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    S Colorado Blvd Spearfish, SD 57783

    For Sale
    $1,250,000

    Farm & Ranch - Spearfish, SD

    Type:Farm
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for S Colorado Blvd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Exterior features
    Fenced Perimeter, Equipment Building, Metal Building, Shed, Shop, Trees
    Fencing
    Fenced, Perimeter

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Packing Shed, Shed(s)

    Great Peaks Realty Munro & Gran LLC (605) 209-2052 [email protected]

    Listing agent Casey Raftevold (605) 717-7325

    Listing date Sep 25, 2025

    MLS# 85628 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

    Spearfish Land Development Opportunity

    This 36.83-acre property on Colorado Blvd. in Spearfish, South Dakota, presents an investment opportunity. Situated between the City of Spearfish and the Spearfish Sports Complex at Exit 17, the expansive parcel is suitable for commercial, industrial, or residential development. The property, located just south of Spearfish Airport at the intersection of Colorado Blvd and Rainbow Rd., has electricity, city water, fiber optic cable and phone lines. The property has access to major transportation routes. Given Spearfish's growth, this property is an opportunity to secure land in a sought-after location. This property is suitable to expand a business, develop a residential neighborhood, or invest in the future of Spearfish.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.77202236975
    Latitude
    44.472871841401

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    FAQs

    What type of property is this?
    Commercial land - 36.83-acre property ideal for commercial, industrial, or residential development.
    Where is this commercial land located?
    The property is located at S Colorado Blvd Spearfish, SD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - 36.83-acre property with HIGH VISIBILITY on Colorado Blvd, Spearfish, SD.; - Prime location between Spearfish and the Spearfish Sports Complex (Exit 17).; - Utilities available: electricity, city water, fiber optic cable, and phone lines.
    (605) 717-7325
    Request Owner's contact information
    S Colorado Blvd 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
    S Colorado Blvd Spearfish, SD 57783
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