Rapid City, SD Land for Sale

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Box Elder, SD Summerset, SD Black Hawk, SD

102 properties

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Updated: Mar 23

Rapid City Development Opportunity

3222 Jaffa Garden Way, Rapid City, SD 57703

$610,000

4.00 AC lot

Prime 4‑acre development site in established Orchard Meadows subdivision.
High visibility location on Elk Vale Road, a key corridor connecting I‑90 and Highway 16.
Suitable for commercial or multifamily development (retail, office, multifamily).
Level topography, paved access, and public utilities for efficient development.
One of the last remaining lots in the subdivision.

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Updated: Mar 16

Rapid City Commercial Development Land

621 E Mall Drive, Rapid City, SD 57702

$1,875,885

7.23 AC lot

Prime commercial development land in a high‑traffic location.
Excellent location next to Hilton Garden Inn, near Rushmore Crossing, Fleet Farm, and Uptown Rapid retail center.
Convenient access to I‑90 (Exit 59) and major commercial corridors.
Infrastructure already extended to the site, including water, sewer, electric, and gas.
Zoned General Commercial, supporting hospitality, restaurant, retail, and service‑oriented businesses.

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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

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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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

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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Rapid City Development Opportunity

E Anamosa Street, Rapid City, SD 57701

$2,340,000

15.34 AC lot

15.34-acre commercial land in Rapid City's retail corridor.

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Residential Development Lot with Mature Trees

tract 5 HARMONY HEIGHTS LN, Rapid City, SD 57701

$249,000

1.48 AC lot

Build on a 1.48-acre city-limits lot with mature trees, meadow space, and eligibility for city sewer connection.

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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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Rapid City Commercial Land I-90

TBD Latrobe Avenue, Rapid City, SD 57701

$1,700,000

6.19 AC lot

Exceptional commercial land with unmatched I-90 potential in Rapid City.

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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

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

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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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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Executive Lot in Highpointe Ranch North

5609 Cloud Peak Drive, Rapid City, SD 57702

$270,000

0.87 AC lot

Buildable residential lot in Highpointe Ranch North with essential utilities available at the lot line.

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Prime Development Land Opportunity

TBD Elk Vale Road, Rapid City, SD 57703

$5,800,000

24.95 AC lot

High-traffic, high-visibility land for commercial development in Rapid City.

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Black Hills Land with Views

Cosmos Road, Rapid City, SD 57702

$249,000

6.66 AC lot

6.66 acres bordering US forest service land near Rapid City.

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Commercial Land 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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Retail Site on Haines Avenue

2440 Haines Avenue, Rapid City, SD 57701

$220,000

0.51 AC lot

Prime retail location in Rapid City's commercial corridor.

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Rapid City Development Site For Sale

3222 Jaffa Garden Wy, Rapid City, SD 57703

$610,000

4.00 AC lot

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

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East Mall Drive Frontage Property

2827 E Mall Dr, Rapid City, SD 57701

$1,842,000

9.95 AC lot

Prime commercial land with high visibility and development potential.

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Residential Lots in Copperfield Vista

3124 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Residential Lots in Copperfield Vista

3132 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City subdivision.

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Residential Lots in Copperfield Vista

3129 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Rapid City, SD Land Market Trends and Statistics

Explore 102 land for sale in Rapid City, SD, showcased through 102 active listings on our real estate platform. These investment opportunities span a total of 17,853 square feet of properties for sale, with an estimated market value of $7,229,000.

Sale prices for lots in Rapid City, SD start at $229,000, averaging $3,614,500, and reaching up to $7,000,000 — 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
Box Elder	$560.5K
Rapid City	$698.8K

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)

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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