Commercial Land with Multiple Access
ELK VALE RD, Rapid City, SD 57703
For Sale
$4,400,000
COMMERCIAL, Rapid City, SD
Property Size794,970 SF
Lot Size18.25 Acres
Price / SF$5.53
Days on Market13
Property Features for ELK VALE RD
General Information
Property type
Property subtype
Lot features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Building Details
Number of units
Listing Agency:
Lewis Realty
(605) 673-5885
Listed By:
Faith Lewis · License #1045
(605) 863-0725
Added: Oct 27
Changed: Nov 2
Last Checked: Nov 8 at 2:06AM
MLS# 181720
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.
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Investment Insights
Based on property information with market context.
The property comprises 18.25 acres across two commercial lots being offered together. Multiple access points provide flexibility for site layout. A prior concept called for a 540-unit apartment complex, and the seller completed studies and surveys for that proposal; it is not described as an approved project.
The land is just off Hwy 44, at the Elk Vale and Jubilee and Jolly and Twilight corners, next to the Safeway lot. Closing is contingent on platting and TIF approval to bring utilities to the site.
The land is just off Hwy 44, at the Elk Vale and Jubilee and Jolly and Twilight corners, next to the Safeway lot. Closing is contingent on platting and TIF approval to bring utilities to the site.
Key Highlights
- 18.25 acres of commercial land
- Two lots offered together as one property
- Multiple access points
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 57703, SD
16,933
Population
7,476
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
92%
High-School Grad
129.8 sq mi
ZIP Area
130
Density / Sq Mi
$84,495
Median Household Income
$41,342
Median Earnings
$1,394
Median Rent
$250,300
Median Home Value
Market
Properties on Market for Commercial land in Rapid City
Frequently Asked Questions
What type of property is this?
Commercial land - Multiple access points support flexible site layout; utility installation is contingent on platting and TIF approval.
Where is this commercial 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 $4,400,000.
What are key features of this property?
This property features: 18.25 acres of commercial land; Two lots offered together as one property; Multiple access points
