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    Mall Dr Rapid City, SD 57701

    Sponsored
    For Sale
    $1,808,611

    High-exposure commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.19-acre commercial land parcel presents a prime development opportunity in Rapid City, South Dakota. Located on East Mall Drive, the property boasts significant frontage (728 ft) and depth (almost 300 ft), ensuring high visibility and accessibility. The zoning is General Commercial, allowing for a wide range of uses. Access is available from both East Mall Drive and Taggert Road, providing convenient ingress and egress. The area is experiencing substantial growth, with two new industrial parks recently developed to the east along East Mall Drive. This positive trend suggests strong potential for future motel, retail, and light industrial development within the next five years. The property's strategic location and ample size make it an attractive investment for developers seeking to capitalize on Rapid City's expanding commercial sector. Note that a 12-acre parcel directly west of this property, also fronting East Mall Drive and accessible from Taggart Road and Dakota Craft Drive, is also available. The property is situated in Pennington County, South Dakota, with the address listed as TBD E Mall Dr, Rapid City, SD 57701. The asking price for this exceptional opportunity is $1,808,611.

    Property Features for 0 Mall Dr

    General Information

    Property type
    Land
    Lot Size
    226,076 SF

    HighLights

    • $1,808,611 asking price.
    • 5.19‑acre commercial land parcel.
    • General Commercial zoning.
    • Located at TBD E Mall Dr, Rapid City, SD 57701.
    • High‑exposure location with significant frontage on East Mall Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.1672335
    Latitude
    44.1026013

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    FAQs

    What type of property is this?
    Land - High-exposure commercial lot, ideal for development.
    Where is this land located?
    The property is located at Mall Dr Rapid City, SD.
    What is the asking price?
    The asking price for this property is $1,808,611.
    What are key features of this property?
    This property features: $1,808,611 asking price.; 5.19-acre commercial land parcel.; General Commercial zoning.
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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
    Mall Dr Rapid City, SD 57701
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