794,970 sqft

$4,400,000

TBD ELK VALE RD, Rapid City SD, 57703

Price per sqft$5.53

Property size794,970 sqft

Property typeCommercial

Overview

Active

Listed Oct 27, 2026

Updated 8 days ago

LOCATION! LOCATION! LOCATION! 2 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale & Jubilee and Jolly & Twilight, next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent nearly 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 level and, per the facts of the matter, there were communications about a TIF with the county. Multiple access points mean plenty of layout options. Thriving commercial opportunity, buzzing with opportunity of what could be! 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! Property closing will need to be contingent on Platting and approval of TIF to get utilities on site.

Listed by Faith Lewis with Lewis Realty
Listing Contact:

The IDX display contains information sourced from the Black Hills Association of REALTORS® as of 10/28/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/28/2026 at 5:04 AM UTC