Spearfish, SD Commercial Real Estate for Sale

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Hot Springs, SD Lead, SD Belle Fourche, SD Whitewood, SD Deadwood, SD Central City, SD Sturgis, SD Beulah, WY

38 properties

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Updated: May 19

Zoned Development Land with Wells

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

$800,000

9.87 AC lot

Development property zoned for 1 & 2 Family Residential, Multi‑Family Residential, Office Commercial, Light Industrial, and Planned Unit Development
Located just off I‑90 Exit 14
Two wells on the property
Seller is willing to subdivide the property for smaller lots

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Updated: Sep 15, 2025

Updated Duplex with Barn

3225 Old Belle Road, Spearfish, SD 57785

$849,000

3,950 sqft 1.62 AC lot

3,950‑square‑foot duplex property on 1.62 acres
Two updated rental units, each with 2 bedrooms and 1 bathroom
Mostly finished barn currently leased for office and storage use
Located at 3225 Old Belle Road in Spearfish, just off Exit 8
Outbuildings, barn, and RV parking included

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Warehouse Shop with Overhead Door

Tract 12D Lookout Vista Road, Spearfish, SD 57783

$495,000

4.10 AC lot

New Morton building with electrical service and a central water system under development.

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Flex Building with Four Suites

3103 E Fairgrounds Loop, Spearfish, SD 57783

$1,149,000

9,600 sqft 0.90 AC lot

Multi-suite commercial building with an apartment, partially finished lower level, and established occupancy.

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Commercial Land With Utilities

Two Bar T Street lot: 8, Spearfish, SD 57783

$675,000

3.71 AC lot

Commercial lot with gas, electricity, water, and sewer available at the lot line.

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Commercial Land with Utilities

Two Bar T Street lot: 9, Spearfish, SD 57783

$675,000

3.49 AC lot

Gas, electric, water, and sewer connections are available at the lot line for future development.

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Commercial Land with Utilities

Two Bar T Street lot: 13, Spearfish, SD 57783

$675,000

4.66 AC lot

Commercial development parcel with gas, electricity, water, and sewer available at the lot line.

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Historic Mixed-Use Property with Opera House

604 Main Street, Spearfish, SD 57783

$2,999,999

63,000 sqft

Downtown property combines retail, dining, offices, apartments, entertainment space, and service-oriented suites in one multi-building asset.

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Commercial Land with Utilities

Two Bar T Street lot: 10, Spearfish, SD 57783

$675,000

3.76 AC lot

Gas, electricity, water, and sewer are available at the lot line.

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Commercial Land with Utilities

Two Bar T Street lot: 11, Spearfish, SD 57783

$725,000

4.72 AC lot

Utilities are available at the lot line for future site development.

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Renovated Medical Office Space

747 Ames Ave, Spearfish, SD 57783

$998,500

2,400 sqft

The facility accommodates a chiropractic practice and spa with multiple offices and two bathrooms.

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Commercial Land with Utilities

Two Bar T Street lot: 12, Spearfish, SD 57783

$699,000

4.48 AC lot

Commercial land with gas, electricity, water, and sewer available at the lot line.

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Utility-Ready Commercial Land

Two Bar T Street lot: 6, Spearfish, SD 57783

$450,000

2.80 AC lot

Essential utility connections are available at the lot line for commercial development planning.

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Flexible Industrial Building

3170 Venture Ct, Spearfish, SD 57783

$525,000

12,600 sqft

New steel flex space with modular suites and utility connections prepared for business occupancy.

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Commercial Land with Utilities

Two Bar T Street lot: 2, Spearfish, SD 57783

$180,000

1.42 AC lot

Gas, electric, water, and sewer reach the lot line.

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Commercial Land with Lot-Line Utilities

Two Bar T Street lot: 5, Spearfish, SD 57783

$280,000

1.47 AC lot

Development site within a new highway service commercial project.

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Spearfish Retail Property for Sale

450 W Kansas Street, Spearfish, SD 57783

$1,500,000

5,787 sqft

Retail property in Spearfish, SD, available for purchase.

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Commercial Land with Utilities

Two Bar T Street lot: 7, Spearfish, SD 57783

$375,000

2.80 AC lot

Commercial site with gas, electric, water, and sewer available at the lot line.

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Spearfish Flex Space For Sale

3167 Venture Ct, Spearfish, SD 57783

$1,349,900

4,000 sqft

Flex space available in Spearfish, South Dakota.

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Commercial Land with Utilities

Two Bar T Street lot: 3, Spearfish, SD 57783

$180,000

1.38 AC lot

Gas, electric, water, and sewer are available at the lot line for commercial development planning.

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Specialty Property

310 26th Street, Spearfish, SD 57783

$1,549,000

17,520 sqft

The property includes forced-air heating and natural gas features within a commercial specialty asset.

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Commercial Land with Utilities

Two Bar T Street lot: 4, Spearfish, SD 57783

$240,000

1.38 AC lot

Commercial land with gas, electric, water, and sewer available at the lot line.

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New Warehouse Building

323 Seaton Circle, Spearfish, SD 57785

$900,000

8,000 sqft

Recently constructed warehouse in Spearfish with a 2024 completion date.

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Resort Property With Guest Cabins

10900 Rimrock Place, Spearfish, SD 57783

$2,795,000

Established retreat property with lodging, dining, retail, and event-oriented improvements in a forested canyon setting.

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Spearfish, SD Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Spearfish, SD, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 161,269 square feet of properties for sale, with an estimated market value of $32,829,198.

Sale prices for business properties in Spearfish, SD start at $87,900, averaging $937,977, and reaching up to $4,900,000 — 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
Spearfish - 57783	$651K
Sturgis - 57785	$874.5K

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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