
Commercial Land for Sale in Rapid City, South Dakota
Elk Vale Rd, Rapid City, SD 57703
LOCATION! LOCATION! LOCATION! 2 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale & Jubilee and Jolly & Twilight, next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent nearly 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. There was a TIF application that was accepted at the city level and, per the facts of the matter, there were communications about a TIF with the county. Multiple access points mean plenty of layout options. Thriving commercial opportunity, buzzing with opportunity of what could be! 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! Property closing will need to be contingent on Platting and approval of TIF to get utilities on site.
Location
- Street address
- Elk Vale Rd
- County
- Pennington County
- Zip code
- 57703
- Community
- Rapid Valley
- Elevation
- 3,138 feet
Property details
- Acreage
- 18.25 acres
- MLS #
- MTRAOR 181720
- Posted
Details and features
Listing
- Type
- Commercial Sale
- Unit Count
- 2
Lot
- Features
- Corner Lot, Interior Lot
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 2, 2026 | New listing | $4,400,000 | — | MTRAOR |