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Commercial Land for Sale in Rapid City, South Dakota

Elk Vale Rd, Rapid City, SD 57703

$4,400,000
18.3 acres
Active sale
ago
Est $34,627/mo

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
Zip code
57703
Community
Rapid Valley
Elevation
3,138 feet
Coordinates
44.0575, -103.1374

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

DateEventPriceChangeSource
Nov 2, 2026New listing$4,400,000—MTRAOR
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This 18.25-acre property is located at Elk Vale Rd in Rapid City, SD 57703. The land is available for sale, priced at $4,400,000 — $241,096 per acre.

Listed by Lewis Realty, (605) 673-5885

Checked 2 hours agoUpdated

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