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    Elk Vale Rd Rapid City, SD 57701

    For Sale
    $425,000

    2.78 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.78-acre commercial lot presents a remarkable investment opportunity in Rapid City, South Dakota. Situated on the high-visibility corner of Elk Vale Road and E Anamosa Street, this property boasts a prime location with exceptional exposure to high traffic volume. A 2022 traffic count reveals 21,726 vehicles passing daily, ensuring significant visibility for any business. The property is zoned for General Commercial use, making it suitable for a wide range of developments, including office buildings, retail spaces, gas stations, or speculative buyers looking to capitalize on future growth. Further enhancing its value is the planned extension of E Anamosa Street, connecting E North Street to Elk Vale Road. This improvement will transform E Anamosa Street into a major thoroughfare, directly linking the retail core of Rapid City to Rapid Valley, significantly increasing property value and accessibility. Complete easement documentation is available. The asking price for this strategically located and highly visible property is $425,000. Don't miss this chance to secure a prominent position in a rapidly developing area. Located in Pennington County, South Dakota, with a Rapid City zip code of 57701, this property offers unparalleled potential for commercial success.

    Property Features for 0 Elk Vale Rd

    General Information

    Property type
    Land
    Lot Size
    121,097 SF

    HighLights

    • High‑visibility corner lot at Elk Vale Road and E Anamosa Street.
    • 21,726 vehicles per day (2022 traffic count).
    • E Anamosa Street extension will connect E North St to Elk Vale Rd, creating a major thoroughfare from Rapid City's retail core to Rapid Valley.
    • Excellent for office, retail, gas station, or speculative investment opportunities in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.15247175698
    Latitude
    44.08119119994

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    FAQs

    What type of property is this?
    Land - 2.78 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Elk Vale Rd Rapid City, SD.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Elk Vale Road and E Anamosa Street.; 21,726 vehicles per day (2022 traffic count).; E Anamosa Street extension will connect E North St to Elk Vale Rd, creating a major thoroughfare from Rapid City's retail core to Rapid Valley.
    (605) 939-4489
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    Elk Vale Rd Rapid City, SD 57701
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    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
    Elk Vale Rd Rapid City, SD 57701
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