

Commercial land parcel available in Rapid City, South Dakota.

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Commercial Land with Street Frontage

4244 HOMESTEAD, Rapid City, SD 57703

$341,022

Homestead Street frontage connects the parcel with nearby residential growth, retail stores, and a bank.

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Commercial Land Parcel

1503 E Anamosa Street, Rapid City, SD 57701

$599,000

For sale commercial land offering a blank site for future commercial development, subject to buyer due diligence.

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Commercial Land Near Interstate

1510 HAINES AVE, Rapid City, SD 57701

$379,000

Commercial lot on Haines Avenue, positioned just off the interstate for local and traveling traffic.

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Rapid City Development Site For Sale

3222 Jaffa Garden Wy, Rapid City, SD 57703

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4.00 AC lot

4-acre commercial/multifamily development site in established Orchard Meadows subdivision.

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Rapid City Commercial Investment Opportunity

3610 Eglin St, Rapid City, SD 57703

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1.63 AC lot

Shovel-ready 1.63-acre commercial lot in a dynamic growth area.

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3.1-Acre Commercial Land Near Walmart

Lot 7 E Stumer Road, Rapid City, SD 57701

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Corner commercial site with multiple access points and Stumer Road frontage near established retail and restaurant operators.

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General Commercial Warehouse

620 East Blvd N, Rapid City, SD 57701

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3,000 sqft 0.39 AC lot

Flat commercial parcel with a cement-block warehouse, overhead door, and General Commercial zoning.

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Shovel-Ready Commercial Land

Lot 10 E Anamosa Street, Rapid City, SD 57701

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Corner commercial parcel with flexible zoning and build-to-suit options.

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Office-Commercial Land

1250 NEEL, Rapid City, SD 57703

$400,000

Office-commercial zoning supports professional business fronts and proximity to established retail, service, and community destinations.

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General Commercial Land Lot

2512 Marlin Dr, Rapid City, SD 57701

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3.78 AC lot

3.78-acre general commercial lot with utilities to the lot line in a growing commercial park.

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Commercial Land Near Interstate Access

4111 CHEYENNE BLVD, Rapid City, SD 57701

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Build-to-suit or land lease site with utilities available and access to Interstate 90.

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Mixed-Use Property with Undeveloped Land

7800 Albertta Dr, Rapid City, SD 57702

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2.87 AC lot

Flexible interior configuration includes non-load-bearing walls and additional undeveloped land.

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East Mall Drive Frontage Property

2941 E Mall Drive, Rapid City, SD 57701

$1,604,097

Prime commercial land with high visibility and development potential.

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Commercial Lot in Rapid City

865 N Valley Dr, Rapid City, SD

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4.46 AC lot

Strategically positioned commercial lot in a rapidly growing corridor.

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Commercial Land with Retail Frontage

3241 E MALL DR, Rapid City, SD 57701

$500,000

Positioned among established retail, automotive, hospitality, and healthcare development along East Mall Drive.

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Level Commercial Development Land

101 Mall Drive, Rapid City, SD 57701

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12.76 AC lot

Level, open commercial lot with no obstructions, sized to support a range of development plans.

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Commercial Land Near Interstate

1510 Haines Ave & 420 Doolittle St., Rapid City, SD 57701

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General Commercial-zoned land with convenient interstate access and exposure to local and interstate traffic.

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Rapid City Commercial Lot For Sale

3715 Edwards St, Rapid City, SD 57701

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5.00 AC lot

5-acre commercial lot with high traffic and visibility.

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Interstate Frontage Commercial Land

TBD E Mall Dr ( 9.948 Acres ), Rapid City, SD 57701

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9.95 AC lot

9.946 acre lot with interstate frontage and city utilities.

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Rapid City, SD Commercial Land Market Trends and Statistics

Explore 43 commercial land for sale in Rapid City, SD, showcased through 42 active listings on our real estate platform. These investment opportunities span a total of 2,808,926 square feet of properties for sale, with an estimated market value of $9,436,111.

Sale prices for commercial lots in Rapid City, SD start at $89,900, averaging $786,342, and reaching up to $3,279,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 99K

Population Growth (5Y) +3.2%

Median Household Income $70,356

College Educated 33.1%

High-Yield Neighborhoods for Investment

Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
57701	$704.1K
57703	$1.3M

Taxes & Financing

Tax Rate (average for all types) 1.36%

Property Tax per SF $31.57 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pennington County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Pennington County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Rapid City fall within the 1 to 5 acres range.

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