Estimated payment $16,767/month
About This Lot
Tall Tines Trophy Properties is proud to present an exceptional 40 acre development opportunity strategically located in one of the fastest-growing areas of Spearfish, South Dakota. Positioned near the highly visible intersection of East Colorado Boulevard and South Rainbow Road, this property sits between the City of Spearfish and the rapidly expanding Sky Ridge development, offering outstanding potential for investors, developers, and commercial users seeking a premier location in the Northern Black Hills. The property's location near Interstate 90 Exit 17 provides outstanding accessibility while benefiting from the continued residential and commercial growth occurring throughout the surrounding area. The aerials illustrate the property's proximity to I-90, the Sports Complex, and existing development, highlighting its position within one of Spearfish's most active growth corridors.
Recognized by the City of Spearfish as part of a key development corridor, the East Colorado Boulevard area is planned to accommodate a diverse mix of commercial, residential, and mixed-use projects. Neighboring properties include commercial zoning and Development Review District (DRD) designations, creating flexibility for a wide variety of future development opportunities. Whether your vision includes retail, hospitality, professional office space, multi-family housing, or mixed-use development, this property offers an outstanding foundation for long-term investment.
Infrastructure continues to strengthen the property's value. A 12-inch municipal water main is located along East Colorado Boulevard, while fiber optic communications and telephone service are readily available nearby. The City of Spearfish is investing heavily in the area's future through planned sewer improvements, including upgrades to the Elkhorn Ridge lift station, along with the Colorado Boulevard Widening Project, which will enhance traffic flow, improve access, and accommodate continued growth with additional turn lanes, bicycle lanes, and roadway improvements.
Few development opportunities combine location, visibility, accessibility, and long-term growth potential as effectively as this offering. Situated adjacent to the rapidly expanding Sky Ridge neighborhood and the regional Sports Complex, which attracts thousands of visitors annually for athletic events and tournaments, this property benefits from a growing customer base and increasing demand for commercial services. With Spearfish continuing to experience strong population growth, economic expansion, and sustained development activity, this 40 acre tract represents an exceptional opportunity to invest in one of western South Dakota's most desirable markets.
Features
40 acres of premier development land in one of Spearfish's fastest-growing commercial and residential corridors.
Strategically located near Interstate 90 Exit 17 with excellent access to East Colorado Boulevard, South Rainbow Road, the Sky Ridge development, and the Spearfish Sports Complex.
Outstanding investment and development potential with opportunities for commercial, mixed-use, multi-family, retail, office, or hospitality projects.
Infrastructure nearby, including municipal water, fiber optic communications, planned sewer improvements, and the Colorado Boulevard widening project to support future growth.
Exceptional visibility and long-term appreciation potential in a thriving Black Hills community experiencing continued residential, commercial, and economic expansion.
Area Information
City of Spearfish
Visit Spearfish
Lawrence County, SD
Listing Agent
Tall Properties
Tall Tines Trophy Properties License #18342 Listed on: 07/13/2026
Property Details
Property Type
- Land
Lot Details
- Current uses include commercial
- Potential uses include for development
Utilities
- Phone Available
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | Pending | -- | -- | -- |
| 07/13/2026 07/13/26 | For Sale | $2,600,000 | -- | -- |
- 301 Aquila Ave
- 388 Centauri Ave
- L7B4 Centauri Ave
- L22B5 Centauri Ave
- 0 E Colorado Blvd
- Tbd E Colorado Blvd
- Tbd Centennial Rd
- Lot 1 Duke Pkwy
- Lot 1 Duke Pkwy
- TBD Lot 15 Duke Pkwy
- Lot 10 Block 14 Duke Pkwy
- Lot 11 Block 14 Duke Pkwy
- 7701 Brooks Loop
- Lot G9R Drake Ct
- 8017 Brooks Loop
- 7738 Brooks Loop
- TBD lot 9 Brooks Loop
- 7746 Brooks Loop Unit Lot 8 Blk 11
- 7762 Brooks Loop
- 8040 Brooks Loop
Ask me questions while you tour the home.