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515 S Rainbow Road

Spearfish, SD 57783
  • $1,700,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 83056
UPDATED: 37 min ago
$1,700,000
  • 3
    BEDS
  • 39.68
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Farm
Built:
1920
Area:

School Ratings & Info

Description

An exceptional investment opportunity awaits with this 39.68-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! Adjacent 40 acre parcel can also be purchased, see MLS 83023. 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: 2025-03-17T20:44:43.413.
www.blackhillshomefinder.com/homes/160114339
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515 S Rainbow Road Spearfish, SD 57783

  • Price: $1,700,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 37 min ago
  • MLS #: 83056
3
Beds
1
Baths
0
½ Baths
39.68
Acres
1920
Built
Neighborhood:
Spearfish
Area:
Spearfish
Property Description
An exceptional investment opportunity awaits with this 39.68-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! Adjacent 40 acre parcel can also be purchased, see MLS 83023. Call Listing Agents Casey Raftevold | 605-863-5282 | or Heath Gran at 605-209-2025 with Great Peaks Realty for more information.
Exterior Features

Home Type Mobile HomeStick Built Home Land Description CRP AcreageFarm LandPasture Livestock Water Well(s) Road Surface Dirt/ClayGravel Topography LevelRollingSloping

Interior Features

Residence Approx Sq Ft 1170

Property Features

Access Public Access Auction YN No County Lawrence Documents On File Legal DescriptionAerial PhotoTopography MapFinancialsPhotographsProperty Disclosure Farm Property Type Farm & Ranch Flood Plainy NU Unknown For Sale Or Rent For Sale Improvements Fenced PerimeterEquipment BuildingLivestock BuildingMetal BuildingShedShopTrees Modular YN No Possession ImmediateNegotiable Short Sale No Terms Of Sale CashCash to Loan Utilities Electric BHPL Utilities Gas MDU Utilities Sewer Septic Utilities Water City Will Divide Will Divide

[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: 2025-03-17T20:44:43.413.
 
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Tim Hoffman | Keller Williams Realty Black Hills
2401 W Main St. Suite #1
Rapid City SD, 57702