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    2281 Colorado Blvd Spearfish, SD 57783

    Sponsored
    For Sale
    $2,300,000

    Prime Spearfish location, high-quality construction.

    Property size:
    5,932 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional commercial property, located at 2281 E Colorado Boulevard in Spearfish, South Dakota, presents a unique investment opportunity. The building boasts 5,932 square feet of well-maintained space situated on a generous 1.06-acre lot. Its prime location within Spearfish offers excellent visibility and accessibility, benefiting from the city's business-friendly environment and strong potential for growth. The property is priced significantly below replacement cost, representing a compelling value proposition for discerning investors. The building's high-quality construction ensures durability and longevity, minimizing future maintenance expenses. This makes it an ideal investment for a variety of commercial uses, providing ample space for expansion and adaptation to suit diverse business needs. The substantial lot size offers additional potential for future development or expansion of existing operations. Spearfish's reputation as a thriving community with a supportive business climate further enhances the property's long-term prospects. This is a rare opportunity to acquire a well-located, high-quality commercial property in a dynamic and growing market at a highly competitive price. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property is ready for immediate occupancy and presents a strong return on investment.

    Property Features for 2281 Colorado Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,932 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.8217
    Latitude
    44.47601

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Spearfish location, high-quality construction.
    Where is this commercial real estate located?
    The property is located at 2281 Colorado Blvd Spearfish, SD.
    What is the asking price?
    The asking price for this property is $2,300,000.
    (605) 645-4917
    Request Owner's contact information
    2281 Colorado Blvd Spearfish, SD 57783
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    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
    2281 Colorado Blvd Spearfish, SD 57783
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