USD $2,800,000

515 S Rainbow Road, Spearfish, SD, 57783

Save

Share

Listing Courtesy of Great Peaks Realty

3 Bd

1 Ba

1,170 sq.ft

MLS#: 83044

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.

Listing Highlights

Subtype
Farm
Price Per Sq Ft
$2,393.16
Living Area (Sq Ft)
1,170 sq.ft
Lot Size Acres
79.68
County
Lawrence

Property Details

Interior Features
Utilities
Water Source
Public
Sewer
Septic Tank
Exterior Features
Lot Features
Level, Sloped
Construction
Property Type
Farm
Property Subtype
Farm

Location

SD
Spearfish
57783
Lawrence
515 S Rainbow Road

Payment Calculator

Enter your payment information to receive an estimated monthly payment

Home Price

Down Payment

Mortgage Loan

Year Fixed

Your Monthly Payment

$16,340.04

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Updated: May 21, 2025 1:30 PM

Listing Highlights

Subtype

Price Per Sq Ft

Living Area (Sq Ft)

Lot Size Acres

County

Property Details

Bedrooms

Location

Payment Calculator

$16,340.04