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Pennington County, SD Land for Lease

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Sioux Falls, SD Rapid City, SD Mitchell, SD
Rapid City Build-to-Suit Lease
Updated: Apr 21, 2025
Rapid City Build-to-Suit Lease

1002 West Main Street, Rapid City, SD 57701

$33 SF/Yr
6,000 sqft · $16,690/Mo
High‑traffic location at a signalized intersection with 32,841 daily traffic count.
Build‑to‑suit lease opportunity with owner providing $350/sf for building and site costs.
Unmatched exposure directly off the I‑90 exit.
Flexible building options: up to 3,000 SF for restaurant/food service or up to 6,000 SF for retail/office.
Located on a .74‑acre lot adjacent to the rapidly growing central business district.
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Multifamily Lot Near Air Force Base
Updated: Nov 25, 2025
Multifamily Lot Near Air Force Base

307 Cactus Ct, Box Elder, SD

Contact for pricing
13.72 acre multifamily lot ideal for investment and construction.
Located in a prime area off Exit 63 within Box Elder city limits, near Ellsworth Air Force Base.
Infrastructure is under way in the Alpha Omega Subdivision.
Opportunity to capitalize on projected growth in the Box Elder/Rapid City region.
All city utilities, hard surface roads with curb and gutter are available.
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Commercial Land Lease Opportunity
Commercial Land Lease Opportunity

4111 Cheyenne Boulevard, Rapid City, SD 57703

Contact for pricing

Commercial land for lease in high-growth Rapid City corridor.

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Based on your search, we've compiled 124 Potential Opportunities for your consideration. Besides 3 Active listings in Pennington County, SD, we suggest exploring alternatives. Similar 121 Properties for Sales.

Similar Spaces for Sale in Pennington County, SD

Consider Similar Space for Sale. We found 121 Spaces matching your search parameters.

Commercial Land with Highway Access
Commercial Land with Highway Access

13660 Highway 40, Keystone, SD 57751

$674,900
30.12 AC lot

30+ acres with a well, power, and two gated entries off Highway 40 for flexible development and recreation.

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Land in Scotland Hills
Land in Scotland Hills

Lot 17 C W Minnesota Street, Rapid City, SD 57701

$600,000
5.70 AC lot

Build your custom home on a 5.70-acre lot.

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Residential Development Land Acreage
Residential Development Land Acreage

Lot17 A W Minnesota Street, Rapid City, SD 57701

$900,000
10.85 AC lot

Secluded 10.85-acre homesite with utility services brought to the lot and asphalt road access in Rapid City.

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General Commercial Land Site
General Commercial Land Site

550 N Ellsworth Road, Box Elder, SD 57719

$800,000
4.07 AC lot

Commercially zoned land with electric to the lot line along a heavily traveled corridor near a major retailer.

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Mining-Inspired Land Development Site
Mining-Inspired Land Development Site

1201A Old Hill City Road, Keystone, SD 57751

$674,900
22.83 AC lot

22.83-acre property within Keystone city limits with historic mining remnants, old mine roads, and USFS-adjacent privacy on two sides.

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Platted Residential Land with Elevation Change
Platted Residential Land with Elevation Change

13752 Borglum Road, Keystone, SD 57751

$175,000
4.42 AC lot

4.42 acres in a maintained subdivision with mixed grassland and mature Ponderosa pine, plus notable terrain change.

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19.28 Acre Lot in Rapid City
19.28 Acre Lot in Rapid City

Lot 17 D W Minnesota Street, Rapid City, SD 57701

$1,200,000
19.28 AC lot

Build your custom home with stunning Rapid City views.

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Land with Panoramic Black Hills Views
Land with Panoramic Black Hills Views

4022 Linden Ln, Rapid City, SD 57702

$325,000
1.93 AC lot

Rare land opportunity with flexible residential zoning and stunning views.

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City-Limits Residential Land Parcel
City-Limits Residential Land Parcel

tract 5 HARMONY HEIGHTS LN, Rapid City, SD 57701

$249,000
1.48 AC lot

Buildable residential lot near Rapid City, offering privacy and eligibility to connect to City Sewer.

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Commercial Lot on Radar Hill
Commercial Lot on Radar Hill

22763 Mule Deer Trail, Box Elder, SD 57719

$160,000
0.74 AC lot

Prime commercial lot with high visibility and utilities available.

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Keystone Acreage Bordering Forest Service
Keystone Acreage Bordering Forest Service

Old Hill City Road lot: 3 & 4, Keystone, SD 57751

$745,000
25.17 AC lot

25+ acres near Mount Rushmore with no covenants!

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Commercial Lot in Rapid City
Commercial Lot in Rapid City

3429 W Rapid Street, Rapid City, SD 57701

$150,000
0.30 AC lot

General commercial building lot on Rapid City's thriving west side.

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Hill City Premium View Lot
Hill City Premium View Lot

12491 S Tall Pine Road, Hill City, SD 57745

$449,900
6.05 AC lot

Premium residential lot with utilities and a build site designed for broad views.

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Recreational Land Lot with Mountain Views
Recreational Land Lot with Mountain Views

Old Hill City Road, Hill City, SD 57745

$359,900
3.53 AC lot

A 3.53-acre Hill City lot on a blacktop road, with an existing well and bordering U.S. Forest Service land.

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Keystone Land with Mountain Views
Keystone Land with Mountain Views

13859 Melvin Road, Keystone, SD 57744

$170,000
2.85 AC lot

Secluded homesite near Mount Rushmore with no covenants.

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Residential Land with Panoramic Views
Residential Land with Panoramic Views

4022 Linden Ln, Rapid City, SD 57702

$325,000
1.93 AC lot

Rare Rapid City land with development potential and stunning views.

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Residential Land Lot with Views
Residential Land Lot with Views

TBD Lot 15 Villaggio Lane, Rapid City, SD 57702

$175,000
0.46 AC lot

Gently sloping lot with mature trees and natural rock, facing east for a buildable residential setting.

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Land Parcel with Interstate Exposure
Land Parcel with Interstate Exposure

Harmony Heights Lane, Rapid City, SD 57702

$600,000
7.47 AC lot

7.47-acre parcel opposite Harmony Heights Apartments, positioned for potential medium- to high-density residential development.

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Keystone Acreage Bordering Forest Service
Keystone Acreage Bordering Forest Service

Old Hill City Road lot: 3, Keystone, SD 57751

$446,100
14.87 AC lot

14.87 acres near Mount Rushmore with no covenants!

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Custom Home Lot in Residential Subdivision
Custom Home Lot in Residential Subdivision

5533 Cloud Peak Drive, Rapid City, SD 57702

$220,000
0.55 AC lot

Build-ready lot in Highpointe Ranch North with utilities available at the lot line.

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Keystone Land Bordering Forest Service
Keystone Land Bordering Forest Service

Old Hill City Road lot: 4, Keystone, SD 57751

$349,900
10.30 AC lot

10+ acres near Mount Rushmore with no covenants!

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Pennington County, SD Land Market Trends and Statistics

Explore Land leasing options in Pennington County, SD with 3 listings featured on our commercial real estate exchange. The current inventory includes 6,000 square feet of properties with an estimated lease value of $33 SF/Yr.

Estimated lease rates for Land in Pennington County, SD begin at $33 SF/Yr, with an average of $33 SF/Yr and extend to $33 SF/Yr.
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