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    1585 Valley Dr Rapid City, SD 57703

    For Sale
    $450,000

    CI Land w/Building - Rapid City, SD

    Property size:
    1,920 SF
    Lot size:
    0.33 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 1585 Valley Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Interior features
    High Visibility
    Exterior features
    Highway Access, Hi-traffic Location
    Size
    1,920 SF
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Floors in Building
    1
    Architectural style
    Other

    Keller Williams Realty Black Hills (605) 343-7500 [email protected]

    Listing agent Christopher Long (605) 343-7500

    Listing date Nov 14, 2025

    MLS# 86686 Listing URL

    Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rapid City Commercial Corner Property

    This corner commercial property is located along Highway 44 and is currently used as a car lot. The 1,920 square foot building is situated on a 0.33-acre paved lot. The building includes a 1,275 square foot showroom and a 570 square foot garage or service bay. It also features a 10-foot by 7-foot exterior overhead door and a 9-foot 8-inch by 6-foot 9-inch interior overhead door. The interior is heated and air-conditioned, making it suitable for showroom or service use. Renovated inside and out in 2022, the building has a metal roof and a flexible layout that can be adapted for automotive, retail, or office operations. Frontage on Highway 44 at Valley Drive provides visibility and sees 16,014 vehicles per day based on a 2024 MPO count. The planned Valley Drive extension through Shepard Hills is expected to improve access and increase traffic in this growing east Rapid City corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.171806
    Latitude
    44.071114

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    FAQs

    What type of property is this?
    Specialty property - Commercial property with showroom, garage, and highway frontage.
    Where is this specialty property located?
    The property is located at 1585 Valley Dr Rapid City, SD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Highway 44 frontage with high traffic count (16,014 vehicles per day) and strong corner visibility.; - Renovated in 2022 with a flexible layout. Suitable for automotive, retail, or office operations.; - 1,920 SF building on a 0.33-acre paved lot with a 1,275 SF showroom and 570 SF garage/service bay.
    (605) 343-7500
    Request Owner's contact information
    1585 Valley Dr Rapid City, SD 57703
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    Rapid City, SD 57703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1585 Valley Dr Rapid City, SD 57703
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