9.95 acres Mall Dr, Rapid City, SD 57701
This exceptional 9.95-acre commercial land parcel presents a remarkable investment opportunity in Rapid City, South Dakota. Located on East Mall Drive with direct I-90 frontage (between exits 61 and 60), this property boasts a prime location within a rapidly developing area. The permitted zoning is GC, allowing for a wide range of commercial uses. All city utilities are available. The property's strategic positioning benefits from its proximity to major retailers including Rapid Chevrolet, McKie Ford, Granite Nissan/GMC, Rapid Toyota, and Rushmore Honda. Furthermore, the area is experiencing significant growth with the addition of new hotels and a recently constructed emergency room hospital at the corner of Dyess Avenue. The Ellsworth Air Force Base (EAFB) is conveniently located just 3 miles to the east, further enhanced by the upcoming arrival of the B-21 Raider. This lot shares access with the adjacent western lot via East Mall Drive. The asking price is $1,842,000, translating to a land value of $4.25 per square foot. The property is owned by an LLC. This is an unparalleled chance to establish or expand a business in a thriving South Dakota market. Don't miss this exceptional opportunity.
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.
Costs & Benchmarks
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.