
Commercial Land for Sale in Rapid City, South Dakota
Elk Vale Rd, Rapid City, SD 57703
LOCATION! LOCATION! LOCATION! 4 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale and Concourse (also on Jubilee), next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent a half a million dollars on different studies, surveys, etc. in the past for a 540-unit, high-end apartment complex under the name of Quail Ridge. It was approved for two TIFs - one from the city and one from the county. City water & sewer on sites. Multiple access points mean plenty of layout options. The corner of the lot on the southeast side of the junction of Concourse and Elk Vale would make a great gas station lot. Thriving commercial opportunity, buzzing with opportunity of what could be! Listed at 5.61/SF. Seller is willing to come alongside a qualified buyer with good capital as a partner or as the banker holding a contract for deed. Come take a look!
Location
- Street address
- Elk Vale Rd
- County
- Pennington County
- Community
- Rapid Valley
- Elevation
- 3,173 feet
Directions
Start on the corner of Elk Vale & Concourse Drive. See maps in associated docs - 4 lots some bordering Elk Vale and some bordering Concourse Dr, Jubilee Lane, Jolly Lane & Lancer Dr.
Property details
- Acreage
- 24.95 acres
- MLS #
- MTRAOR 86621
- Posted
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 6, 2025 | New listing | $6,100,000 | — | MTRAOR |

























