Spearfish Residential Development
For Sale
$1,395,000
Green Spot Lane, Spearfish, SD 57783
LAND - Spearfish, SD
Property SizeContact for details
Lot Size15.88 Acres
Days on Market92
Property Features for Green Spot Lane
General Information
Property type
Land
Property subtype
Other
Subdivision
Top Shelf Development
Lot features
Prairie, Multi- Family Residential, City Limits, Prairie
Elementary school district
Spearfish
Middle school district
Spearfish
High school district
Spearfish
Directions
I90 to exit 8. South on McGuigan. Right on Suntory Ave...follow to the end of the street.
Standard status
Active
Lot size
15.88 Acres
Listing Agency:
Top Shelf Realty
(605) 269-1600
Listed By:
Spencer Rossi
(605) 269-1600
Added: May 23
Changed: Jul 29
Last Checked: Aug 22 at 2:06PM
MLS# 88839
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.
Investment Insights
Based on property information with market context.
This 15.88-acre residential development property, located in Spearfish, SD, presents an opportunity for immediate development or a long-term investment. Currently approved for a 44-lot single-family residential development, the property is particularly suited for a contractor with infrastructure installation capabilities. The seller can also recommend a general contractor familiar with the project. The existing plan is ready for infrastructure construction, with completed engineering, an approved Preliminary Plat from City Council, and initial construction documents prepared for City review. All ingress and egress access for the development density, along with a traffic study and turn lanes, are in place. Essential utilities, including three-phase power, gas, water, and sewer, have already been brought to the parcel. Significant storm drain capacity eliminates the need for detention ponds. The terrain is conducive to easy construction. While the current approval is for single-family homes, the multi-family zoning allows for a mix of townhomes and single-family residences. Apartments are not an option. With few lots remaining in the original 91 single-family lot Top Shelf Development, this parcel completes the area. The seller is willing to assist potential buyers with City processes and procedures and offers a due diligence period to facilitate the buyer's development vision.
Key Highlights
- Approved for 44 Single‑Family Residential Lots: Ready for immediate infrastructure construction.
- Infrastructure Ready: Benefit from three‑phase power, gas, water, and sewer already on‑site.
- Significant Storm Drain Capacity: Eliminates the need for detention ponds.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 57783, SD
16,165
Population
8,347
Households
1.9
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
213.2 sq mi
ZIP Area
76
Density / Sq Mi
$64,970
Median Household Income
$35,014
Median Earnings
$946
Median Rent
$332,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Approved residential development property ready for construction in Spearfish, SD.
Where is this land located?
The property is located at Green Spot Lane Spearfish, SD.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Approved for 44 Single‑Family Residential Lots: Ready for immediate infrastructure construction.; Infrastructure Ready: Benefit from three‑phase power, gas, water, and sewer already on‑site.; Significant Storm Drain Capacity: Eliminates the need for detention ponds.
