Rapid City, SD Land for Sale

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Summerset, SD Black Hawk, SD Box Elder, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD

140 properties

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Updated: Jul 13

Residential Land with No Covenants

Cosmos Road, Rapid City, SD 57702

$249,000

6.66 AC lot

Nearly 7 acres with ponderosa pines, dramatic rock outcroppings, and long‑range views in every direction
No covenants, giving you flexibility for your plans
Direct access to hundreds of acres of U.S. Forest Service land right out your back door
Multiple level building sites for a home, cabin, or vacation retreat
Gently rolling hills and scenic valleys provide privacy

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Updated: Jun 18

Land with Panoramic Black Hills Views

4022 Linden Ln, Rapid City, SD 57702

$325,000

1.93 AC lot

Panoramic views of Skyline Drive, Canyon Lake, and the Black Hills within city limits.
Zoned Medium Density Residential offering flexibility for single family, duplex, townhome, or multi‑unit development (buyer to verify).
Spans two parcels, providing ample space and potential.
No covenants, offering freedom and control over property use.
In‑town convenience, combining natural beauty with urban accessibility.

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Gated Residential Development Lot

Lot17 A W Minnesota Street, Rapid City, SD 57701

$900,000

Gated Scotland Hills lot offers utilities at the lot line and requires septic for new construction.

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Commercial Land Near Gas Station

1903 Moon Meadows Drive, Rapid City, SD 57701

$980,100

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

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East-Facing Residential Build Lot

TBD Lot 15 Villaggio Lane, Rapid City, SD 57702

$169,900

0.46 AC lot

Gently sloping east-facing lot with mature trees and natural rock formations in Villaggio at Golden Eagle.

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Gated Custom Home Building Lot

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

$600,000

Gated residential lot with utilities at the lot line and septic required for construction.

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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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Rapid City Land Parcel

3515 Seger Drive, Rapid City, SD 57701

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1,920 sqft

Commercial land parcel available in Rapid City, South Dakota.

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Custom Home Lot in Gated Community

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

$1,200,000

Gated homebuilding lot with utilities and asphalt road access at the lot line, pending final plat approval.

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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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Commercial Land Parcel

1503 E Anamosa Street, Rapid City, SD 57701

$656,884

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

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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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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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Office-Commercial Zoned Development Land

Lot 1, Block 3, Marlin Dr, Rapid City, SD 57703

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3.32 AC lot

3.32-acre parcel zoned for office or medium-density residential, accessed via a lighted intersection at E Minnesota and Elk Vale.

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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 Lot in Copperfield Vista

3203 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in Rapid City's growing Copperfield Vista.

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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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Residential Lot in Rapid City

3116 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in a growing Rapid City 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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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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Commercial Land Parcel

2015 Hope Court, Rapid City, SD 57701

$871,200

Commercial-zoned parcel addressed on Hope Court in Pennington County.

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Residential Lots in Copperfield Vista

3204 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium lots in Copperfield Vista subdivision, Rapid City, South Dakota.

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Industrial Land Parcel

360 DISK DR, Rapid City, SD 57701

$1,269,817

For-sale industrial land located in Pennington County.

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Residential Lots in Copperfield Vista

3218 Fran Way, Rapid City, SD 57703

$87,150

0.29 AC lot

Premium residential lots in a growing Rapid City location.

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Rapid City, SD Land Market Trends and Statistics

Explore 140 land for sale in Rapid City, SD, showcased through 140 active listings on our real estate platform. These investment opportunities span a total of 13,064,693 square feet of properties for sale, with an estimated market value of $35,517,557.

Sale prices for lots in Rapid City, SD start at $39,500, averaging $338,262, 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
Rapid City	$394.8K
Box Elder	$560.5K

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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