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Spearfish Multifamily Development Opportunity
For Sale
$339,000

S 27th Street lot 12 & 13, Spearfish, SD 57783

LAND, Spearfish, SD

Property SizeContact for details
Lot Size0.57 Acres
Days on Market870

Property Features for S 27th Street lot 12 & 13

General Information

Property type Land
Property subtype Other
Subdivision Rolling Hills
Lot features Corner Lot, View Lot
Elementary school district Spearfish
Middle school district Spearfish
High school district Spearfish
Directions On East Colorado Blvd to S 27th St., on your right
Standard status Active
Lot size 0.57 Acres
Listing Agency: Great Peaks Realty
Listed By: Heath Gran
Added: Jun 7, 2024 Changed: Aug 21 Last Checked: Oct 24 at 4:06PM
MLS# 80534

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This property features a half-acre corner lot located minutes from downtown Spearfish and a short drive from Walmart. Zoned R3, the lots are suitable for a multifamily development.

Key Highlights

  • Half acre corner lot provides ample space and potential.
  • Zoned R3, ideal for multifamily development.
  • Conveniently located minutes from downtown Spearfish.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Bakery Hair Salon Carpet & Flooring Store Veterinary Clinic Plumbing Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Half-acre corner lot zoned R3, ideal for multifamily development.
Where is this residential land & home lot located?
The property is located at S 27th Street lot 12 & 13 Spearfish, SD.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Half acre corner lot provides ample space and potential.; Zoned R3, ideal for multifamily development.; Conveniently located minutes from downtown Spearfish.
More about this property
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