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$3,250,000
180133 MLS
Listed by Randy Olivier, REMAX Advantage, 605-430-6246. Positioned at one of the most recognizable intersections in Spearfish, the Lown Mercantile Building is one of the Black Hills' most celebrated commercial landmarks. Constructed in 1893 and proudly listed on the National Register of Historic Places, this iconic property has long stood as a symbol of Spearfish's remarkable evolution from a frontier trading community into one of South Dakota's premier destinations for tourism, higher education, and commerce. Following an award-winning historic rehabilitation, the building seamlessly blends timeless architecture with modern commercial functionality. Extensive renovations include structural reinforcement, updated mechanical systems, a fully equipped commercial kitchen, restored sandstone exterior, and expanded dining and entertainment areas. A striking timber-framed rear addition further distinguishes the property with multiple outdoor entertainment decks, generous storage, unfinished office space, and infrastructure designed for a future commercial passenger elevator, creating exceptional flexibility while positioning the building for enhanced ADA accessibility. Inside the main level, guests are welcomed into the Six Goats Tavern, featuring soaring ceilings, exposed timber beams, hardwood flooring, rustic architectural details, abundant natural light, and a spacious open dining room centered around an impressive full-service bar. The thoughtfully designed commercial kitchen and prep areas provide efficient service to both the dining and bar spaces, supporting high-volume operations with ease. The currently available second floor is designed for banquets, weddings, corporate events, private gatherings, potential offices, and meetings. 701 5th Street offers an extraordinary combination of historic significance, architectural character, modern infrastructure, and long-term investment potential. Landmark properties of this caliber rarely become available.

701 N 5th St, Spearfish
$3,250,000
89589 MLS
Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246. Positioned at one of Spearfish's most recognizable intersections, the historic Lown Mercantile Building is one of the Black Hills' most iconic commercial landmarks. Built in 1893 and listed on the National Register of Historic Places, this exceptional property reflects Spearfish's transformation from a frontier trading post into one of South Dakota's premier destinations for tourism, higher education, and commerce. Following an award-winning historic rehabilitation, the building seamlessly combines timeless architecture with modern functionality. Improvements include structural reinforcement, updated mechanical systems, a fully equipped commercial kitchen, restored sandstone exterior, and expanded dining and entertainment spaces. A striking timber-framed rear addition features multiple outdoor decks, abundant storage, unfinished office space, and infrastructure for a future commercial passenger elevator, offering outstanding flexibility and enhanced ADA accessibility. The main level is home to Six Goats Tavern, showcasing soaring ceilings, exposed timber beams, hardwood floors, rustic finishes, abundant natural light, and an inviting open dining room centered around a full-service bar. The commercial kitchen efficiently supports high-volume food and beverage service. The second floor is ideally suited for weddings, banquets, corporate events, private gatherings, offices, or meeting space. An exceptional investment!

701 N 5th Street, Spearfish
$3,249,000
177291 MLS
Listed by Brian Gill, with CENTURY 21 ClearView Realty, (605) 641-3465. Introducing a versatile commercial investment opportunity with a very desirable location near all the medical facilities around Monument Health Hospital, known as the "Medical Mile". Exceptional functionality and great visibility off of Catron Boulevard just 1/2 mile from the Stumer Rd. Walmart. This attractive newer two year old property has a total of 17,400 sq. ft., with 10 units and runs 100% occupancy. Tenants are all high quality, well established businesses with long term leases and options to renew. Enjoy the passive income opportunity with the flexibility for either 100% multi-tenant occupancy, or partial rental income for an owner occupant. This location is poised to take advantage of the Catron Boulevard / 5th Street expansion that has been ongoing and will be ramping up in the near future. Each unit has both front and rear off street parking, with heated concrete zero entry front entrances, 14 ft. ceilings and a 12 ft. overhead door with an additional entrance in back. This is NOT a metal warehouse building. This is a high quality Business Park constructed conventionally with 2x8 walls and is extremely well insulated and energy efficient. It has 15 Security Cameras throughout the exterior of the property. Six out of the 10 tenants are medical related businesses with their own security system in place. Gas and electric services are metered separately, and water is divided among all the tenants at $40 monthly. Landscaped areas have a time saving drip system in place for convenience and ease of maintenance.

5626 Fargo Ln, Rapid City
$3,200,000
3 Beds ⋅ 2 Baths ⋅ 88857 MLS
TRUE BLACK HILLS HIDDEN TREASURE! A beautiful place to hang your heart! This heirloom-quality property is hard to do justice w/words! Unique, octagon artisan-style home highlights atrium roof, single-level living & is perfectly nestled on 40 acres w/a private FISHING POND lined w/gorgeous rock landscaping, Slate Creek meandering through & surrounded on 3 sides by USFS lands for a lifetime of exploring! Rare home design is a step back in time and features flexibility for the interior layout to be altered however one sees fit. Great-sized living rooms showcases a cozy brick-encased 2-sided fireplace & soaring wood-beamed ceiling. Welcoming kitchen & dining room w/walkout to an open patio. Soak in awe-inspiring sights from the 4-season enclosed porch, spanning the length of the home. Luxurious master suite w/full private bathroom. 2 more great-sized bedrooms & full guest bathroom. Oversized attached 2-stall garage has atrium roof too & would make an amazing family room. Also a 26x90 covered parking building w/2 enclosed stalls. Large patio w/firepit area & an adorable gazebo adorn the yard. The pond is naturally fed by the creek & abounds w/trout. Enormous 52x54 heated shop boasting a workspace, substantial loft which could easily serve as an additional living area (electrical already hooked up & stubbed for plumbing) & extra tall stall to support easy parking for a camper/RV up to 45 ft long. http://www.heartofthehillsestate.com/ Come look & bring your dreams in tow!

12099 Kaubisch Ranch Road, Hill City
$3,200,000
88359 MLS
Located in the heart of the Black Hills near Sturgis, No Name Luxury Campground & RV Park offers a rare opportunity to own a premier, resort-style destination in one of South Dakota’s most desirable recreational markets. Just minutes from downtown Sturgis with easy access to I-90 and nearby Deadwood, the property attracts consistent tourism and event-driven traffic. The campground features a versatile mix of full-service RV sites, tent camping, and furnished cabins. Spacious RV sites include full hook-ups with 30/50 amp service, designed to accommodate large rigs and extended stays. About 70 tent sites fit comfortably, 24 total cabins and 20 full RV hook-ups. Amenities include a heated pool, hot tub, bathhouse facilities, high-speed WiFi, on-site bar and grill, camp store,two coin-op laundromats and inviting common areas that enhance the guest experience and encourage repeat business. With established infrastructure, strong guest appeal, and a prime location in the Black Hills, this property presents a compelling investment opportunity with continued growth potential. Listed by Britney Routh (605)641-2447 or Victoria Davenport (605)580-7066. Give us a call today to set up a tour!

20899 Pleasant Valley Drive, Sturgis
$3,152,655
180128 MLS
Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. Only $2.50 per square foot! Discover 28.95 acres right next to the intersection of Highways 85 and 14A, situated within the city limits of Deadwood, SD. This exceptional site is perfect for a hotel, casino, lodge, convention center, amusement park, condo development, or even a combination of all these possibilities. This property stands out as the most visible commercial land in the heart of Deadwood's future development corridor. The sale is structured as a stock sale, with the land being the sole asset of the corporation Property is partially Broker owned.

TBD Hwy 14a, Deadwood
$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
$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. The property is being offered below its current appraised value. A copy of the appraisal is 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
$3,042,000
4 Beds ⋅ 175470 MLS
Lot 204 at Deer Mountain Village is ready for a home to be perched on the slopes, offering sweeping down-valley views of Raspberry Gulch and uphill vistas of Terry Peak. The Buckhorn, designed by Denton House Design Studio, blends mountain luxury with unmatched access to the outdoors. The homebuilding process has already been jump-started with schematic floor plans in progress, giving you a head start on realizing your mountain retreat. With a semi-custom home plan designed specifically for this lot, you’ll enjoy a faster build timeline while still having the ability to select curated finishes and stylistic details—combining the ease of a move-in-ready home with the personal touch of custom design. Whether you’re gathering around the fire after a day on the slopes, enjoying crisp mountain mornings from the covered deck, or entertaining friends in the game room, The Buckhorn delivers a lifestyle that’s both elevated and effortless. With its flexible floor plan and premium finishes, this home is as functional as it is breathtaking. Skiing, snowmobiling, hiking, biking, or fishing endless recreation is right outside your door with direct access to Forest Service land. Construction of the community clubhouse is underway, adding even more lifestyle perks at the base of the mountain. With municipal water, Black Hills Electric, high-speed fiber optic internet, and paved roads already in place, everything is ready for your vision to come to life. Deer Mountain Village isn’t just a destination it’s a legacy. As one of the only private, all-season communities in the country, it’s perfect for families seeking both adrenaline and serenity. Let’s build your legacy… your mountain escape awaits.

Lot 204 Deer Mountain Deer Mountain Village, Lead
$3,042,000
4 Beds ⋅ 6 Baths ⋅ 85875 MLS
Lot 204 at Deer Mountain Village sits ready foe a home to be perched not the slopes with sweeping down-valley views to Raspberry Gulch and uphill vistas of Terry Peaks, The Buckhorn, Designed by Denton House Design Studio blends mountain luxury with unmatched access to the outdoors. The homebuilding process has already been jump-started, with schematic floor plans in progress giving you a head start towards realizing your mountain retreat With a semi-custom home plan designed specifically for you this lot, you'll enjoy a faster build timeline with the ability to choose curated finishes and stylistic details combining the ease of a move-in-ready home with the personal touch of custom design. Whether you're gathering around the fire after a day on the slopes, enjoying crisp mountain mornings form the covered deck, or entertaining friends in the game room, The Buckhorn delivers a lifestyle that's both elevated and effortless. With its flexible floor pan and premium finishes, this home is as function sit is breathtaking. Whether it's skiing, snowmobiling, hiking, biking, or fishing endless recreation is right outside your door with direct access to Forest Service land. Construction of the community clubhouse is underway, bringing even more lifestyle perks to the base of the mountain. With municipal water, Black Hills Electric, high-speed fiber optic internet, and paved roads already in place, everything is ready for your vision to come to life.

Lot 204 Deer Mountain Road, Lead
$3,000,000
180386 MLS
Centrally located with high visibility, you can't miss this commercial building and the businesses that occupy it. Located in the Gap with easy access from Omaha st or Main st. this property has a large private parking lot that is fully fenced. The building currently has 4 separate businesses occupying the space. Providing in-place income with remaining lease-up or owner-user flexibility. The building was completely renovated in 2019 from a gold jewelry manufacturing warehouse. Leases available upon request with signed NDA. Please contact Tiffany Knight with Re/Max Results 605-393-5725

412 Oshkosh, Rapid City
$3,000,000
87189 MLS
New construction industrial warehouse located on Seger Drive in Box Elder, SD. The 16,000 SF steel-frame building sits on 1.91 acres and is zoned Light Industrial, supporting a wide range of warehouse, distribution, and service uses. The building features 20' sidewall height, two 14’ x 14’ grade-level overhead doors, three-phase power, a concrete parking lot, and a 1,200 SF office buildout. The interior floor has not yet been poured, allowing flexibility for layout, floor drains, and additional plumbing based on user needs. The floor will be poured prior to occupancy or closing. 25' of foundation was poured on the southeast corner of the building to allow for the easy addition of loading docks. Additional land on the south side of the building provides space for outdoor storage or future expansion. The property is available for sale at $3,000,000 or for lease at $9.75/SF/YR NNN and is positioned for near-term occupancy. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Dan Logan at 605-569-7980.

4651 Seger Drive, Box Elder
$3,000,000
177126 MLS
New construction industrial warehouse located on Seger Drive in Box Elder, SD. The 16,000 SF steel-frame building sits on 1.91 acres and is zoned Light Industrial, supporting a wide range of warehouse, distribution, and service uses. The building features 20' sidewall height, two 14’ x 14’ grade-level overhead doors, three-phase power, a concrete parking lot, and a 1,200 SF office buildout. The interior floor has not yet been poured, allowing flexibility for layout, floor drains, and additional plumbing based on user needs. The floor will be poured prior to occupancy or closing. 25' of foundation was poured on the southeast corner of the building to allow for the easy addition of loading docks. Additional land on the south side of the building provides space for outdoor storage or future expansion. The property is available for sale at $3,000,000 or for lease at $9.75/SF/YR NNN and is positioned for near-term occupancy. For additional information or to schedule a showing, contact Chris Long at 605-335-8100 or Dan Logan at 605-569-7980.

4651 Seger, Box Elder
$2,998,000
89505 MLS
Prime investment opportunity at 1430 North Haines Avenue in Rapid City’s established commercial corridor! This well-located office/retail center sits on 1.22± 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
$2,963,000
85232 MLS
Here it is! TURN KEY BLACK HILLS CAMPGROUND! Incredible Sturgis/Adjacent location. Easy Access, High Visibility, Views. Tons of potential for year round rentals. 14 Cabins (with full utilities), 162 campsites, nearly unlimited tent sites, shop, 2 residences and a Gorgeous Full Service Pavilion! 40.38 deeded acres and approximately 42 leased acres. New paved access road under construction. City services to the lot line in the near future. Sign easement will be on Avalanche Road also. RALLY RESERVATIONS ARE EXCELLENT! You have to see this Place!!! Call Mike Percevich, Real Properties of Lead-Deadwood - 605-645-3210 to see.

2881 Avalanche Road, Sturgis
$2,950,000
87258 MLS
For more information, please contact listing agents Rick Weller with Northern Hills Real Estate Company 605-641-1987 or Carmen Almanza with Skyline Properties & Realty 605-939-9498 Extremely rare development property just off St Onge Road near Spearfish. All paved roads to main property!! Excellent Building sites with spectacular views. 90 Acres zoned A-2 and 41 Acres Zoned A-1. Property has endless opportunities. Call today! Buyer is responsible for verifying all information on this MLS document. Broker Owned.

TBD St. Onge Road, Spearfish
$2,911,223
81633 MLS
For more information contact listing agents Polly Jones 605-645-6758 or Ashlee Cvach 605-645-2240 Cvach & Jones Realty, LLC. This commercial development property, zoned highway service commercial with high visibility, from interstate I-90, and easy access off Exit 14, Spearfish. South end of property borders I-90 right of way, West property boundary is bordered by Wal-Mart and the N boundary is bordered by Les Schwab Tire Center. All city services are accessible to this site, as well as electricity and natural gas. This district is made up of retail, other commercial and industrial properties as well, generating considerable volumes of vehicle traffic. There has been significant growth in this area of Spearfish and the surrounding. A rare opportunity to own this commercial site.

TBD 1st Avenue, Spearfish
$2,900,000
89728 MLS
Unmatched Black Hills serenity on 55 secluded acres! Fully surrounded by USFS lands and highlighted by picturesque spring fed ponds. One of a kind property located outside Custer city limits with NO Covenants. Multiple prime building sites, perimeter fencing, electric on site, reliable cell service all with that 'middle of the woods' feeling! Experience unbeatable commanding views of the Southern Hills, including iconic Buckhorn Mountain right in your backyard! Wildlife thrives here: elk, deer, mountain goats, bobcats, turkeys, raptors, geese, and more. The historic Mickelson Trail is easily accessible just feet away. A rare offering of beauty, privacy, and limitless potential. Secure your legacy property today!

12325 Bonanza Road, Custer
$2,899,000
6 Beds ⋅ 7 Baths ⋅ 88977 MLS
A basketball court. A private pool. Nearly 17 acres of Black Hills sky. This isn't a home you settle into it's one you never want to leave. Contact Cher Rhoades @ Oak & Key Realty 605.639.1158 for your Private Tour. Set on 16.85 acres above Spearfish, this is the kind of home you feel before you fully understand it. The drive in sets the tone the Black Hills rising in every direction, the log and stone entry coming into view like an arrival that was always meant to happen. Inside, nearly 8,000 sq ft unfolds with quiet confidence. The two-story great room anchors the space hand-laid Rumford stone fireplace, floor-to-ceiling windows, knotty alder built-ins, and craftsmanship you notice without being able to stop noticing it. The kitchen is where mornings begin slowly and evenings stretch long commercial gas stove, pot filler, granite bar, and a wall of windows that slides open so the breeze off the hills becomes part of every meal. Then there is the basketball court. Full size - Half Court, indoors, all yours. Below, an overhead glass door opens the lower level completely to a private in-ground pool the sky wide above it, the hills uninterrupted. This is where summers live. 6 beds · 6.5 baths · 4+ car garage · 16.85 acres. And the rare, certain feeling that you have found exactly what you were looking for.

19964 Merriam Loop, Spearfish
$2,899,000
6 Beds ⋅ 179361 MLS
A basketball court. A private pool. Nearly 17 acres of Black Hills sky. This isn't a home you settle into, it's one you never want to leave. Contact Cher Rhoades @ Oak & Key Realty 605.639.1158 for your Private Tour! Welcome to 19964 Merriam Loop, Set on 16.85 private acres above Spearfish, this is the kind of home you feel before you fully understand it. The drive in sets the tone winding through the land, the Black Hills rising in every direction, the log and stone entry coming into view like an arrival that was always meant to happen. Inside, nearly 8,0000 square feet unfolds with the quiet confidence of a home that was never rushed. The two-story great room draws you in a hand-laid Rumford stone fireplace anchoring the space, floor-to-ceiling windows turning the Black Hills into the backdrop of your daily life. Knotty alder built-ins, custom finishes, craftsmanship that you notice without being able to stop noticing it. The kitchen is where mornings begin slowly and evenings stretch long. A commercial gas stove, pot filler, hidden walk-in pantry, and an oversized granite bar and a wall of windows that slides fully open, so the breeze off the hills becomes part of every meal. Then there is the basketball court. Full Size half court, indoors, all yours. The kind of amenity that makes guests go quiet for a moment before they start smiling. Below, the lower level opens completely through an overhead glass door a private in-ground heated pool waiting just beyond the threshold, the sky wide above it, the hills uninterrupted in every direction. This is where summers live. Where the line between inside and outside stops mattering. Six bedrooms. Six and a half baths. A 4+ car garage. Nearly 17 acres of Black Hills land. And the rare, certain feeling that you have found exactly what you were looking for.

19964 Merriam Loop, Spearfish
$2,890,000
179033 MLS
Deadwood’s #1 rated hotel on Google — and it’s for sale. The Cedar Wood Inn is a rare, turnkey boutique hospitality asset in the heart of Historic Deadwood, steps from the city’s world-famous casinos, restaurants, bars, live entertainment, and nightlife. Guests enjoy the full Deadwood experience by night and return to a beautifully landscaped, peaceful retreat by morning — a balance of access and escape that no new-build can replicate, and no competitor in this market can offer. 24 well-appointed guest rooms spanning queen, king, double, and premium suite configurations. A three-bedroom manager’s apartment connected directly to the front office — live on-site and operate the business with zero commute, or house your property manager just steps from the front desk. A four-stall garage at the rear of the property for equipment storage, vehicles, or premium covered parking during high-traffic events. A city trolley stop is positioned directly at your front door. The reputation arrives with the keys. Deadwood’s #1 rated on Google. Numerous awards across TripAdvisor, Booking.com, Expedia, and Hotels.com. Hundreds of verified five-star reviews. A deeply loyal guest base that returns every single season without prompting. Platform authority and algorithmic rankings that drive organic bookings without any paid advertising — and compound in value every single year you hold this remarkable asset. Within an hour: Mount Rushmore, Crazy Horse Memorial, Custer State Park, Jewel Cave National Monument, and Spearfish Canyon Scenic Byway. The Sturgis Motorcycle Rally is just minutes away. Exceptional year-round regional draw with consistent, year-round revenue potential. This is not a turnaround story. This is not a renovation project. This is a fully operating, award- winning, reputation-rich boutique inn with an irreplaceable downtown Deadwood location and everything a serious buyer needs already built. Listed by Josiah LaFrance with L'Avance Capital and Real Estate- 605-786-3098

103 Charles, Deadwood
$2,812,887
178326 MLS
Excellent Commercial Property fronting East Mall Drive.

E Mall Dr, Rapid City
$2,800,000
87942 MLS
Opportunity is knocking! $7000 per acre in the Black Hills! 400 Stunning Acres Near Hermosa – Breathtaking Views & Ultimate Privacy. Discover this exceptional 400-acre property just southwest of Hermosa. Easily accessible yet incredibly private, this land offers sweeping panoramic views—including a rare vantage point where you can see Mount Rushmore right from the top. A cozy 16' x 20' cabin, built in 2017, provides the perfect retreat to relax and take in the natural surroundings. Watch abundant wildlife roam the property, including a resident elk herd. The property is fully equipped with well, septic, and electric already in place. It is entirely perimeter fenced and cross-fenced, making it ideal for livestock or recreational use. Enjoy a beautiful mix of open pastures and gently sloping hillsides, accented by scattered Ponderosa Pine, Oak, and vibrant wildflowers. Multiple premium building sites offer incredible views in every direction. Conveniently located just off Highway 79 and only 22 miles from Rapid City, this property combines seclusion with accessibility. Price: $7000 per acre MLS #87942 Total Price: $2,800,000 For more information or to schedule a showing, call or text Carol at 605-440-0466.

Hermosa
$2,799,000
5 Beds ⋅ 4 Baths ⋅ 89032 MLS
Rarely does an opportunity arise to own nearly 38 acres on the highly coveted waters of Spearfish Creek. Combining a beautifully maintained custom home, year-round live water, abundant wildlife, exceptional privacy, and future development potential. Privately tucked behind a custom overhead entrance and accessed by paved roads, this remarkable estate has been owned and meticulously cared for by the same family for more than 30 years. Situated just minutes from Spearfish, the property offers the perfect balance of convenience, seclusion, and natural beauty. The beautifully constructed 4,840-square-foot residence was thoughtfully designed to maximize both comfort and the spectacular surroundings. Featuring 5 bedrooms and 4 bathrooms, the home offers generous living spaces, open beam construction, and timeless craftsmanship throughout. Granite countertop islands anchor the kitchen and gathering areas, while two jetted tubs provide luxurious comfort after a day spent enjoying the Black Hills. Large windows frame stunning views of the surrounding landscape, bringing the beauty of the outdoors into every season. The home’s full walkout basement creates a seamless transition between indoor and outdoor living. An expansive deck overlooks the creek and backyard from the main level, while a massive lower-level patio provides the perfect space for entertaining family and friends or simply enjoying the peaceful sounds of flowing water.

616 Rio Drive, Spearfish
$2,750,000
180323 MLS
This property provides the diverse mix of productive irrigated hayland coupled with Cheyenne River fishing, river breaks hunting and winter livestock grazing all on a 373 acre footprint! Acreage: The property consists of 373+/- acres, of which 143 is pivot irrigated, 15 acres established as wildlife food plots with the balance in native grass and river breaks The property is comprised of rugged Cheyenne River breaks, with timber and brush lined draws leading to productive irrigated hay land, all making up the Cheyenne River Valley. The ranch has been owner operated by the Stombaugh family for generations and has received the highest level of care and stewardship. The operation has consisted primarily of commercial alfalfa hay production selling hay either locally or regionally. There are no leases currently on the property. If the new owner had an interest in negotiating a Lease, there are a number of local producers that would be potential tenants. The major soil type in the hay production area is Baca silt loam and Nunn loam. The balance of the soils include Altvan loam, Glenberg fine sandy loam, Lohmiller silty clay and Pierre-samsil clay. The water resources on the property are abundant, flowing from several natural springs located on the property and from nearly 1 mile of the Cheyenne River. The property hold senior water rights both on the natural springs and the Cheyenne River. The property is unimproved with the exception of the irrigation system and infrastructure. The ranch may be directly accessed by Riverside Rd (County Rd #656) and 148th St., well maintained Custer County. Legal: Township 6 South, Range 9 East, BHM, Custer County, South Dakota Sec. 30: E2SW4, NW4SE4 & Lot 5, Cheyenne Breaks Subd Lot 1 of SW4NE4 (Located Within Angust Project Unit #102) SE4NW4, Lots 2 less a parcel to be subdivided from the NW corner of Lot 2 measuring 350’ (running east and west) and 100’ (running north and south), Lot 3, Lot #4. Sec. 31: Gov Lots 1, 2, 3

Not Applicable, Buffalo Gap
$2,720,040
175754 MLS
Among the most rare and unique properties you'll ever have the opportunity to own! 47.72 acres of pristine land that's tucked within Black Hills National Forest, where Rapid Creek and Silver Creek collide and wrap its way throughout the area, and just received final approval from FEMA to remove most of flood zone from property. Several buildings sites to choose from that overlook the creek, a few sites sit atop a beautiful hill, lush and healthy land, has a great well, offers both overhead and underground electrical, no covenants, paved road to property entrance, fiber internet along Rochford Rd for great service, borders Mickelson Trail with access to all types of outdoor activities, has an existing mobile home you could restore or remove, newly built road that leads directly to the mobile home, and a new bridge that allows access (for the first time ever) to an untouched piece of land. This property is an absolute dream come true!

11755 Rochford Rd, Hill City
$2,720,040
86109 MLS
Among the most rare and unique properties you'll ever have the opportunity to own! 47.72 acres of pristine land that's tucked within Black Hills National Forest, where Rapid Creek and Silver Creek collide and wrap its way throughout the area, and just received final approval from FEMA to remove most of flood zone from property. Several buildings sites to choose from that overlook the creek, a few sites sit atop a beautiful hill, lush and healthy land, has a great well, offers both overhead and underground electrical, no covenants, paved road to property entrance, fiber internet along Rochford Rd for great service, borders Mickelson Trail with access to all types of outdoor activities, has an existing mobile home you could restore or remove, newly built road that leads directly to the mobile home, and a new bridge that allows access (for the first time ever) to an untouched piece of land. This property is an absolute dream come true!

11755 Rochford Road, Hill City
$2,700,000
83198 MLS
Development land located at Interstate 90 Exit 52 in Black Hawk, offering strong interstate visibility and direct access from Peaceful Pines Rd. The property totals 26.13 acres with relatively flat terrain supporting a range of commercial, industrial, residential, or mixed-use development opportunities. Utilities including water, electric, and natural gas run along Norman Ave, and the property is located in Meade County with no zoning, allowing flexible development. The site sits just south of the planned Highlands at Norman Ranch subdivision, a 300+ acre master-planned housing community currently under development. The property is offered as the entire 26.13-acre site for $2,700,000, or as two parcels: Parcel 20.05.433 (16.82 acres) offered at $1,800,000 and Parcel 20.05.341 (9.31 acres) offered at $900,000. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980 or Chris Long at 605-335-8100.

TBD Norman Avenue, Black Hawk
$2,700,000
172394 MLS
Development land located at Interstate 90 Exit 52 in Black Hawk, offering strong interstate visibility and direct access from Peaceful Pines Rd. The property totals 26.13 acres with relatively flat terrain supporting a range of commercial, industrial, residential, or mixed-use development opportunities. Utilities including water, electric, and natural gas run along Norman Ave, and the property is located in Meade County with no zoning, allowing flexible development. The site sits just south of the planned Highlands at Norman Ranch subdivision, a 300+ acre master-planned housing community currently under development. The property is offered as the entire 26.13-acre site for $2,700,000, or as two parcels: Parcel 20.05.433 (16.82 acres) offered at $1,800,000 and Parcel 20.05.341 (9.31 acres) offered at $900,000. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980 or Chris Long at 605-335-8100.

TBD Norman Ave, Black Hawk
$2,699,000
6 Beds ⋅ 179415 MLS
Nestled on 3.0 acres with minimal covenants, this remarkable property offers a rare combination of spacious living, flexibility, and investment opportunity. Featuring 6 bedrooms, 5.5 bathrooms, a stunning stucco exterior with brick accents, a durable metal roof, and an attached 3-car garage, this property is designed to impress from the moment you arrive. Enjoy peaceful mornings and beautiful evenings from the expansive wrap-around porch that surrounds the home, providing the perfect space to relax and take in the surrounding views. Inside, the main floor offers a spacious kitchen designed for gathering and entertaining, complete with an informal breakfast nook and a separate formal dining area. The thoughtful layout provides ample space for everyday living while accommodating larger gatherings with ease. The home also offers an incredibly versatile upstairs arrangement. Three of the bedrooms feature their own private entrance and are accompanied by a full kitchen and additional bathroom, creating an ideal setup for guests, multi-generational living, extended stays, or rental income opportunities. The opportunities continue outside with an impressive 60' x 104' outbuilding, currently operating as Kiwi Vacation Rentals. Whether you continue its current use, expand your investment portfolio, or utilize the space for storage, events, workshops, or business operations, the possibilities are endless.

5310 Airport Rd, Spearfish