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515 S Rainbow Road

Spearfish, SD 57783
  • $2,800,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 83023
UPDATED: 65 min ago
$2,800,000
  • 3
    BEDS
  • 79.68
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,170
    SQFT
  • $2,393
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
Area:

School Ratings & Info

School District:

Description

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. Dont 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.

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© 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tim Hoffman | Keller Williams Realty Black Hills. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Tim Hoffman | Keller Williams Realty Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2025-03-15T19:44:57.
www.blackhillshomefinder.com/homes/160024322
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515 S Rainbow Road Spearfish, SD 57783

  • Price: $2,800,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 65 min ago
  • MLS #: 83023
3
Beds
1
Baths
0
½ Baths
79.68
Acres
1,170
SQFT
$2,393
$/SQFT
1920
Built
Neighborhood:
Spearfish
Area:
Spearfish
School District:
Spearfish
Property Description
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. Dont 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.
Exterior Features

Construction Frame Exterior Features Paved StreetUnpaved StreetShedOutbuildings Garage None Garage Type Other Lot Description Partially Wooded Lot Size 79.68 acres Patio Deck Open Deck Roof Composition Style Two Level

Interior Features

Air Conditioning YN Yes Basement No Basement Substructure Crawl Space Cooling Window Evap. Fireplace YN No Heating Natural GasForced Air Interior Features CarpetLaminate Flooring Main Floor Laundry Yes

Property Features

Auction YN No Covenants No Documents On File Property Disclosure Flood Plainy NU Unknown For Sale Or Rent For Sale Horses Allowed YN Yes Modular No Owner Finance YN No Pets Allowed YN Yes Possession Extra ImmediateNegotiable Residential Property Type Site Built Subdivision YN No Terms CashNew Loan

[Mount Rushmore Area Association of Realtors] logoListing information © 2025 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Casey Raftevold of Great Peaks Realty: 605-717-7325.



© 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tim Hoffman | Keller Williams Realty Black Hills. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Tim Hoffman | Keller Williams Realty Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2025-03-15T19:44:57.
 
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Tim Hoffman | Keller Williams Realty Black Hills
2401 W Main St. Suite #1
Rapid City SD, 57702