Rapid City, SD Residential Land & Home Lots for Sale

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Box Elder, SD Summerset, SD Black Hawk, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD

75 properties

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Updated: Jul 10

Gated Custom Home Building Lot

Lot 17 C W Minnesota Street, Rapid City, SD 57701

$600,000

5.70 AC lot

5.70‑acre lot in The Summit Collection at Scotland Hills with gated access
Bring your own builder or build with Wood Builders (builder incentives may apply)
Utilities at lot line: city water, power, natural gas, fiber, and asphalt road access
Septic system required
Lot is at the end of a quiet street and offers sweeping views of Rapid City

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Updated: Jul 14

Gated Residential Development Lot

Lot17 A W Minnesota Street, Rapid City, SD 57701

$900,000

10.85 AC lot

10.85‑acre lot in The Summit Collection at Scotland Hills, a gated community where you can build a custom home
House site is currently in process of completion, with space for a shop, workshop, or outbuildings
City water, power, natural gas, fiber, and asphalt road access are already in place at the lot line
Septic system required
Lot is pending final plat approval; size and layout may be subject to change

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Custom Home Lot in Gated Community

Lot 17 D W Minnesota Street, Rapid City, SD 57701

$1,200,000

19.28 AC lot

Gated homebuilding lot with utilities and asphalt road access at the lot line, pending final plat approval.

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Office-Commercial Zoned Development Land

Lot 1, Block 3, Marlin Dr, Rapid City, SD 57703

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3.32 AC lot

3.32-acre parcel zoned for office or medium-density residential, accessed via a lighted intersection at E Minnesota and Elk Vale.

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Residential Land with No Covenants

Cosmos Road, Rapid City, SD 57702

$249,000

6.66 AC lot

6.66-acre residential lot with multiple potential building sites and direct access to adjacent U.S. Forest Service land.

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Land with Panoramic Black Hills Views

4022 Linden Ln, Rapid City, SD 57702

$325,000

1.93 AC lot

Rare land opportunity with flexible residential zoning and stunning views.

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East-Facing Residential Build Lot

TBD Lot 15 Villaggio Lane, Rapid City, SD 57702

$169,900

0.46 AC lot

Gently sloping east-facing lot with mature trees and natural rock formations in Villaggio at Golden Eagle.

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Approved Residential Development Land

5930 Overview Ln, Rapid City, SD 57702

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14.85 AC lot

14.85-acre residential development site with city approval for 40 lots, offering extensive Black Hills views.

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Custom Home Lot in Residential Subdivision

5533 Cloud Peak Drive, Rapid City, SD 57702

$220,000

0.55 AC lot

Build-ready lot in Highpointe Ranch North with utilities available at the lot line.

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Land Parcel with Interstate Exposure

Harmony Heights Lane, Rapid City, SD 57702

$600,000

7.47 AC lot

7.47-acre parcel opposite Harmony Heights Apartments, positioned for potential medium- to high-density residential development.

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Residential Home Lot for Sale

Lot 11 Overview Ln, Rapid City, SD 57702

$225,000

For-sale residential land parcel, offered as Lot 11 Overview Ln, suited for building a custom home.

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Executive Lot in Highpointe Ranch North

5609 Cloud Peak Drive, Rapid City, SD 57702

$270,000

0.87 AC lot

Buildable residential lot in Highpointe Ranch North with essential utilities available at the lot line.

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Residential Lots in Copperfield Vista

3129 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Residential Building Lot

Lot 18 Overview Ln, Rapid City, SD 57702

$230,000

For sale residential lot in Rapid City, SD, offering a straightforward setting to build your next home.

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Residential Lots in Copperfield Vista

3124 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Residential Lot in Copperfield Vista

3203 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in Rapid City's growing Copperfield Vista.

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Residential Home Lot

Lot 20 Overview Ln, Rapid City, SD 57702

$220,000

For sale residential home lot in Rapid City, SD, suited for building a new single-family residence.

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Residential Lot in Rapid City

3116 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in a growing Rapid City subdivision.

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Residential Land Lot

Lot 23 Overview Ln, Rapid City, SD 57702

$212,000

For sale residential land lot in Rapid City, SD, suitable for building a home on your own timeline.

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Residential Lots in Copperfield Vista

3132 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City subdivision.

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Residential Lot for Sale

Lot 10 Overview Ln, Rapid City, SD 57702

$212,000

Residential lot offered for sale at Lot 10 Overview Ln in Rapid City, SD 57702.

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Residential Lots in Copperfield Vista

3204 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium lots in Copperfield Vista subdivision, Rapid City, South Dakota.

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Rapid City Hilltop Development Opportunity

Hanover Dr, Rapid City, SD

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17.23 AC lot

17.23 acres for residential development with panoramic views.

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Residential Lots in Copperfield Vista

3218 Fran Way, Rapid City, SD 57703

$87,150

0.29 AC lot

Premium residential lots in a growing Rapid City location.

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Rapid City, SD Residential Land & Home Lots Market Trends and Statistics

Explore 75 residential land & home lots for sale in Rapid City, SD, showcased through 75 active listings on our real estate platform. These investment opportunities span a total of 10,155,143 square feet of properties for sale, with an estimated market value of $16,081,100.

Sale prices for home sites in Rapid City, SD start at $39,500, averaging $240,016, and reaching up to $1,470,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 99K

Population Growth (5Y) +3.2%

Median Household Income $70,356

College Educated 33.1%

High-Yield Neighborhoods for Investment

Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Rapid City	$253.2K
Box Elder	$560.5K

Taxes & Financing

Tax Rate (average for all types) 1.36%

Property Tax per SF $31.57 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pennington County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Rapid City fall within the 1 to 5 acres range.

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