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    9.948 Acres Mall Dr Rapid City, SD 57701

    Sponsored
    For Sale
    $1,842,000

    Prime 9.9-acre lot, interstate access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.948-acre commercial lot in Rapid City, South Dakota, presents a unique investment opportunity. Located on E Mall Dr, near I-90 exits 60 and 61, this recently platted land boasts high visibility due to its interstate frontage. The property is zoned GC and offers two shared access points off E Mall Drive, ensuring convenient access for businesses and customers. All city utilities are available. This rapidly developing area is experiencing significant growth, with several established retailers nearby, including major automotive dealerships such as Rapid Chevrolet, McKie Ford, Granite Nissan/GMC, Rapid Toyota, and Rushmore Honda. The proximity to a new emergency hospital under construction and the Ellsworth Air Force Base (EAFB), just three miles east, further enhances the property's value and potential. The upcoming B-21 Raider program at EAFB promises continued economic growth in the region. This lot represents a rare chance to secure a large, well-located parcel with excellent visibility and access in a thriving market. The asking price is $1,842,000, with a land value of $4.25 per square foot. The property is owned by an LLC and is suitable for a variety of commercial uses.

    Property Features for 9.948 Acres Mall Dr

    General Information

    Property type
    Land
    Lot Size
    433,335 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.17083882859
    Latitude
    44.102574076142

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    FAQs

    What type of property is this?
    Land - Prime 9.9-acre lot, interstate access.
    Where is this land located?
    The property is located at 9.948 Acres Mall Dr Rapid City, SD.
    What is the asking price?
    The asking price for this property is $1,842,000.
    (605) 343-8800
    Request Owner's contact information
    9.948 Acres Mall Dr 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
    9.948 Acres Mall Dr Rapid City, SD 57701
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