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    621 E Mall Dr Rapid City, SD 57702

    Sponsored
    Picture of Commercial land at E Mall Dr 621, Rapid City, SD
    For Sale
    $1,995,000

    CI Land - Rapid City, SD

    Lot size:
    7.23 Acres
    Days on Market:
    686
    Last Refresh:
    Jan 7 at 6:06 pm

    Property Features for 621 E Mall Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    7.23 Acres

    Building Details

    Architectural style
    Other

    Keller Williams Realty Black Hills (605) 343-7500 [email protected]

    Listing agent Christopher Long (605) 343-7500

    Listing date Feb 22, 2024

    MLS# 79162 Listing URL

    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.

    Overview

    Rapid City Commercial Land Parcel

    This 7.23-acre general commercial lot is located just off I-90 in Rapid City, SD. The parcel benefits from its location in a corridor with significant retail, hospitality, and restaurant businesses. It is situated in close proximity to regional shopping centers such as Rushmore Crossing and The Rushmore Mall, as well as other major retailers. The lot has existing infrastructure from previous development, including water, sewer, electric, and gas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -103.200305
    Latitude
    44.107449

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    FAQs

    What type of property is this?
    Commercial land - 7.23 acre commercial lot in high-traffic retail area.
    Where is this commercial land located?
    The property is located at 621 E Mall Dr Rapid City, SD.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic retail, hospitality, and restaurant corridor, just off I-90.; - Existing infrastructure in place: water, sewer, electric, and gas.; - Close proximity to major regional shopping centers (Rushmore Crossing and The Rushmore Mall).
    (605) 343-7500
    Request Owner's contact information
    621 E Mall Dr Rapid City, SD 57702
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    Rapid City, SD 57702
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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
    621 E Mall Dr Rapid City, SD 57702
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