Above $1 Million Rapid City SD Real Estate, Homes, Condos for Sale - Adam Johnson RE with Specialty Properties?

This is your chance to own the Black Forest Inn Bed & Breakfast located in the heart of the Black Hills just south of Pactola Lake in an EXCELLENT LOCATION minutes from all things touristy! Remodeled fully just a few years ago this property offers guests a relaxing and upscale place to unwind after a busy day of exploring. This is a turnkey opportunity with seven suites and one cottage to rent. The commercial kitchen is expertly equipped for preparing breakfast for your guests. Serve them in the main living/dining area with scenic views and many options for seating including a coffee bar. The Game Room, Outdoor Patio, and Gazebo are common areas that lend to giving guests a relaxing experience. Lots of opportunities for additional revenue sources - Cabins, RV sites, Wedding Venue, Family Reunions, etc. Owning this B&B affords personal space to enjoy life with enough suites to make a living - while essentially buying a quality life with a purpose and allowing one to bask in the beauty of the hills. This is a one-of-a-kind Black Hills Treasure!

23191 Hwy 385, Rapid City

$1,399,000

6 Beds ⋅ 180268 MLS

Listed with Katie Prall at Black Hills Realty 605-206-1962. Luxury Living Meets Black Hills Adventure at 22790 Norris Peak Rd. Experience exceptional Black Hills living in this stunning custom residence offering over 5,000 square feet of thoughtfully designed living space on more than 3 private acres with breathtaking panoramic views. Whether you're searching for a luxury primary residence, multigenerational home, or an investment opportunity with vacation rental potential, this one-of-a-kind property delivers. Featuring 6 spacious bedrooms and 3.5 bathrooms, the home welcomes you with expansive living spaces, soaring ceilings, and walls of windows that frame the beauty of the surrounding Black Hills. The open-concept main level is designed for both everyday living and effortless entertaining, with generous gathering spaces and seamless flow throughout. The fully finished walkout basement offers incredible versatility, complete with its own full kitchen, making it ideal for multigenerational living, extended guest accommodations, or creating a private vacation rental or income-producing suite. Car enthusiasts, hobbyists, and outdoor enthusiasts will appreciate the impressive 64' x 30' shop, featuring a finished entertainment room complete with a custom bar making it the perfect space for hosting game days, celebrations, or relaxing after a day exploring the Hills. Step outside and enjoy the peace and privacy of your acreage while taking in spectacular views in every direction. With room to roam, entertain, and unwind, this property offers the rare combination of luxury, functionality, and endless possibilities, all just minutes from the amenities of Rapid City while surrounded by the natural beauty of the Black Hills.

22790 Norris Peak Rd, Rapid City

$1,195,000

3 Beds ⋅ 180242 MLS

Listed by Tim Holt, Sun Real Estate, 605-415-3617. Luxury Living in the Making – 4825 Pikes Peak Ct, Rapid City, SD Situated on a quiet cul-de-sac near the golf course and conveniently close to local schools, this beautifully designed new construction home offers a rare opportunity to own a residence with sweeping Black Hills views. The main level features an open-concept layout with three spacious bedrooms and two well-appointed bathrooms. The kitchen is thoughtfully designed with luxury cabinetry, high-end appliances, and premium finishes, complemented by a generous workspace ideal for both entertaining and everyday living. Just off the kitchen, a flex space provides possibilities for a breakfast room, walk-in pantry, second office, or even a wine lounge. The primary suite offers a private retreat, complete with an additional flex space ideal for a home office, cozy den, or personal fitness area, along with the added convenience of laundry within the suite. The lower level is framed and insulated, featuring high ceilings and a layout designed for two additional bedrooms. This space is well-suited for an in-law suite, expansive living area, or entertainment zone, with ample room for features such as a golf simulator. The covered deck extends your living space outdoors, offering a peaceful setting to take in the panoramic views. With its prime location, flexible design, and incredible potential for customization, 4825 Pikes Peak Ct presents a rare opportunity to create a luxury home tailored to your lifestyle in one of Rapid City’s most desirable areas. Seller is offering a $100k credit towards the Buyer's needs. Buydown, landscaping, rooms or bathrooms. Bring an offer.

4825 Pikes Peak Ct, Rapid City

$3,100,000

180203 MLS

Rare Turnkey Restaurant & Redevelopment Opportunity 1331 E. North Street | Rapid City, South Dakota An exceptional opportunity to acquire one of Rapid City's premier restaurant properties. This approximately 6,000-square-foot freestanding building is fully equipped for an upscale dining or hospitality concept and offers an immediate opportunity for owner-users, restaurant operators, or investors. The offering includes a complete commercial kitchen, expansive dining room, full bar area, outdoor patio with panoramic views of Rapid City's western hills, ample customer parking, and a comprehensive inventory of furniture, fixtures, and equipment (FF&E). The property is currently owned by an independent franchise owner however the national franchise has ceased operations, allowing a new operator to capitalize on an established location with minimal startup time. A copy of the appraisal may be available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). Strategically located at the intersection of East North Street and Campbell Street, the property benefits from outstanding visibility and accessibility within one of Rapid City's fastest-growing commercial districts. The surrounding area has experienced substantial investment, including new multifamily housing, retail, hospitality, and commercial development. Nearby destinations include Menards, Walmart, Sam's Club, Rushmore Crossing, Monument Health facilities, and the expanding Dakota Market Square development. The City of Rapid City has also approved a Tax Increment Financing (TIF) project to complete the missing segment of East Anamosa Street to Elk Vale Road, a major infrastructure improvement expected to enhance connectivity, increase commuter traffic, and further strengthen the area's long-term commercial appeal. Contact Christian Morgan, NorthStar Realty at 605-205-5124 or 970-396-8100 with questions or to arrange a tour.

1331 E North, Rapid City

$1,269,817

180145 MLS

7.38-acre industrial yard and development site positioned near the Haines Ave corridor, Lowe's, Best Buy, Uptown Rapid, and I-90. Approximately 3.22 acres are already paved, fenced, and lighted, providing immediate capacity for fleet parking, equipment storage, contractor operations, or outdoor storage. Approximately 4.16 additional acres provide room for future development or site expansion. Access from Paha Sapa Rd and a second commercial connection from Mall Dr support truck and equipment circulation. Light Industrial and General Commercial zoning accommodates a range of potential uses, subject to buyer verification. For additional information or to schedule a site visit, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

360 Disk Dr, Rapid City

$2,998,000

89505 MLS

Prime investment opportunity at 1430 North Haines Avenue in Rapid Cityâs established commercial corridor! This well-located office/retail center sits on 1.22Â± acres with excellent visibility and access along Haines Avenue. This property delivers strong cash flow with stable occupancy. The building accommodates approximately 8 business suites, offering a variety of office, professional, and service spaces. Situated in a mature commercial node with complementary retail, dining, and service uses, this asset benefits from consistent daily traffic, strong demographic support, and convenient access to I-90 and major commuter routes.

1430 N Haines Avenue, Rapid City

$2,311,000

179999 MLS

Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and the long-time maintenance manager is retiring, creating a natural transition point for a new investor to step in and supercharge their real estate portfolio. Offered at an 8.5% cap rate based on trailing 12-month performance, supported by consistent rental history. Currently, 12 of the 17 units have at least 6 months remaining on their leases. Seller financing will be considered for qualified buyers, providing flexible acquisition options. Property features across the portfolio include: Side-by-side and up/down layouts, units with 2-car garages, walkouts and raised ranch designs, coin-operated laundry in select buildings, multiple storage sheds & fenced yards. This is a turnkey, income-producing portfolio with strong fundamentals. Investors seeking durable cash flow and geographic efficiency will find tremendous value here.

1 Other, Rapid City

$3,120,000

179997 MLS

Listed by Tyler Schad at Silverleaf Real Estate LLC 605-430-3710. Discover a rare opportunity to own 80 breathtaking acres in the heart of the Black Hills, surrounded by U.S. Forest Service land on three sides for exceptional privacy and direct access to nature. This remarkable property offers sweeping panoramic views, including stunning views of Black Elk Peak, creating an unforgettable setting for your dream home, ranch, or recreational retreat. Located just 18 minutes from Rapid City, you'll enjoy the perfect balance of peaceful seclusion and convenient access to shopping, dining, and amenities. The property consists of two 40-acre parcels, offering the flexibility to purchase the entire 80 acres or buy a single parcel to suit your needs. Rolling hills, open meadows, and a beautiful mix of mature oak, aspen, apple, and pine trees provide a diverse and picturesque landscape that's rich in wildlife and natural beauty. Outdoor enthusiasts will appreciate the endless recreation right outside the back door. Miles of mountain biking, hiking, horseback riding, and ATV trails connect directly through the surrounding Forest Service land, making this an exceptional basecamp for year-round adventure. Whether you're seeking a private mountain estate, an equestrian property, or an investment in one of the Black Hills' most desirable locations, this one-of-a-kind property offers unmatched scenery, privacy, and recreational access.

tbd Canyon Pl, Rapid City

$2,975,000

179979 MLS

11,085 SF turn-key restaurant facility for sale on Mt Rushmore Rd, one of Rapid City’s primary north-south commercial corridors. After 50 years as a community gathering place, the owners of Colonial House are retiring and offering the real estate and FF&E for sale. The building is configured as a full-service restaurant use with commercial kitchen, bar, dining areas, bakery production space, office, mezzanine storage, and support areas. The 2.87-acre site includes 105 paved parking spaces and direct access from Mt Rushmore Rd. The location has historically supported more than $5M in annual restaurant sales, demonstrating the strength of the site and corridor. Originally constructed in 1955 and fully remodeled down to the studs in 2015, the property offers an established restaurant location with decades of community goodwill. Ownership would welcome a buyer interested in carrying the Colonial House name forward, though the site is equally suited for a new restaurant concept or easily converted to a multi-tenant retail space. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

2315 Mt Rushmore Rd, Rapid City

$1,100,000

4 Beds ⋅ 179964 MLS

This handcrafted mountain estate presents a rare opportunity to own a true Black Hills property. Construction began in 1984 and has been thoughtfully handcrafted, refined, customized and updated over four decades, with many meaningful improvements completed within the last five years. Every detail reflects enduring quality, purposeful design, and craftsmanship with a story of its own. Nestled on 5+ private acres in South Canyon Estates, this custom estate offers over 4,000 sq. ft., 4 bedrooms, 3½ baths, an oversized attached 2-stall garage, and a separate 2-story shop built into the hillside with overhead-door access on both levels. The lower level is a mechanic’s dream with room for 4 vehicles, mechanic pit, commercial all-around air compressor, and whole-property generator. Above, a drive-in woodworking shop offers exceptional workspace and storage. Inside, locally milled D-log construction features double tongue-and-groove logs and 6-inch sealed log walls, protected by steel siding. Missouri Ozarks red oak floors, stairs and countertops complement maple cabinetry, granite island, dual kitchen sinks with Kingston faucets, restored clawfoot tubs, Marbleworx showers, central vacuum, and laundry chute to the main-level laundry. Every upstairs bedroom opens to a redwood deck, with 2 private deck entrances from the primary suite. Hot-water hydronic heat provides quiet, even warmth without forced air, while the whole-house fan takes advantage of cooler Black Hills evenings by drawing fresh outdoor air through the home and exhausting accumulated heat. An indoor dry sauna, handcrafted steel railings, and remarkable attention to detail complete this one-of-a-kind estate, built with intention, character, and lasting value.

8205 Red Deer Rd, Rapid City

$1,649,000

179607 MLS

Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available to qualified buyers upon execution of a confidentiality agreement. Call today for additional information or to schedule your private tour.

3313 Leland Ln, Rapid City

$1,425,000

179553 MLS

Condo Unit B at 2620 Jackson Blvd is an 11,843 SF fully leased multi-tenant office investment within Creekside Professional Offices in west Rapid City. The unit includes five professional office suites across main/upper and garden levels, with lease expirations ranging from 2028 to 2030. HOA coverage includes exterior maintenance, landscaping, snow removal and building insurance. Parking includes 30+ shared spaces with designated ADA parking. Located near the Jackson Blvd and Sheridan Lake Rd intersection with Office Commercial zoning. Seller financing may be available to qualified buyers. Financials and leases available upon request with signed NDA. Contact Chris Long at 605-939-4489 or Tom Rau at 605-390-2735.

2620 Jackson Blvd Unit B, Rapid City

$1,295,000

3 Beds ⋅ 179515 MLS

The owners have affectionately named this magical canyon retreat Oak Hallow. It will be easy for you understand the name when you are immediately engulfed by the soothing rapids of Rapid Creek and the splendor of the canyon walls! Conveniently located within minutes of downtown Rapid City and 20 minutes to the airport but a world away from the hustle and bustle. The estate features its own well, private beach, large raised garden beds, deck adjacent to Rapid Creek and the great lawn bordering Rapid Creek. The expansive deck adjoining the front entry will provide you endless opportunities to either relax or entertain your guests!! This property has over 300 ft of creek frontage north of Dark Canyon Rd on both sides of the creek and over 240 ft of creek frontage on one side of the creek south of Dark Canyon Rd after you cross the bridge. The original home was built in 1950 with two additions featuring additional living space and bedrooms added the most recent one featuring the primary suite in 2002. This home features a main floor living room with hardwood floors and a wood burning insert. The kitchen has all the necessary features including a pass through to the breakfast bar for serving your family and guests. The primary suite is expansive including a gas fireplace, nearby library area to relax with a nearby covered deck, walk in closet and makeup vanity. The additional main floor bedroom is near the main floor full bathroom with a sauna located in this bathroom. This bedroom also has a private deck with convenient access to the garden area. The third bedroom is located on the upper level on the right side of the home. This totally private residence on over 6 acres is on the market for the first time in 35 years. Wake up to private fishing, swimming, hiking and biking!! Enjoy dinner downtown and fall asleep to the sound of the creek!

7450 Dark Canyon Rd, Rapid City

$1,650,000

4 Beds ⋅ 179474 MLS

Situated on 23.97 private acres in the highly sought-after Rimrock area, this exceptional Black Hills property offers a rare combination of luxury living, privacy, usable land, and unmatched shop infrastructure. Surrounded by mature pines, rolling hills, and abundant wildlife, the property delivers a secluded setting just minutes from Rapid City. The 4-bedroom, 4-bath home is designed for comfortable main-floor living, featuring a spacious primary suite with a private bath, walk-in closet, and convenient access to the main-floor laundry. A second private primary suite provides additional flexibility for multi-generational living or guests. The home also features double wall ovens, a stunning floor-to-ceiling stone fireplace, generous living spaces, and an expansive covered patio ideal for entertaining or enjoying the peaceful Black Hills surroundings. The true showpiece is the approximately 2,750 sq. ft. custom-built shop. Constructed with a welded steel frame, 16' sidewalls, spray foam insulation, in-floor heat with dual zones, 400-amp service, 220V power, three-phase converter panel, hot water on demand, compressed air infrastructure, paint booth ventilation, and three dedicated HVAC units. Additional features include a 720 sq. ft. mezzanine with 50,000-lb capacity, two 10' overhead doors, one 14' overhead door, vehicle-lift-ready pads, interior and exterior drains, kitchen facilities, two bathrooms, seven finished flex-use rooms, a 1,000-gallon holding tank, and extensive covered exterior parking for RVs, equipment, or toys. Properties offering this level of privacy, acreage, and infrastructure are exceptionally difficult to replicate and rarely become available. Listed by Henry Ulrich, Ascend Realty, 605-490-2040.

7810 Labrador Tr, Rapid City

$1,349,000

4 Beds ⋅ 179469 MLS

Listed by Lyndi Liebelt, The Real Estate Group 605-389-2163. Pure class and sophistication describe this remarkable 4 bedroom, 3.5 bath, 1200+sqft 3 car garage home, located only 4 minutes from Monument Health Hospital. Upon entering the home, you are greeted with views of pine trees from the large windows which allow lots of natural light in the well appointed living room, with built in book cases, cabinets and gas fireplace, with one of the best views in the area. The open kitchen and breakfast nook feature floor to ceiling windows, with a center island breakfast bar and absolutely stunning cabinetry. The master suite has his and hers vanities, heated tile floors, large whirlpool tub w/ separate walk in shower and a large walk in closet. Downstairs you will find a very large family room, wet bar, workout room, and three bedrooms, one featuring its own walk in bathroom. Theres another surprise out back, with a large custom built sauna where you can enjoy a beautiful view while relaxing on the large cedar benches.

3911 City View Dr, Rapid City

$16,500,000

179267 MLS

Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.

1050 Valley Dr, Rapid City

$1,700,000

179208 MLS

Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 2 units that are occupied by the current owner All financials available with a signed NDA.

550 N 5th St, Rapid City

$1,900,000

179161 MLS

Positioned in the heart of downtown Rapid City, this exceptional 12,300 SF commercial opportunity is now offered for lease at $10,500 per month NNN. The property features approximately 10,500 SF on the main level plus an additional 1,800 SF basement, creating a highly flexible footprint suited for a wide range of uses. Delivered as versatile shell space, the building offers the rare ability to accommodate a single flagship user or be demised into multiple tenant suites. Ideal for restaurant, retail, office, entertainment, showroom, or mixed-use concepts. Located in a high-visibility corridor with traffic counts exceeding 13,700 vehicles per day, this asset combines scale, exposure, and adaptability in one of Rapid City’s most active downtown districts. Exceptional potential for operators, investors, or brands seeking a commanding presence with endless repositioning opportunities.

826 Main St, Rapid City

$1,100,000

5 Beds ⋅ 179068 MLS

Gorgeous home on 7.27 acres with phenomenal views of the Black Hills, privacy, and no covenants! Horses are welcome and Forrest Service nearby offering 1,000s of acres of riding opportunities. The main level offers an open floor plan with high vaulted ceilings and lots of windows flooding the home with natural light, massive kitchen with breakfast nook and fireplace, formal dining, large laundry, guest bath, and two bedrooms. Upstairs has a large master suite with double vanity, walk-in closet, and private deck. There is also a multipurpose space in the loft with many possibilities. The walk-out basement has two more bedrooms, huge family room, 3rd bath and lots of storage. The exterior of the home has fire resistant Hardy Plank siding, concrete tile roof, maintenance free decking and a detached 30x30 garage with water hydrant. Close to Rapid City and outdoor recreation with hiking and biking trails nearby.

13130 Geary Blvd, Rapid City

$1,395,000

178781 MLS

Excellent location for this 4 suite office building just off Jackson Blvd. This building is a single building in a larger condominium project. The lower and upper floors of this building each have two suites. The lower level has one vacancy which has recently occurred and the upper level has one suite which has been occupied by the owner. The ownership of this building includes an undivided 21% interest in the common area of the condominium project. The total acreage for the entire condominium project is 2.182 acres. Great investment opportunity and opportunity for an owner to occupy one of the vacant suites.

2201/2204 Jackson Blvd, Rapid City

$1,399,900

178649 MLS

Located within an SBA Opportunity Zone, this prime downtown Rapid City commercial opportunity in the heart of the fastest-growing market in the region. This multi-tenant property offers exceptional flexibility for investors, operators, and developers seeking a high-visibility location with average traffic counts of nearly 17,500 vehicles per day. The building supports a wide range of existing and future uses, including: Restaurant / Bar, Retail, Entertainment venue, Indoor/outdoor multimedia event center, Office, Residential & Storage. The iconic tower—long recognized as a local advertising beacon for over 100 years—remains undeveloped, offering a rare opportunity to add new leasable square footage or create a signature branding feature visible throughout downtown. Also available for purchase or lease is the existing operating business, which includes: Liquor license, Video lottery license, Restaurant/bar FF&E. This is a unique chance to acquire a versatile downtown asset with multiple income streams and significant upside potential. Call today to schedule a private tour and explore the full scope of this opportunity. Listed by Tony Marshall, CINC Realty, tony@cincrealty.com.

406 5th St, Rapid City

$2,812,887

178326 MLS

Excellent Commercial Property fronting East Mall Drive.

E Mall Dr, Rapid City

$1,582,535

178325 MLS

Excellent high exposure General Commercial with almost 300ft of depth and 728 ft of frontage on East Mall Drive. This lot has access available on East Mall Drive and on Taggert Rd. This area continues with increased development with two new industrial parks to the East along East Mall Drive. This ever expanding area is positioned well for future motel/retail and light industrial expansion in the next five years. Please consider the 12 acre parcel immediately west of this parcel which also has frontage on East Mall Drive with access points on Taggart Rd as well as Dakota Craft Drive on the West.

TBD E Mall Dr, Rapid City

$1,699,000

4 Beds ⋅ 3 Baths ⋅ 87972 MLS

CALLING ALL HORSE LOVERS & outdoor enthusiasts! You can ride your horses, ATV's or hike, right into the National Forest to nearby restaurants. The most perfect horse property that you could dream up! Oodles of upgrades! Log home on 10+ ac bordering USFS lands! Over $250,000 put into the rockwork that leads you to the covered front porch. Inside boasts a chef's delight kitchen w/tons of cabinets, high-end appliances & tiered center island. Separate pantry has laundry hook ups & more built-in cabinets. Dining area & great room have soaring vaulted ceiling, walls of windows & cozy gas fireplace. Main floor master suite w/fireplace has ensuite bath w/double vanity, shower, jetted jacuzzi tub & walk-in closet. Loft sports a 2nd family/game rm. Freshly painted lower level w/new light fixtures hosts 3rd large family rm & 3 ample bdrms (1 NC) w/new carpet, full bath & laundry/utility rm. 34x34 metal building holds hay & trailer storage attached to 36x36 building that houses 4 high-end horse stalls w/auto waterers & individual outdoor runs, hot/cold heated wash bay & heated tack room w/sink. A 12x24 run-in shed connects this & additional 30x38 metal building that offers shop space or maybe more horse stalls. Ride directly on USFS lands plus train in the 100x200 RIDING ARENA!! Two pasture areas w/steel &/or split rail fencing. 2-car log-sided heated garage, new lights & loft w/cedar closet. Perfect combination of log home in the woods & dreamy horse property you have been looking for!

10255 Echo Valley Ct., Rapid City

$1,625,000

6 Beds ⋅ 178017 MLS

Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. Welcome to 13365 Silver Mountain Rd! You won’t want to miss this stunning custom-built cabin-style home nestled on 3.66 acres in the heart of the Black Hills. Offering over 4,000 sq ft of living space, this impressive 3-story home features 6 bedrooms, 4 full bathrooms, an attached garage, and a detached garage with additional living quarters—perfect for guests, rental potential, or multi-generational living. Inside, you’ll find beautiful wood floors, soaring ceilings, and multiple wood-burning fireplaces that create a warm and inviting mountain retreat feel. The spacious kitchen is designed for both function and style with granite countertops and ample cabinet space. The primary suite is conveniently located on the main level, and the home also offers the rare convenience of laundry on both the main and upper floors. Enjoy the outdoors with multiple decks that provide incredible views and a peaceful setting surrounded by mature trees and natural landscape. The wooded lot offers privacy while still providing easy access to all the amenities of the Black Hills. This one-of-a-kind property combines space, character, and location—ideal as a full-time residence, vacation home, or investment opportunity. Many hiking and biking trails off Coon Hollow! Schedule your showing today!

13365 Silver Mountain Road, Rapid City

$1,875,885

177947 MLS

Commercial development land located along E Mall Drive just north of I-90 at Exit 59 (LaCrosse Street). The 7.23-acre site sits adjacent to the Hilton Garden Inn and within minutes of Rushmore Crossing, Fleet Farm, and the Uptown Rapid retail center. Zoned General Commercial, the property benefits from infrastructure already extended to the site including water, sewer, electric, and gas from prior development planning. The parcel supports a range of potential uses including hospitality, restaurant, retail, or service-oriented commercial development. Mall Drive connects directly to Lacrosse Street and provides convenient access to major commercial corridors including Haines Avenue and Elk Vale Road, positioning the site within one of Rapid City’s most active retail and hospitality areas. For more information or to schedule a showing, contact Chris Long at 605-335-8100 or Tom Rau at 605-390-2725.

621 E Mall Dr, Rapid City

$1,300,000

177925 MLS

Listed with Travis Haan -- Black Hills Realty -- 605-415-2344 Prime 10.6-acre commercial opportunity located just off U.S. Highway 16 south of Rapid City. Positioned in one of the fastest-growing corridors in the Black Hills region, this property offers outstanding visibility and convenient highway access, making it ideal for a wide range of commercial or mixed-use development. Surrounded by expanding residential and commercial growth and increasing traffic along the Highway 16 corridor, this site provides exceptional potential for businesses looking to capture both local and tourist traffic heading toward the Black Hills. The generous 10.6-acre footprint offers flexibility for retail, hospitality, service-based businesses, or multi-tenant commercial development. Whether you’re looking to develop now or secure land in a rapidly expanding area, this property represents a rare investment opportunity in the thriving Rapid City market. Highlights: 10.6 acres of commercial land Excellent access from U.S. Highway 16 Located south of Rapid City in a high-growth area Strong traffic counts and visibility potential Ideal for retail, hospitality, or commercial development

1 TBD Sammis Tr, Rapid City

$1,750,000

3 Beds ⋅ 177837 MLS

Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. Situated within city limits bordering the county on 9.75+/- acres, this private one-level home offers exceptional privacy and convenience with three separate fenced yards and a secure electric gate. Updated and meticulously maintained, the home features an open-concept layout with a main floor living room, a two-way gas fireplace and large skylights. Enjoy maintenance-free Trex decks on both the south and north sides, plus a third deck off the master suite. The master suite is unparalleled, with a large walk-in closet and a luxurious bathroom complete with three sinks and a separate water closet. Attached to the house is a huge 38x34 ft garage with dual 12x10ft doors. Detached from the house a 4,800 SF shop featuring 14 ft sidewalls, four 12x10ft overhead doors, and a 12x12ft sliding door—perfect for a workshop, storage for recreation vehicles or heavy equipment. Enjoy the evening glow of city lights to the north and the serene beauty of rolling hills to the South during the day.

851 Catron Blvd, Rapid City

$1,888,000

5 Beds ⋅ 177735 MLS

Listed with TJ Wojtanowicz at Black Hills Realty, 605-863-1920. Welcome to Stoney Creek Reserve, Rapid City’s newest westside development with big views of the Northern Hills, Needles, and Southern Hills. Construction will begin soon—call today to reserve your lot and floor plan. Exclusively built by New House Builds LLC, this ranch-style home is scheduled to start in April 2026, with completion anticipated by November 2026. The plan features 5 bedrooms, 3 bathrooms, a 3-car garage, and over 5600 finished square feet. Construction includes full landscaping with an allowance. Similar builds by this trusted builder are available for review upon request. Buyers must sign off on covenants. Floor plans available upon request. DO NOT ACCESS development without permission. This is an active construction site

Lot 15 Overview Ln Lot 15, Rapid City

2130 Dyess Ave 2858 Flack Lane, Rapid City

$2,475,000

177720 MLS

Listed by Alan Smoot of Town & Country Real Estate 605-391-3321. This Heavy Industrial District property features 7 insulated and heated warehouse buildings, offering a total of 17,676 sq. ft. of warehouse space. The 7 buildings are situated on 3 contiguous parcels of land, totaling 16.66 acres, is known as 2130 Dyess Ave. and as 2858 Flack Lane. It is located in one of the busiest heavy industry corridors in Rapid City and the Black Hills Area, and is ideal for businesses looking for ample space, strategic positioning and proximity to I-90 and major highways.

2130 Dyess Ave 2858 Flack Lane, Rapid City

$9,060,000

177466 MLS

NNN Investment Opportunity – Rapid City represents a core regional market for net-lease investment, serving as the commercial hub for the Black Hills and a multi-state trade area encompassing western South Dakota, northeastern Wyoming, and portions of Nebraska and Montana. This depth of regional draw supports long-term tenant performance and durable cash flow. The subject property is strategically positioned on Haines Avenue, immediately south of Interstate 90, benefiting from average daily traffic counts exceeding 35,000 vehicles. This prime location offers exceptional visibility, ease of access, and sustained customer traffic—key drivers of tenant sales and lease longevity. Haines Avenue is a major north–south arterial that directly connects I-90 to downtown Rapid City and the city’s primary medical corridor. In 2024 and 2025, the property underwent extensive capital improvements, including a full interior remodel (including the office space in the 27,342 sf 2nd-floor mezzanine), a complete parking lot refinish and restriping, new LED parking lot lighting, and fresh exterior paint. The Planet Fitness tenant alone invested more than $2.5 million into improvements within its approximately 30,000-square-foot space, further reinforcing its long-term commitment to the location. In January 2026, each tenant (see addendum for details) executed a new 12-year initial lease term with multiple 5-year renewal options, providing stable, predictable income under a true NNN structure. This NNN investment delivers a 7.59% Year One cap rate on base rent, with strong downside protection. Although the landlord advances capital improvement costs, the tenant reimburses these expenses over an amortized term, effectively mitigating long-term ownership exposure. Listed by: Randy Olivier RE/MAX Advantage 605-430-6246

1845 Haines Ave, Rapid City

$5,800,000

86621 MLS

LOCATION! LOCATION! LOCATION! 4 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale and Concourse (also on Jubilee), next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent a half a million dollars on different studies, surveys, etc. in the past for a 540-unit, high-end apartment complex under the name of Quail Ridge. There was a TIF application that was accepted at the city levelâ and, per the facts of the matter, there were communications about a TIF with the county. City water & sewer on sites. Multiple access points mean plenty of layout options. The corner of the lot on the southeast side of the junction of Concourse and Elk Vale would make a great gas station lot. Thriving commercial opportunity, buzzing with opportunity of what could be! Listed at 5.61/SF. Seller is willing to come alongside a qualified buyer with good capital as a partner or as the banker holding a contract for deed. Come take a look!

TBD Elk Vale Road, Rapid City

$1,134,300

176391 MLS

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.

Lot A S Valley Dr, Rapid City

$1,200,000

6 Beds ⋅ 3 Baths ⋅ 84562 MLS

Listed by Holly Hultgren, KWBH, 605-545-1943. Loved by the same family for over 30 years, this incredible 17.15 acres of Black Hills beauty offers sprawling acreage, 360Â° views, a spacious home and space for your horses to roam! *Gently rolling hills, lush tree lines, natural rock formations and panoramic views are a few of the highlights this property has to offer *In addition to the amazing land, there is also a beautiful home, complete with 6 bedrooms, 3 bathrooms and a finished walkout basement *The main level is thoughtfully designed allowing for easy, one-level living *The comfortable living room has a fireplace for chilly winter nights, and corner windows that highlight the views *Nearby oversized kitchen with granite countertops, ample cabinet space, pantry closet and a unique lighted display storage *Main floor laundry enroute to the converted garage/shop space *Private main floor master suite with ensuite bathroom *2 additional bedrooms and 1 guest bathroom on the main level *Walkout basement level has a large family room, 3 good size bedrooms and 1 full bathroom *Outdoor entertaining is easy here- enjoy your morning cup of coffee on the raised wrap around back deck *Unobstructed views for miles give you the peace and privacy you're looking for *Bring your horses as well- this property is equipped with its own barn with 6 stalls (2 turn out), electricity, and separate corral and pasture space *Detached 3-car garage with gravel floor for added parking (cont.).

8320 Miracle Road, Rapid City

1202 E St Francis 1214 & 1218 St Francis St, Rapid City

$1,185,000

172894 MLS

This 11,600 SF flex building offers a functional mix of office, warehouse, and large gathering space in a central Rapid City location near E St Patrick Street and E St Joseph Street. Situated on 0.80 acres across three parcels, the property is well suited for service-based businesses, light industrial users, nonprofits, trade schools, or organizations needing a combination of workspace, storage, and assembly area. The building includes more than 2,500 SF of warehouse space with a 10' x 12' overhead door, seven offices, a conference room, storage areas, men’s and women’s restrooms, and large gathering rooms on both the main and second levels. The two additional lots provide flexibility for future expansion, outdoor storage, or added parking. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

1202 E St Francis 1214 & 1218 St Francis St, Rapid City

$1,185,000

172893 MLS

This 11,600 SF flex building offers a functional mix of office, warehouse, and large gathering space in a central Rapid City location near E St Patrick Street and E St Joseph Street. Situated on 0.80 acres across three parcels, the property is well suited for service-based businesses, light industrial users, nonprofits, trade schools, or organizations needing a combination of workspace, storage, and assembly area. The building includes more than 2,500 SF of warehouse space with a 10' x 12' overhead door, seven offices, a conference room, storage areas, men’s and women’s restrooms, and large gathering rooms on both the main and second levels. The two additional lots provide flexibility for future expansion, outdoor storage, or added parking. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

1202 E St Francis 1214 & 1218 St Francis St, Rapid City

$1,604,097

172662 MLS

Prime location in on East Mall Drive! This frontage property on East Mall Drive also has I-90 frontage on the south of the lot is between I-90 Exit 61 and 60 this area is rapidly developing with multiple retailers including Cabela's / Bass pro Shop, Rapid Chevrolet, McKie Ford, Granite Nissan/GMC, Rapid Toyota and Rushmore Honda also Hotels and a new emergency room hospital being built on the corner of Dyess Ave and E Mall Dr, also EAFB is only 3 miles to the east with the new B-21 Rader coming in the near future!! If you have been considering locating to Rapid City or relocating/expanding your existing business within Rapid City don't overlook this excellent location. this lot will have one curb cut off E Mall Dr. access shared with the lot to the west.

2941 E Mall Dr, Rapid City

$1,200,000

172105 MLS

11.36 ACRES | GENERAL COMMERCIAL | ESTABLISHED RETAIL CORRIDOR 11.36-acre commercial development site at the southwest corner of E Mall Dr and N Lacrosse St in northern Rapid City. Zoned General Commercial, the property features frontage along E Mall Dr and directly adjoins Uptown Rapid Shopping Center. The site offers a substantial land area within an established commercial corridor near I-90. The property features varying elevations, with E Mall Dr frontage at the lower level and land adjoining the shopping center at the upper level. Its location places it near major retail anchors, including Fleet Farm, Hobby Lobby, and At Home, along with surrounding restaurant and hospitality businesses. The planned Rapid City Sports Complex, currently anticipated to open in late 2029, will add another regional destination to the surrounding commercial area. The property's acreage, General Commercial zoning, and proximity to established retail support a range of potential commercial development uses, subject to site planning and applicable approvals. For more information or to schedule a showing, contact Chris Long at 605-939-4489.

TBD N Mall Dr, Rapid City

$2,400,000

172104 MLS

16.27 ACRES | SIGNALIZED CORNER | THREE STREET FRONTAGES | GENERAL COMMERCIAL 16.27-acre commercial development site at the northwest corner of E Mall Dr and N Lacrosse St in northern Rapid City. Zoned General Commercial, the property offers a signalized intersection and frontage along three roads: N Lacrosse St, E Mall Dr, and Seger Dr. The site's substantial acreage and multiple street frontages provide flexibility for a range of commercial development concepts, subject to applicable approvals. Located just north of I-90 with convenient interstate access via N Lacrosse St, the property is surrounded by established retail, restaurant, and hospitality businesses. Nearby commercial anchors include Uptown Rapid Shopping Center, Fleet Farm, Hobby Lobby, and At Home. The site is also near the planned Rapid City Sports Complex, a year-round indoor athletic and tournament facility currently anticipated to open in late 2029. For more information or to schedule a showing, contact Chris Long at 605-939-4489.

TBD N Lacrosse, Rapid City

$1,700,000

3 Beds ⋅ 3 Baths ⋅ 81475 MLS

A True Black Hills Home and Setting!! 11.42+-acres, borders National Forest,2522 sq.ft log home, top of the LINE SHOP, creek side setting and access to Highway 40! This is a true Black Hills gem. With serene Battle Creek flowing the full length of the parcel, this private retreat offers the perfect blend of natural beauty and modern luxury. The impressive 3-level log home boasts 3 bedrooms, 3 baths. & a spacious loft with bathroom that can easily handle extra guests as a sleeping area! 2,522 sq. ft. of finely crafted living space, designed to satisfy even the most discerning buyer. Warm wood interiors, quality finishes, and a thoughtful layout make this a truly special residence. Also included is a newly built, deluxe 2,080 sq. ft. shop, complete with: Partial comfortable living quarters--Â¾ bath and kitchenette, finished interior with 3 overhead doors, Heated epoxy over-concrete floors â perfect for your classic cars, motorcycles, or creative space. The shop is the ultimate âMan Caveâ or hobby haven, offering both function and comfort in one exceptional space. Adding to the charm and history, the property features the original old-time livery stable, garage, barn, and a stunning stone fireplace/gazeboâall beautifully preserved to enhance the rustic elegance of this unique estate. Family owned for over 30 years! Immediate possession available. $1,700,000 MLS# 81475 This property is co-listed with Anne Fuchs @605-673-1177 & Carol Wood @ 605-440-0466 & Ron Bradeen 605-381-2629

13639 Highway 40, Rapid City

$1,470,000

81471 MLS

Zoned general commercial along the Catron (South) side and MDR along the Derby/Preakness (North) side, this 26.31 acre parcel is ready for your next mixed use project! City water and sewer lines are in place! Electric and natural gas available! There are currently paved roads stopping at the lot at the Derby and Preakness (North) entrances to the lot. 100'x120' fenced yard w power pole at Derby to lock up your vehicles/equipment! There is a paved approach as well along the Catron (South) entrance to the lot. The listing price reflects the current noted floodway area through the center of the lot! The seller wants it sold! As a note, the seller did some initial research with an engineering firm and indicated that the influenced area could be reduced significantly to as narrow as a 60' wide controlled zone! This would then allow for more useable acreage! We can certainly set up a time to tour as well as visit with the seller about the lot as he has a great working knowledge of it! One of the owners of the property is a licensed real estate agent in South Dakota.

Lot 26 E Catron Boulevard, Rapid City

TBD Dyess Ave Additional Access From Seger Dr, Rapid City

$3,415,000

167660 MLS

Located along the recently reconstructed Dyess Ave just north of Interstate 90, this property presents an excellent opportunity for business expansion in Rapid City's fastest growing industrial corridor. The property consists of approximately 56 buildable acres with access from Dyess Ave and Seger Dr and offers convenient access to Exit 60 at E North St and Exit 61 at Elk Vale Rd. Property taxes currently reflect Ag status. Up to 130 acres available. See MLS #167657. Photo renderings are conceptual only and not to scale. Schedule your private tour today!

TBD Dyess Ave Additional Access From Seger Dr, Rapid City

$5,493,000

167657 MLS

Located along the recently reconstructed section of Dyess Ave just north of Interstate 90, this property presents an excellent opportunity for business expansion in Rapid City's fastest growing industrial corridor. The property consists of approximately 97 buildable acres with access from Dyess Ave and Seger Dr and offers convenient access to Exit 60 at E North St and Exit 61 at Elk Vale Rd. Surrounded by established and thriving businesses this is an ideal location for business park subdivision or larger facility on a competetively priced property. Property taxes currently reflect Ag status. Photo renderings are representative and not to scale. Seller will consider smaller parcels based on site plan needs. Schedule your private tour today!

TBD Dyess Ave Additional Access From Seger Dr, Rapid City

$2,653,000

167659 MLS

Located along the recently reconstructed Dyess Ave just north of Interstate 90, this property presents an excellent opportunity for business expansion in Rapid City's fastest growing industrial corridor. The property consists of approximately 42 buildable acres with access from Dyess Ave and Seger Dr and offers convenient access to Exit 60 at E North St and Exit 61 at Elk Vale Rd. Property taxes currently reflect Ag status. Up to 130 acres available. See MLS #167657. Photo renderings are conceptual only and not to scale. Schedule your private tour today!

TBD Dyess Ave Additional Access From Seger Dr, Rapid City

$3,279,000

167922 MLS

18.14 acres zoned General Commercial with easy access to Interstate 90. This is an amazing investment opportunity in a prime location with great visibility, high density traffic and 850' of frontage along Highway 16 bypass (Elk Vale Rd). Another bonus is the property sits just South of a major intersection (Elk Vale Rd & Cheyenne Blvd.) for even more visibility with an easy entrance and exit. Downtown Rapid City is only 3 miles West and Ellsworth Air Force Base in Box Elder is just 3 miles East. The area is seeing significant Commercial and Residential growth and expansion in this area with the new B-21 Raider anticipated to arrive at Ellsworth Air Force Base in 2027.

1046 Endeavour Blvd, Rapid City

Browse All Rapid City SD Above $1M Properties for Sale

Above $1 Million Rapid City Real Estate

How much is your home worth?

How much is your home worth?

Pioneer Properties SD, Adam Johnson RE

Search

Resources

About