Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1424 Luna Ave Rapid City, SD 57701

    Sponsored
    For Sale
    $799,000

    3.5-Acre Commercial Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.5-acre commercial land parcel presents a remarkable investment opportunity in Rapid City, South Dakota. Located at 1424 Luna Ave, this property boasts a General Commercial zoning designation, providing flexibility for a wide range of commercial ventures. Its strategic location offers unparalleled visibility and accessibility, situated directly behind Sam's Club and between Staybridge Suites and Pizza Ranch. The property benefits from its proximity to the nearly fully occupied Rushmore Crossing shopping complex, ensuring high foot traffic and strong consumer presence. The development of a new retail strip center adjacent to the property further enhances its potential, promising increased business activity and a thriving commercial environment. This prime location is ideal for retail establishments, office spaces, or lodging facilities, capitalizing on the existing vibrant retail, hospitality, and restaurant district. The asking price for this exceptional property is $799,000. With its size, zoning, and strategic location, this 3.5-acre lot in Pennington County (zip code 57701) represents a compelling investment opportunity for discerning buyers seeking to establish a presence in a rapidly growing commercial area. The property's coordinates are 44.0983794 latitude and -103.1958406 longitude.

    Property Features for 1424 Luna Ave

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • 3.5‑acre commercial land parcel in Rapid City, SD.
    • Located at 1424 Luna Ave, with General Commercial zoning.
    • High visibility and accessibility, adjacent to Sam's Club, Staybridge Suites, and Pizza Ranch, near Rushmore Crossing.
    • Prime location for retail, office, or lodging; near a new retail strip center.
    • Asking price: $799,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -103.1958406
    Latitude
    44.0983794

    Nearby Similar for Sale

    • $1,625,000

      Rapid City Multifamily Investment Opportunity

      Well-maintained 12-unit complex in growing Rapid City, South Dakota.
      123 E Nowlin St, Rapid City, SD 57701
      View Details
    • $289,900
      2,512 SF

      Rapid City Duplex with Updates

      Updated duplex in north Rapid City with separate entrances and yards.
      401 College Ave, Rapid City, SD 57701
      View Details
    • New
      $1,350,000
      19,988 SF

      Turn-Key Self-Storage Investment Opportunity

      Well-maintained self-storage facility with high visibility and modern amenities.
      4101 Biernbaum Ln, Rapid City, SD 57701
      View Details
    • $1,250,000
      11,600 SF

      Rapid City Commercial Property For Sale

      Versatile 11,600 SF commercial property with office and industrial space.
      1202 E St. Francis St, Rapid City, SD 57701
      View Details
    • $1,250,000
      11,600 SF

      Versatile Commercial Property in Central Location

      11,600 SF building with office and industrial space.
      1202 E St. Francis St, Rapid City, SD 57701
      View Details
    • $825,000

      Rapid City Multifamily Investment Opportunity

      Well-maintained six-unit complex in growing Rapid City.
      201 E Nowlin St, Rapid City, SD 57701
      View Details
    • $1,185,000
      5,992 SF

      Rapid City Office Building For Sale

      Highly visible office building with flexible use options available.
      330 Knollwood Dr, Rapid City, SD 57701
      View Details
    • $1,495,000
      11,843 SF

      Rapid City Office Building Investment

      Well-located office building with suites, investment or owner-occupancy opportunity.
      2620 Jackson Blvd, Rapid City, SD 57702
      View Details
    • $1,575,000
      13,568 SF

      Rapid City Industrial Warehouse Available

      13,568 SF industrial warehouse with office and storage.
      940 Kennel Dr, Rapid City, SD 57703
      View Details
    • $450,000
      1,920 SF

      Rapid City Commercial Corner Property

      Commercial property with showroom, garage, and highway frontage.
      1585 Valley Dr, Rapid City, SD 57703
      View Details
    • Contact for pricing
      1,028 SF

      Retail/Office Space in Rapid City

      High-visibility retail or office space in Rapid City, South Dakota.
      1804 Cambell St, Rapid City, SD 57701
      View Details
    • $700,000
      4,460 SF

      West Rapid City Custom Home

      Custom home with optional secondary living space on large lot.
      3410 Carmen Ct, Rapid City, SD 57702
      View Details

    FAQs

    What type of property is this?
    Land - 3.5-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at 1424 Luna Ave Rapid City, SD.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 3.5-acre commercial land parcel in Rapid City, SD.; Located at 1424 Luna Ave, with General Commercial zoning.; High visibility and accessibility, adjacent to Sam's Club, Staybridge Suites, and Pizza Ranch, near Rushmore Crossing.
    (605) 939-4489
    Request Owner's contact information
    1424 Luna Ave Rapid City, SD 57701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1424 Luna Ave
    Rapid City, SD 57701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1424 Luna Ave Rapid City, SD 57701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.