0 Elk Vale Rd Rapid City, SD 57701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.