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    Rapid City, SD 57701

    Sponsored
    For Sale
    $3,216,558

    Prime 12.3-acre commercial lot in Rapid City, SD.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12.3-acre commercial land parcel presents a remarkable investment opportunity in Rapid City, South Dakota. Located at 0 E Mall Dr, this property boasts a highly desirable location with frontage exposure on East Mall Drive, ensuring excellent visibility for any commercial development. The lot is zoned for General Commercial use, offering a wide range of potential development options. The land itself is described as an interior lot, featuring both level and sloping topography, suitable for a variety of building designs. Utilities are readily available, including city water and sewer at the site, natural gas service to the lot, and electricity provided by WREA Company. Access is via a blacktop public road. The property is classified as a building site and is flat in areas. The seller is willing to divide the parcel, providing flexibility for potential buyers. This prime location, coupled with its readily available utilities and zoning, makes this a truly exceptional opportunity for commercial development in a thriving South Dakota market. The asking price for this 12.3-acre tract is $3,216,558. Located in Pennington County, Rapid City, SD, zip code 57701.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    535,788 SF

    HighLights

    • Buildable flat interior lot.
    • Public access via blacktop road.
    • Electricity provided by WREA.
    • City water available on‑site.
    • Divisible lot.
    • Interior lot with frontage exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.16291143856
    Latitude
    44.10113215514

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    FAQs

    What type of property is this?
    Land - Prime 12.3-acre commercial lot in Rapid City, SD.
    Where is this land located?
    The property is located at Rapid City, SD.
    What is the asking price?
    The asking price for this property is $3,216,558.
    What are key features of this property?
    This property features: Buildable flat interior lot.; Public access via blacktop road.; Electricity provided by WREA.
    Request Owner's contact information
    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
    Rapid City, SD 57701
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