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    2355 Elk Vale Rd Rapid City, SD 57701

    Sponsored
    For Sale
    $387,336

    2.22 Acres, General Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.22-acre commercial land parcel presents a prime investment opportunity in Rapid City, South Dakota. Located at 2355 Elk Vale Rd, zip code 57701, this property boasts a highly desirable General Commercial zoning designation, opening doors to a wide array of development possibilities. The expansive lot size offers ample space for construction of various commercial ventures, taking advantage of its excellent visibility and convenient access. Situated near Exit 61, this location ensures high traffic volume and prominent exposure, maximizing potential for business success. The property's address is precisely 2355 Elk Vale Rd, within Pennington County. Its geographical coordinates are latitude 44.10837487738888 and longitude -103.15133829139513. The asking price for this strategically positioned land is $387,336. This represents a compelling investment in a thriving South Dakota market, offering significant potential for future growth and return. Don't miss this chance to acquire a highly visible and versatile commercial property in a rapidly developing area. The property is ready for immediate development, making it an attractive option for both seasoned investors and new entrepreneurs seeking a foothold in a dynamic commercial landscape. This is a rare opportunity to secure a substantial land parcel with excellent access and visibility in a prime location.

    Property Features for 2355 Elk Vale Rd

    General Information

    Property type
    Land
    Lot Size
    96,703 SF

    HighLights

    • 2.22‑acre commercial land parcel in Rapid City, SD.
    • Located at 2355 Elk Vale Rd, zip code 57701, Pennington County.
    • General Commercial zoning allows for diverse development.
    • High visibility and convenient access near Exit 61.
    • Asking price: $387,336.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Pharmacy Gym & Fitness Department Store Skin Care Clinic Food Market HVAC Service Electrical Service Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.1513382914
    Latitude
    44.108374877389

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    FAQs

    What type of property is this?
    Land - 2.22 Acres, General Commercial Zoning
    Where is this land located?
    The property is located at 2355 Elk Vale Rd Rapid City, SD.
    What is the asking price?
    The asking price for this property is $387,336.
    What are key features of this property?
    This property features: 2.22-acre commercial land parcel in Rapid City, SD.; Located at 2355 Elk Vale Rd, zip code 57701, Pennington County.; General Commercial zoning allows for diverse development.
    Request Owner's contact information
    2355 Elk Vale Rd Rapid City, SD 57701
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    Rapid City, SD 57701
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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
    2355 Elk Vale Rd Rapid City, SD 57701
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