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    Spearfish, SD

    Spearfish, SD Commercial Real Estate for Sale

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    Lead, SD Belle Fourche, SD Deadwood, SD Whitewood, SD Sturgis, SD Beulah, WY Aladdin, WY Nisland, SD
    24 properties
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    Duplex with Office Barn and Land
    Updated: Sep 15, 2025
    Duplex with Office Barn and Land

    3225 Old Belle Road, Spearfish, SD 57785

    $900,000
    3,950 sqft 1.62 AC lot
    1.62‑acre property just off Exit 8 with outbuildings, RV parking, and a barn
    Updated duplex rental home with each unit offering 2 bedrooms and 1 bathroom
    Barn is mostly finished and currently leased as an office and storage space
    1967‑built frame and brick construction with composition roof
    Heating includes heat pump, electric, and baseboard; cooling includes wall unit(s)
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    Brand New 24x48 Industrial Shop
    Updated: Jun 8
    Brand New 24x48 Industrial Shop

    Tract 12D Lookout Vista Road, Spearfish, SD 57783

    $495,000
    4.10 AC lot
    Brand new 24x48 shop on a 4.1‑acre lot at the top of Lookout Mountain
    Morton building with 16‑ft side walls and a 20‑ft overhead door
    Electricity on site; developer is installing a central water system
    Adjacent land to the west is owned by the City of Spearfish, providing open space
    Panoramic views of the Black Hills and shimmering lights of Spearfish
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    Zoned Development Land with Wells
    Zoned Development Land with Wells

    Windmill Drive lot: 2R-1, Spearfish, SD 57783

    $800,000
    9.87 AC lot

    Development-ready land totaling 9.87 acres with two wells and zoning allowing a range of residential and light industrial uses.

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    Spearfish Retail Property for Sale
    Spearfish Retail Property for Sale

    450 W Kansas Street, Spearfish, SD 57783

    $1,700,000
    5,787 sqft

    Retail property in Spearfish, SD, available for purchase.

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    Spearfish Land with Views
    Spearfish Land with Views

    Brooks Loop, Spearfish, SD 57783

    $499,000
    11.81 AC lot

    11+ acres with views near Elkhorn Ridge Golf Estates.

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    Spearfish Land Opportunity
    Spearfish Land Opportunity

    E Colorado Boulevard, Spearfish, SD 57783

    $1,099,000
    13.53 AC lot

    13.53 acres in the Sky Ridge complex, Spearfish, SD.

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    Flex/Industrial Building with Clear Span
    Flex/Industrial Building with Clear Span

    720 N. 11th Street, Spearfish, SD 57783

    $800,000
    11,700 sqft 0.48 AC lot

    Single-level building with clear span steel beam construction and paved parking on three city lots.

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    Turnkey 20-Unit Motel Property
    Turnkey 20-Unit Motel Property

    925 North 3rd Street, Spearfish, SD 57783

    $1,700,000
    5,787 sqft

    Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.

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    Irish Pub and Restaurant
    Irish Pub and Restaurant

    545 W Jackson Blvd, Spearfish, SD 57783

    $119,000

    Established in 2007, this Irish pub and restaurant offers food, handcrafted drinks, and live entertainment.

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    Remodeled Downtown Spearfish Commercial Property
    Remodeled Downtown Spearfish Commercial Property

    115 W Hudson Street, Spearfish, SD 57783

    $595,000
    2,926 sqft

    Remodeled commercial property in downtown Spearfish with office and retail space.

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    Mixed-Use Building with Parking
    Mixed-Use Building with Parking

    517 N Main Street, Spearfish, SD 57783

    $795,000

    Renovated mixed-use building offers three commercial spaces and three residential units with six paved off-street parking spaces.

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    Downtown Retail Storefront
    Downtown Retail Storefront

    648 N Main St, Spearfish, SD 57783

    $49,000
    950 sqft

    First-floor retail space selling children’s clothing, books, and toys, with additional tenants on the second level.

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    Second-Level Medical Office Suite
    Second-Level Medical Office Suite

    344 Main Street, Spearfish, SD 57783

    Contact for pricing
    880 sqft

    Proposed second-level suite with south-side elevator access and building signage in a new Main Street commercial building.

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    Retail Endcap with Patio
    Retail Endcap with Patio

    344 Main Street, Spearfish, SD 57783

    Contact for pricing
    2,154 sqft

    New first-level end-cap retail suite with front and rear access, floor-to-ceiling windows, and a covered patio with fire pit and lighting.

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    Agricultural Land Parcel
    Agricultural Land Parcel

    Lot 12C WOODLAND DR, Spearfish, SD 57783

    $364,900

    Agricultural land in Lawrence County, offering rural space for farming uses or long-term investment planning.

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    Specialty Development Lot
    Specialty Development Lot

    lot 30 Centennial Vista Avenue, Spearfish, SD 57783

    $271,000

    Vacant lot offered for sale on Centennial Vista Avenue in Lawrence County, South Dakota.

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    High-Traffic Highway Service Land
    High-Traffic Highway Service Land

    520 & 530 Heritage Drive, Spearfish, SD 57783

    Contact for pricing

    Commercial land on Heritage Drive with high visibility and partially completed grading for easier site preparation.

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    Flex Warehouse with Retail Front
    Flex Warehouse with Retail Front

    3316 East Fairgrounds Loop, Spearfish, SD 57783

    Contact for pricing

    Warehouse includes 14' sidewalls and an overhead door, with retail/office space in front and open shop area in back.

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    Ranch Acreage with Hunting Access
    Ranch Acreage with Hunting Access

    10076 Beulah Rd, Spearfish, SD 57783

    Contact for pricing
    3,196.00 AC lot

    Ranch acreage for sale featuring both hunting-focused attributes and livestock use in the Black Hills area.

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    Solar Development Land with Full Sun
    Solar Development Land with Full Sun

    Lot 27 Timberline Road, Spearfish, SD 57783

    $265,000

    View lot with full sun exposure, privacy, and multiple potential building sites on over four acres.

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    High-Visibility Industrial Land
    High-Visibility Industrial Land

    530 Heritage Drive, Spearfish, SD 57783

    Contact for pricing

    Industrial land on Heritage Drive with highway service commercial zoning and partial grading for easier site prep.

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    Industrial Processing Facility for Sale
    Industrial Processing Facility for Sale

    3204 East Fairgrounds Loop, Spearfish, SD 57783

    Contact for pricing

    Specialty meat business and equipment package offered, with a rented building whose lease may be transferable.

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    Prime Commercial Lot Available
    Prime Commercial Lot Available

    Lot 1 Platinum Drive, Spearfish, SD 57783

    $449,000
    0.89 AC lot

    Commercial lot with great access and high visibility in Spearfish.

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    Prime Commercial Lot Available
    Prime Commercial Lot Available

    Lot 13 Platinum Drive, Spearfish, SD 57783

    $449,000
    0.60 AC lot

    Commercial lot with great access and high visibility.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Spearfish, SD, we suggest to view alternatives - similar 48 Off-Market properties to explore as potential leads.

    Spearfish, SD Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Spearfish, SD, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 34,134 square feet of properties for sale, with an estimated market value of $11,349,900.

    Sale prices for business properties in Spearfish, SD start at $49,000, averaging $667,641, and reaching up to $1,700,000 — 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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    Demographics Overview

    Population 18K
    Population Growth (5Y) +9.0%
    Median Household Income $64,970
    College Educated 47.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    Sturgis $900K
    Spearfish $944.7K

    Taxes & Financing

    Tax Rate (average for all types) 1.58%
    Property Tax per SF $27.33 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 Lawrence County

    New Delisted

    Total CRE Inventory on Market (SF)

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    • 57783
    • 57785

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