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    1St Ave Spearfish, SD 57783

    Sponsored
    For Sale
    $3,500,000

    High-visibility I-90 Exit 14 site.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 12.73-acre commercial development property enjoys a prime location in Spearfish, South Dakota, boasting unparalleled visibility from Interstate 90 and convenient access via Exit 14. The property's strategic position is further enhanced by its adjacency to major retailers: Walmart to the west and Les Schwab Tire Center (currently under construction) to the north. The south end of the property borders the I-90 right-of-way. This high-traffic area is zoned for highway service commercial use and comprises a mix of retail, commercial, and industrial properties, ensuring a consistent flow of vehicular traffic. All essential city services, including electricity and natural gas, are readily available. The area has experienced significant recent growth, making this a rare opportunity for investors. The property's size offers flexibility

    Property Features for 1St Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    554,519 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.8143
    Latitude
    44.48049

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility I-90 Exit 14 site.
    Where is this commercial real estate located?
    The property is located at 1St Ave Spearfish, SD.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (605) 723-5008
    Request Owner's contact information
    1St Ave 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

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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
    1St Ave Spearfish, SD 57783
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