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Mining-Inspired Land Development Site
For Sale
$674,900

1201A Old Hill City Road, Keystone, SD 57751

LAND - Keystone, SD

Property SizeContact for details
Lot Size22.83 Acres
Days on Market97

Property Features for 1201A Old Hill City Road

General Information

Property type Land
Property subtype Other
Subdivision Echo Valley
Lot features Part Wooded, Platted, City Limits, Scattered Timber, Wooded Lot, Borders National Forest, View Lot
Elementary school district Keystone
Middle school district Keystone
High school district Keystone
Directions Driveway at 903 Old Hill City Rd. Drive in past the Antique Shop and up to property.
Standard status Active
Lot size 22.83 Acres
Listing Agency: Lewis Realty
Listed By: Faith Lewis · License #1045
Added: May 7 Changed: Jun 10 Last Checked: Aug 11 at 3:06PM
MLS# 88589

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 22.83-acre land parcel is characterized by historic Black Hills-era mining remnants, including old mining tailings and related features. The property also includes some existing infrastructure, described as old mining roads and a “Pacer Plate” mine reference from the 1940s. A recent survey has been completed, with corners clearly marked, giving a defined basis for planning and development. The land is described as rugged and dotted with long-range views.

The site is located inside Keystone’s city limits in Pennington County, South Dakota. The property is bordered by USFS on two sides, which may support a greater sense of separation from neighboring development. The seller’s remarks also describe the location as being within reach of major Black Hills destinations such as Mount Rushmore, Custer State Park, and local access routes including Iron Mountain Road.

For buyers seeking a development-minded land holding, this property’s surveyed boundaries, existing mine-road infrastructure, and historic-mining character may be useful for a range of uses, including destination lodging concepts or other private retreat-style development. Interested parties should review the site conditions and any applicable feasibility considerations for the intended use, particularly given the noted presence of historic tailings and remnants.

Key Highlights

  • 22.83‑acre property inside Keystone city limits
  • Historically tied to mining with old mining tailings and remnants on site
  • Includes existing infrastructure such as old mining roads and the Pacer Plate mine from the 1940s

Property Analytics

Current Use

Mining land & claims

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Travel Agency Restaurant Real Estate Agency Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

137
Businesses Nearby

Demographics for 57751, SD

717
Population
450
Households
1.6
Avg Household Size
55
Median Age
44%
College-Educated
95%
High-School Grad
44.2 sq mi
ZIP Area
16
Density / Sq Mi
$100,714
Median Household Income
$38,654
Median Earnings
$660
Median Rent
$388,300
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Mining land & claim - 22.83-acre property within Keystone city limits with historic mining remnants, old mine roads, and USFS-adjacent privacy on two sides.
Where is this mining land & claim located?
The property is located at 1201A Old Hill City Road Keystone, SD.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 22.83‑acre property inside Keystone city limits; Historically tied to mining with old mining tailings and remnants on site; Includes existing infrastructure such as old mining roads and the Pacer Plate mine from the 1940s
More about this property
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