Lot A S VALLEY DR, Rapid City, SD 57703
JOHNSON RANCH SUBD · Pennington County
Key Facts
Description
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 437) — 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Lot Size
2.17 acres
Zoning
General Commercial
MLS® Listing#
176391
Property Features
Lot Features
Sewer
Financial Details
Parcel Number
3809101002
Affordability Calculator
$226,860
Estimated monthly payment
$6,037/mo
Principal $907,440 · Est. interest $1,265,960 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rapid City, SD
- $410,625
- Median Listing Price
- 47
- Median Days on Market
- 1,900
- Median Sq Ft
- $232
- Median Price / Sq Ft
- 621
- Active Listings
- This home’s price is 176% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, SD.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 12584 Mills Ranch Road, Hill City, SD | $797,000 | 1 | — | 1,152 |
| 1424 Luna Avenue, Rapid City, SD | $799,000 | — | — | — |
| 1424 LUNA AV, Rapid City, SD | $799,000 | — | — | — |
| 642 AARON CT, Rapid City, SD | $799,000 | 5 | — | 3,273 |
| 642 Aaron Ct, Rapid City, SD | $799,000 | 5 | — | 3,273 |
| 3300 SHERIDAN LAKE RD, Rapid City, SD | $799,900 | 4 | — | 3,390 |
Moving Cost Estimate
Listing Courtesy: RE/MAX ADVANTAGE - 6053437653
Presented by: RANDY OLIVIER