Listing Agency: Keller Williams Realty Black Hills

Listed By: Dan Logan · License #SD 20325 Show Phone

Source: Crexi

Added: Feb 7, 2023 Changed: Aug 27 Last Checked: Sep 3 at 1:34AM

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Investment Insights

Based on property information with market context.

This property borders the new Black Hills Industrial Center, where development is already underway. The Black Hills Industrial Center, located along the Heartland Express south of Catron Boulevard, is intended to house companies in the technology and value-added agriculture industries. It is projected to provide more than 2,000 professional, high-paying jobs. The property is ready for development and offers truck access. There is a possibility for additional acreage to the south, consisting of 14.83 acres.

Key Highlights

• Direct border to the new Black Hills Industrial Center.
• Development ready with great truck access.
• Investment opportunity in a major Rapid City expansion.

Property Analytics

Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

230

Businesses Nearby

Explore this area Business Placement

Demographics for 57701, SD

46,258

Population

20,526

Households

2.3

Avg Household Size

36

Median Age

28%

College-Educated

93%

High-School Grad

52.2 sq mi

ZIP Area

886

Density / Sq Mi

$52,733

Median Household Income

$34,971

Median Earnings

$892

Median Rent

$229,900

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

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Land bordering Black Hills Industrial Center, ready for development.

Where is this industrial land located?

The property is located at TBD Old Folsom Rd Rapid City, SD.

What is the asking price?

The asking price for this property is $410,000.

What are key features of this property?

This property features: Direct border to the new Black Hills Industrial Center.; Development ready with great truck access.; Investment opportunity in a major Rapid City expansion.