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Listing provided courtesy of RE/MAX ADVANTAGEMLS# 176391MLS Provider
  • 236 days on site
  • 10 views

Prime 2.17-Acre Commercial Lot — Ready for Development in Rapid Valley, SD Property Overview: Strategically positioned at a high-visibility, signalized 4-way intersection, this 2.17-acre general commercial lot is grade-ready and primed for your next retail, service, or mixed-use project. The property boasts 638 linear feet of combined frontage along S. Valley Drive and E. St. Patrick Street, ensuring exceptional access and exposure. All city utilities and services are available in the immediate area. Location Highlights: Located in Rapid Valley, one of the fastest-growing suburbs of Rapid City, this site benefits from strong regional growth fueled by major residential, commercial, and industrial development. The area's momentum is anchored by Elk Vale Road (US Highway 16B/SD 44) — a key transportation corridor and development hub connecting Rapid City to regional and interstate routes. Market & Growth Drivers: ' Booming Population: Rapid City's population has surged by over 10,000 residents since 2020, including a 3.05% increase in 2024 — one of the strongest growth rates in decades. ' Development Hotspot: The south and east Elk Vale corridor is experiencing unprecedented investment, with hundreds of new apartments, single-family homes, and commercial spaces underway. ' Vibrant Surroundings: The immediate area around the property includes a new Starbucks, multiple apartment complexes, residential neighborhoods, and a mix of non-profit and for-profit businesses, creating a dynamic, high-traffic environment. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

Source: Black Hills MLS, MLS#: 176391

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  • Property Type
    Land
  • Lot
    2.17 acres

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Black Hills MLS - Company Site

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  • Median Age
    37
  • Population Density
    138
  • College Educated
    33%
  • Estimated Median Income
    $68,216
  • Estimated Total Home Owners
    5,375
  • Estimated Total Renters
    1,114
  • Owner / Renter Divide
    83% / 17%
  • Estimated Average Household Size
    3
  • Total Population
    17,748
  • 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 Lot A S VALLEY DR

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.