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Elk Vale Road - The Elkvale 468 Acres of Commercial Land Offered at $60,000,000 in Rapid City, SD 57703

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INVESTMENT HIGHLIGHTS

  • Ideal infill development opportunities, close to employment centers
  • High-volume truck thoroughfare
  • Singular views

EXECUTIVE SUMMARY

The finest large infill development parcel in this growing MSA. The land features some elevated sections with significant views of the Black Hills, Rapid City and the surrounding region. The adjacent US-16 truck bypass creates prime logistics development opportunities, while the elevated areas have premium mixed-use residential potential in a central location with proximity to Ellsworth AFB and downtown Rapid City.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $60,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Distribution
  • Healthcare
  • Hospital
  • Industrial Live or Work Unit
  • Master Planned Community
  • Medical
  • Neighborhood Center
  • Office Park
  • Planned Unit Development
  • Single Family Development
  • Supermarket
  • Truck Stop
  • Truck Terminal
  • Warehouse
Total Lot Size 500.00 AC

1 LOT AVAILABLE

Lot

Price $60,000,000
Price Per AC $128,205.13
Lot Size 468.00 AC

468 contiguous acres of prime mixed-use development land, midway between downtown Rapid City and Ellsworth Air Force Base. The land is bisected by Elk Vale Road (US 16), a designated truck bypass from I-90 to SR79.

  • Listing ID: 35218557

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: Elk Vale Road, Rapid City, SD 57703

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