515 S Rainbow Rd Spearfish, SD 57783
Estimated payment $15,600/month
Highlights
- Meadow
- Pasture
- Level Lot
- Farm
About This Home
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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $1,632
Year Built
- Built in 1920
Lot Details
- Dirt Road
- Level Lot
- Meadow
Home Design
- Farm
- Stick Built Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Farming
- Farm
- Pasture
Utilities
- 1 Water Well
- On Site Septic
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,632 | $197,130 | $82,320 | $114,810 |
| 2023 | $1,643 | $184,500 | $80,370 | $104,130 |
| 2022 | $1,750 | $213,953 | $80,040 | $133,913 |
| 2021 | $1,795 | $182,933 | $0 | $0 |
| 2019 | $1,758 | $175,870 | $82,400 | $83,470 |
| 2018 | $1,780 | $157,370 | $0 | $0 |
| 2017 | $1,745 | $158,310 | $0 | $0 |
| 2016 | $1,728 | $151,430 | $0 | $0 |
| 2015 | $1,728 | $144,290 | $0 | $0 |
| 2014 | $1,655 | $116,540 | $0 | $0 |
| 2013 | -- | $107,470 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Price Changed | $1,700,000 | -5.6% | $1,453 / Sq Ft |
| 02/06/2025 02/06/25 | For Sale | $1,800,000 | -35.7% | $1,538 / Sq Ft |
| 02/06/2025 02/06/25 | For Sale | $2,800,000 | 0.0% | -- |
| 02/04/2025 02/04/25 | For Sale | $2,800,000 | 0.0% | -- |
| 02/04/2025 02/04/25 | For Sale | $2,800,000 | -- | $2,393 / Sq Ft |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 83044
APN: 21000-00603-201-30
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