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For sale
  • Price cut: $100K (3/3)
    $2,800,000

    515 S Rainbow Rd, Spearfish, SD 57783

    3beds
    1,170sqft
    : 
    Site Built
    Built in 1920
    79.68 Acres Lot
    $2,557,500 Zestimate®
    $2,393/sqft
    $-- HOA

    What's special

    High-visibility property
    An exceptional investment opportunity awaits with this 79.68-acre property on Colorado Blvd. in Spearfish, South Dakota. Perfectly positioned between the City of Spearfish and the Spearfish Sports Complex at Exit 17, this expansive parcel offers unmatched potential for commercial, industrial, or residential development. This property has electricity, city water, fiber optic cable and phone lines. Located just south of Spearfish Airport at the intersection of Colorado Blvd and Rainbow Rd., this high-visibility property boasts easy access to major transportation routes, making it ideal for businesses, residential, or mixed-use projects. With Spearfish's rapid growth and thriving economy, this is a rare chance to secure a premier piece of land in a sought-after location. Whether you're looking to expand your business, develop a residential neighborhood, or invest in the future of Spearfish, this property is an incredible opportunity. Don’t miss out—contact us today to explore the possibilities! Call Listing Agents Casey Raftevold | 605-863-5282 | or Heath Gran at 605-209-2025 with Great Peaks Realty for more information.
    81 days
    on Zillow
    |
    384
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 06, 2025 at 05:04pm

    Listed by:

    Casey Raftevold,

    Great Peaks Realty,

    Heath Gran,

    Great Peaks Realty

    Source: Mount Rushmore Area AOR,MLS#: 83023MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 515 S Rainbow Rd.

    Next available tour time:Today at 7pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Window Evap.
    Appliances
    • Laundry: Main Level
    Features
    • Flooring: Carpet, Laminate
    • Windows: Single Hung
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,170 sqft

    Property

    Parking
    • Parking features: No Garage, Other
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Deck
    Lot
    • Size: 79.68 Acres
    • Features: Few Trees
    Details
    • Additional structures: Shed(s), Outbuilding
    • Parcel number: 210000060320130
    • Zoning description: Lawrence County Zoning: General Agricultural
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Site Built
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Year built: 1920

    Community & HOA

    Location
    • Region: Spearfish

    Financial & listing details

    • Price per square foot: $2,393/sqft
    • Tax assessed value: $174,501
    • Annual tax amount: $1,750
    • Date on market: 2/4/2025
    • Listing terms: Cash,New Loan
    • Road surface type: Paved, Unimproved
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