This Land Property is For Sale.

I-90 at Exit 61, Elk Vale Rd at Cheyenne Blvd
Rapid City, SD 57701 ·

0.18 - 43 AC · Land For Sale

$30,000 - $4,589,046


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EXIT 61 & 1-90, Heartland Retail Center & NLights

Price $30,000 - $4,589,046 Property Use Type Vacant/Owner-User
Lot Size 0.18 - 43 AC Total Lot Size 200 AC
Property Type Land Zoning Description General Commercial
Property Sub-type
Commercial/Other (land)
  • Multifamily (land)
  • Retail (land)
  • Retail-Pad (land)
  • Electricity/Power
  • Water
  • Telephone
  • Cable
  • Gas/Propane
Find out more...
Listing ID: 14893321 Date Created: 11/21/2006 Last Updated: 05/30/2016

8 Lots Available

Lot Comm

Price $1,437,480 Lot Type Commercial/Other (land)
Lot Size 10 AC Commission Split 3%
Price/AC $143,748

Great location for storage units for this up and coming master planned community. Located just east of the 2nd outlet to service road. Borders the north side of Northern Lights residential district.

Lot Comm

Price $603,741.57 Lot Type Commercial/Other (land)
Lot Size 4.20 AC Commission Split 8%
Price/AC $143,748

Great location that borders future 2nd outlet to the north of all residential homes in Northern Lights. Box Elder City Limits. Great for resturant and pub location. Owner may have liquor license available for this site.


Price $282,051 Lot Type Multifamily (land)
Lot Size 2.50 AC Commission Split 8%
Price/AC $112,820.40

Located just east of the roundabout across from Denali Park. May be able to rezone to commercial for the right purpose. Owner may have liquor license for the right restaurant or pub establishment.


Price $373,744.79 Lot Type Retail (land)
Lot Size 2.60 AC Commission Split 8%
Price/AC $143,748

Future commercial site off of Cheyenne Blvd in the Northern Lights subdivision. This site is located north of the 4.84 Multi family parcel, near future walking trails in this master planned community.

Lot Comm

Price $1,020,610.79 Lot Type Commercial/Other (land)
Lot Size 7.10 AC Commission Split 8%
Price/AC $143,748

Located on south side of Cheyenne Blvd. Future connector road. Property will be platted and road completed pending acceptable purchase agreement. Great are for all residential retail needs. Located in the Northern Lights Community Master Plan.

Lot Res

Price $1,530,000 Price/AC $170,000
Lot Size 9 AC Lot Type Residential (land)

Front Porch Homes. Kaski Home Builder -

Lot 2-40

Price $30,000 Lot Type Residential (land)
Lot Size 0.18 AC Commission Split 8%
Price/AC $166,666.66


Lot Comm

Price $4,589,046 Lot Type Retail (land)
Lot Size 43 AC Commission Split 8%
Price/AC $106,722

Retail parcel is directly across from coming college campus. 24 other acres now sold. Will border Northern Lights Community to the east.


College Campus BROKE GROUND! MAKE AN OFFER..........The South Dakota Board of Regents has chosen Heartland Retail Center for the new 16M- SD West River Higher Education Center! Another Hotel has broken ground 10-08. Will subdivide to suit, call for pricing on smaller parcels. Will consider joint ventures, subordination or build to suit. $1.3 million extension of Cheyenne Blvd through center of property is complete, with city utilities, curbs, gutters. First 5 sites are sold-another 3 hotels coming to this new interchange. McDonald's, Arby's and convience store have already located here. Cheyenne Blvd is primary access to neighboring Northern Lights Community, a Master Planned Mixed use community. Apartment complex & Brownstones (townhomes) in negotiations. Single family front porch homes under construction, 150 townhomes and 160 apartments are in planning stages. Denali Park is now under construction. New Cabela's is at the NW corner of Exit 61 opened 08-2008. The region's first International Soccer Complex being planned just north on Elk Vale at our other location. (note:LoopNet map has Elk Vale mislabeled as E St.Patrick). Offered direct from the developer.

The Heartland Retail Center, I-90 Exit 61. Now called Elk Vale Rd, this is the route of the Heartland Expressway(link), the important new highway connecting Rapid City to Denver, linking I-90 to I-80, I-76, and I-70. Exit 61 is the direct route to Mt. Rushmore and Black Hills attractions via the Southeast Connector. Elk Vale Rd carries increasing commuter traffic to the area's biggest employers. Route to Ellsworth Air Force Base and the RC Airport. Recent commercial construction at this exit totals nearly $30 million dollars - 2 new hotels with indoor waterpark, new supermarket, credit union and 2 new gas stations. Several other large projects include Cabela's and Rushmore Crossing. Developer recently donated 80 nearby acres to city for soccer field complex (link). Excellent highway visibility. 4+ million Black Hills visitors yearly. Rapid City ranked 7th on Forbes' list of best small metro areas for business. And for 2 weeks every summer, the legendary Sturgis Motorcycle Rally jams hotels and businesses for miles in all directions. Flexible Lot Lines can be accommodated. Pedestrian Friendly Mixed Use Property.


  • NEW 40 Ac. COLLEGE CAMPUS COMING! 16M SD West River Higher Education Center
  • New Cabela's at NW corner of Exit 61-New Lifestyle Mall at Exit 60. Elk Vale is part of the new Ports to Plains Corridoor & Heartland Express
  • 800 Home Residential Community now under construction Ellsworth currently has 5,182 military and civilian on-base jobs. A 2006 study found Ellsworth'
  • Only 32 acres of commerical Ground left...Multi-family, Single Family Still Available.
  • Interstate, Airport and Tourism Interchange. Great Visibility. Ellsworth AFB (just east) home to the new financial center for all of it's US operation
  • Flexible parcel size options, will subdivide or Build to Suit. Joint Ventures Will Be Considered.


  • Electricity/Power
  • Water
  • Telephone
  • Cable
  • Gas/Propane


I-90 at Exit 61, Elk Vale Rd at Cheyenne Blvd, Rapid City, SD 57701 (Pennington County)

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