Listing provided courtesy of KELLER WILLIAMS REALTY BLACK HILLS - SPEARFISHMLS# 172326MLS Provider
  • 501 days on site
  • 40 views

Listed by Kevin Andreson, KWBH 605-646-5409. Commercial Development Opportunity Box Elder, South Dakota Positioned in one of the fastest-growing corridors in the Black Hills region, this development-ready commercial site in Box Elder offers exceptional potential for multifamily, mixed-use, or residential investment. Located just minutes from the main gate at Ellsworth Air Force Base—and directly benefiting from the planned B-21 mission expansion—this property sits in the path of sustained population and housing demand growth. The site is fully graded and prepared for multifamily construction, with city utilities available and strong infrastructure support already in place. Excellent visibility from Interstate 90 enhances exposure for future development, while immediate access to Liberty Boulevard places the property at the center of ongoing residential and commercial expansion tied to Ellsworth AFB and the surrounding Box Elder growth corridor. Surrounded by new single-family construction and emerging commercial services, this location is ideally suited for apartments, townhomes, workforce housing, or a mixed-use concept serving military personnel, contractors, and the expanding local workforce. Flexible acquisition options are available: purchase an individual parcel or assemble the entire tract to support a larger-scale development vision. Key Investment Highlights Prime Box Elder location near Ellsworth AFB main gate Direct demand drivers from B-21 mission growth and military expansion Zoned and graded for multifamily or mixed-use development City utilities available High visibility from I-90 Located along Liberty Blvd growth corridor Parcel-by-parcel or full-tract purchase options This is a strategic opportunity to secure a shovel-ready site in a high-growth military and residential expansion market with long-term multifamily and mixed-use demand fundamentals.

Source: Black Hills MLS, MLS#: 172326

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  • Property Type
    Land
  • Lot
    24.76 acres

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Black Hills MLS - Company Site

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  • Median Age
    34
  • Population Density
    49
  • College Educated
    39%
  • Estimated Median Income
    $56,581
  • Estimated Total Home Owners
    2,221
  • Estimated Total Renters
    853
  • Owner / Renter Divide
    72% / 28%
  • Estimated Average Household Size
    3
  • Total Population
    8,156
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at TBD LIBERTY BLVD


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
2/25/2026Source: Black Hills MLS Price Increase
$3,775,000 228.3%
2/13/2025Source: Black Hills MLS Added to Database
February 13, 2025