Property Information
List Price $250,000
Zoning General Commercial
County Pennington
Acres 0.96
Property Overview
This exceptional commercial lot at Exit 61 offers a prime development opportunity in one of Rapid City's top-performing retail corridors. The flat lot is fully equipped with all necessary infrastructure and is strategically positioned just off Cheyenne Blvd, which will soon connect Box Elder to Elk Vale Rd—enhancing accessibility and future growth potential. Surrounded by national brands including McDonald’s, Taco Bell, Arby’s, and Marco’s Pizza, the property is also within walking distance of six hotels, making it an ideal location for retail, dining, or service-oriented businesses. Exit 61 consistently delivers a strong mix of local and tourist traffic, ensuring excellent visibility and high customer engagement. Don’t miss this opportunity to secure a premier commercial location in Rapid City’s thriving business hub!
Highlights
Zoned General Commercial
Situated at Exit 61, one of Rapid City’s top-performing retail corridors
Flat lot with all infrastructure in place, conveniently located off Cheyenne
Ideal location for retail, dining, or service businesses
Parcel ID: 21 34 101 008
Acres: 0.96
Tax ID: 66455
Taxes (2024): $2,843.62, Special Assessments: $16.73
Legal Description: HEARTLAND RETAIL CENTER; BLOCK 2; LOT 4 Township 2 North, Range 8 East, Section 34
Utilities: Water & Sewer (Rapid City), Electric (West River Electric), Gas (Montana-Dakota Utilities)
Listing Agent
Commercial Broker
Chris began his career in Denver, CO as a research associate for The Meyers Group. During his time in this position, he led the new development research group and published monthly reports on sales trends and absorption rates in the local market.In 2003 he joined UDR, Inc., a national real estate investment trust focused on the multifamily sector. During his tenure with UDR, he held positions of financial analyst, operational strategist and 4 years as Director of Pricing and Revenue Management. Chris led a team in a nationwide rollout of yield management software for over 230 properties which led to industry wide adoption and industry leading revenue growth.After moving to South Dakota in 2010, Chris joined Sandra Runde and formed the only team in Western South Dakota solely focused on commercial real estate sales and leasing. Over the past 12 years, the KW Commercial team has led the market in both commercial sales and commercial leasing volume. In the last 3 years his team has sold and leased nearly $200 Million in real estate placing them #1 in the North Central Region and ranked in the top 10 for KW Commercial nationwide.
