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    2R-1 Windmill Dr Spearfish, SD 57783

    For Sale
    $925,000

    Land, Other - Spearfish, SD

    Type:Agriculture
    Lot size:
    9.87 Acres
    Days on Market:
    57
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 2R-1 Windmill Dr

    General Information

    Property type
    Land
    Property subtype
    Agriculture
    Standard status
    Active
    Lot size
    9.87 Acres

    Building Details

    Architectural style
    Other

    Engel & Völkers Spearfish (605) 716-4847 [email protected]

    Listing agent Krista Heid (605) 716-4847

    Listing date Oct 10, 2025

    MLS# 83403 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spearfish Development Property Near I-90

    This development property is zoned for 1 & 2 Family Residential, Multi-Family Residential, Office Commercial, Light Industrial, and Planned Unit Development, offering various opportunities. The property is conveniently located just off of I-90 Exit 14 and surrounded by several amenities. There are currently two wells on the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.81505
    Latitude
    44.484077

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    FAQs

    What type of property is this?
    Commercial land - Development property near I-90 with multiple zoning possibilities.
    Where is this commercial land located?
    The property is located at 2R-1 Windmill Dr Spearfish, SD.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime development property offering multiple zoning options including 1 & 2 Family Residential, Multi-Family Residential, Office Commercial, Light Industrial, and Planned Unit Development.; - Convenient location just off I-90 Exit 14.; - Surrounded by several top amenities.
    (605) 716-4847
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    2R-1 Windmill Dr Spearfish, SD 57783
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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
    2R-1 Windmill Dr Spearfish, SD 57783
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