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    E Colorado Blvd Spearfish, SD 57783

    For Sale
    $2,080,000

    CI Land - Spearfish, SD

    Lot size:
    40.00 Acres
    Days on Market:
    220
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for E Colorado Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    40.00 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Kerry Engelmann (605) 641-0574

    Listing date May 8, 2025

    MLS# 84295 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

    Prime Development Land, Spearfish, SD

    This 40-acre parcel presents a development opportunity in Spearfish, South Dakota. The property is located at the intersection of East Colorado Boulevard and South Rainbow Road, between the City of Spearfish and the Sky Ridge neighborhood and Sports Complex at Exit 17 off Interstate 90. The location provides access to regional and national markets via I-90, making it suitable for commercial and multi-use developments. The land benefits from frontage on both East Colorado Boulevard and South Rainbow Road, ensuring visibility for future development. Positioned within a growth corridor near the Sky Ridge neighborhood and the Sportsplex, the site is near the Sky Ridge residential development, providing a customer base for commercial ventures. The East Colorado Boulevard corridor is recognized by the City of Spearfish as a prime area for commercial and multi-use, and infrastructure is either in place or planned to support development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.854334
    Latitude
    44.483038

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    FAQs

    What type of property is this?
    Land - 40 acre commercial land parcel in high-growth Spearfish corridor.
    Where is this land located?
    The property is located at E Colorado Blvd Spearfish, SD.
    What is the asking price?
    The asking price for this property is $2,080,000.
    What are key features of this property?
    This property features: - Prime development opportunity in Spearfish, South Dakota.; - High-visibility location at the intersection of East Colorado Boulevard and South Rainbow Road.; - Strategic position between Spearfish and the Sky Ridge neighborhood/Sports Complex near I-90 Exit 17.
    (605) 641-0574
    Request Owner's contact information
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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

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    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
    E Colorado Blvd Spearfish, SD 57783
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