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    OFF-MARKET
    Land

    9.95 acres Mall Dr, Rapid City, SD 57701

    9.95 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 9.95 ac (433,422 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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