Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5410 Lazy Horse Ln Spearfish, SD 57783

    For Sale
    $3,600,000

    Ranch - Spearfish, SD

    Type:Farm
    Lot size:
    91.55 Acres
    Days on Market:
    116
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 5410 Lazy Horse Ln

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Agriculture
    Exterior features
    Fenced Perimeter
    Fencing
    Fenced, Perimeter
    Lot size
    91.55 Acres

    Building Details

    Architectural style
    Ranch

    Farmers National Company (605) 641-0574 [email protected]

    Listing agent Kerry Engelmann (605) 641-0574

    Listing date Aug 12, 2025

    MLS# 85656 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

    Picturesque Ranch Near Spearfish, SD

    Miller Creek Meadows is a 91.55-acre property featuring rolling meadows, timbered ridges, and rocky outcroppings characteristic of the northern Black Hills. The meadows are bordered by mature stands of ponderosa pine and native bur oak, with an understory of aspen, chokecherry and apple trees. The terrain includes exposed rock ledges and outcrops of Paha Sapa limestone and pink-buff Englewood limestone overlying older Spearfish Formation red siltstone and shale. These rocky ridges provide natural perches for turkey and vantage points for archery hunting, while the oak–pine margins provide food and cover. The seasonal Miller Creek meanders through spring-fed swales, enhancing the grasslands that yield hay annually, and supporting summer grazing. Gravel terraces and shallow depressions near the creek support diverse wildflowers and herbaceous plants, attracting upland birds and pollinators. Located southeast of downtown Spearfish, the property offers access to amenities, dining, healthcare, and retail. Rapid City Regional Airport is approximately an hour's drive away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.767367
    Latitude
    44.453526

    Nearby Similar for Sale

    • $3,200,000
      63,000 SF

      Iconic Mixed-Use Building in Spearfish

      Mixed-use property with retail, office, and residential units in Spearfish.
      604 Main St, Spearfish, SD 57783
      View Details
    • New
      $900,000
      3,950 SF

      Spearfish Investment Property on Acreage

      Investment property with duplex, barn, and expansion potential on 1.62 acres.
      3225 Old Belle Rd, Spearfish, SD 57785
      View Details
    • $575,000
      3,782 SF

      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
      262 Upper Valley Rd, Spearfish, SD 57783
      View Details
    • $998,500
      2,400 SF

      Renovated Commercial Building with Spa

      Completely renovated commercial building with tenants in place.
      747 Ames Ave, Spearfish, SD 57783
      View Details
    • $999,999
      4,286 SF

      Renovated Office Plaza on Main

      Main Street office building with flexible suites and recent renovations.
      211 N Main St, Spearfish, SD 57783
      View Details
    • $425,000
      3,071 SF

      Spearfish Duplex with Updated Unit

      Up/down duplex in Spearfish, ideal for investment or multi-generational living.
      205 Upper Valley Rd, Spearfish, SD 57783
      View Details

    FAQs

    What type of property is this?
    Ranch - 91.55-acre ranch featuring meadows, timber, and creek near Spearfish.
    Where is this ranch located?
    The property is located at 5410 Lazy Horse Ln Spearfish, SD.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - 91.55 acres of diverse terrain: rolling meadows, timbered ridges, and rocky outcroppings.; - Conveniently located 5-6 miles from downtown Spearfish, SD, offering easy access to amenities, dining, healthcare, and retail.; - Seasonal Miller Creek meanders through the property, enhancing grasslands and supporting grazing.
    (605) 641-0574
    Request Owner's contact information
    5410 Lazy Horse Ln Spearfish, SD 57783
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5410 Lazy Horse Ln
    Spearfish, SD 57783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5410 Lazy Horse Ln Spearfish, SD 57783
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.