Rapid City, SD 57701
This exceptional 12.3-acre commercial land parcel presents a remarkable investment opportunity in Rapid City, South Dakota. Located at 0 E Mall Dr, this property boasts a highly desirable location with frontage exposure on East Mall Drive, ensuring excellent visibility for any commercial development. The lot is zoned for General Commercial use, offering a wide range of potential development options. The land itself is described as an interior lot, featuring both level and sloping topography, suitable for a variety of building designs. Utilities are readily available, including city water and sewer at the site, natural gas service to the lot, and electricity provided by WREA Company. Access is via a blacktop public road. The property is classified as a building site and is flat in areas. The seller is willing to divide the parcel, providing flexibility for potential buyers. This prime location, coupled with its readily available utilities and zoning, makes this a truly exceptional opportunity for commercial development in a thriving South Dakota market. The asking price for this 12.3-acre tract is $3,216,558. Located in Pennington County, Rapid City, SD, zip code 57701.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.