Phillip Olsen

Black Hawk SD

OLSEN REAL ESTATE

53 Closed Sales

$22.7M Total Value

$79.9K - $1.6M Price Range

$428.6K Average Price

Prior 5 years

About Phillip

I have focused my career in real estate development for over 45 years now. This career path has given me the experience my clients expect when they are selling or acquiring their specialized property. I am experienced at project strategy and regulatory submittals so I can explain your options based on each different Black Hills community.
By far the largest impediment to any privately driven and successful real estate project is dealing with many different layers of regulatory in city, county, federal and the lender environment. My approach to this is backed by my years of first hand experience taking personal financial risk with projects and then backing my words with action and delivery.
Common sense must be applied to discussion surrounding ordinances but at the end of the day they are ordinances. Consideration must be given at the administrative level to achieve flexibility and to be willing to determine the best solution to move any project forward.
From my perspective today, the skill sets I bring to a business or project are with creative solutions to problem solving, creating projects that are new and different that hit the target market, negotiating, real life budgeting tied to conservative cash flow pro forma, a more matured focus, honesty and integrity.
Give me a call and we can get started on making your sale or acquisition successful.

Home Types: Lot/Land, Commercial, House, Townhouse, Condo, Manufactured

Years of Experience: 33

Education: Black Hills State University, Spearfish, SD

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	8
Total Value	$4,970,000
Average Sale Price	$621,250
Price Range	$260K - $1.5M

Buyer Deals
Total Deals	1
Total Value	$405,000
Average Sale Price	$405,000

Seller Deals
Total Deals	14
Total Value	$8,420,500
Average Sale Price	$601,464
Price Range	$101K - $1.5M

Buyer Deals
Total Deals	5
Total Value	$880,000
Average Sale Price	$176,000
Price Range	$16K - $405K

Seller Deals
Total Deals	42
Total Value	$19,963,550
Average Sale Price	$475,323
Price Range	$77K - $1.6M

Buyer Deals
Total Deals	11
Total Value	$2,754,500
Average Sale Price	$250,409
Price Range	$16K - $620K

5 Year View

Neighborhoods Phillip is Experienced In

Phillip's Recent Active Listings

$459,900
- 4 Beds
- 2 Baths
- 2,284 Sq Ft
3936 Jackson Blvd

Unit .23 acre

Rapid City, SD
This 1957 Craftsman ranch style home perfectly blends mid-century character with modern and tasteful updates. Spanning 2,284 square feet, this 4-bedroom (2 bdrm. in bsmt. not to code), 2-bathroom home sits in a prime West Rapid City location with easy access to paved trails and walkways located immediately across from Canyon Lake Park and Meadowbrook Golf Course. The meticulously clean and

Phillip Olsen OLSEN REAL ESTATE

$459,900
- 4 Beds
- 2 Baths
- 2,284 Sq Ft
3936 Jackson Blvd

Rapid City, SD
This 1957 Craftsman ranch style home perfectly blends mid-century character with modern and tasteful updates. Spanning 2,284 square feet, this 4-bedroom (2 bedroom in basement are not to code), 2-bathroom home sits in a prime West Rapid City location with easy access to paved trails and walkways located immediately across from Canyon Lake Park and Meadowbrook Golf Course. The meticulously clean

Phillip Olsen Olsen Real Estate

$850,000
- Land
- 4.59 Acres
- $185,185 per Acre
TBD Republic Rd

Unit 4.592 acres

Summerset, SD
This is a rectangular lot, about 337 feet wide and 578 feet deep (see attached map). You can connect to sewer and water from lines which parallel I-90 or from Republic Road. The lot is inside Summerset city limits and is zoned for general commercial use. The land has a gentle slope of 3–4%, making it easy to develop. It’s a good size and can fit multiple medium to large buildings, with about 337

Phillip Olsen OLSEN REAL ESTATE

$2,230,900
- Land
- 12 Acres
- $183,011 per Acre
TBD Republic Rd

Unit 12.194 acres

Summerset, SD
This is a combination of two rectangular lots with sizeable but variable lengths (see the plat for dimensions). You can connect to sewer and water from lines which parallel I-90 or from Independence Road and/or Republic Road. The lots are inside Summerset city limits and are zoned for general commercial use. The land has a gentle slope of 3–4%, making it easy to develop. It’s a good size and can

Phillip Olsen OLSEN REAL ESTATE

$1,400,000
- Land
- 8 Acres
- $184,211 per Acre
TBD Republic Rd

Unit 7.602 acres

Summerset, SD
This is a rectangular lot, about 535 feet wide and 624 feet deep (see attached map). You can connect to sewer and water from lines which parallel I-90 or from Independence Road and/or Republic Road. The lot is inside Summerset city limits and is zoned for general commercial use. The land has a gentle slope of 3–4%, making it easy to develop. It’s a good size and can fit multiple medium to large

Phillip Olsen OLSEN REAL ESTATE

$514,900
- Land
- 2.78 Acres
- $185,216 per Acre
TBD Sturgis Rd

Unit 2.78 AC L4

Black Hawk, SD
This high-visibility commercial parcel is ideally suited for a corner pad site and future retail expansion. The property is fully served by city sanitary sewer, Black Hawk water, MDU natural gas, BHE electric, and multiple communication providers. A favorable 3–4% cross slope and predominantly lean clay soils support efficient, cost-effective construction. Zoned General Commercial by the City of

Phillip Olsen OLSEN REAL ESTATE

$1,029,800
- Land
- 6 Acres
- $185,216 per Acre
TBD Sturgis Rd

Unit 5.56 AC L3/L4

Black Hawk, SD
These two combined, high-visibility commercial parcels present an exceptional opportunity for development, offering space for two prominent corner pad sites along with additional retail building expansion. The property is fully served by city sanitary sewer, Black Hawk water, MDU natural gas, BHE electric, and multiple communication providers. With a favorable 3–4% cross slope and predominantly

Phillip Olsen OLSEN REAL ESTATE

$514,900
- Land
- 2.78 Acres
- $185,216 per Acre
TBD Sturgis Rd

Unit 2.78 AC L3

Black Hawk, SD
This high-visibility commercial parcel is ideally suited for a corner pad site and future retail expansion. The property is fully serviced with city sanitary sewer, Black Hawk water, MDU natural gas, BHE electric, and multiple communication providers. A favorable 3–4% cross slope and predominantly lean clay soils support efficient and cost-effective construction. Zoned General Commercial by the

Phillip Olsen OLSEN REAL ESTATE

$2,100,000
- 4 Beds
- 4 Baths
- 3,374 Sq Ft
11472 Gudat Rd

Lead, SD
Tucked away at the end of the road, this remarkable home offers rare privacy with Forest Service land bordering two sides and sweeping, serene views in every direction. The main level features two spacious bedrooms and three beautifully appointed baths, designed for comfort and easy living. Radiant in-floor heating warms both the house and the expansive shop, creating cozy luxury year-round. The

Phillip Olsen Olsen Real Estate

Recently Sold

$305,000

Sold Sep 29, 2025
- 2 Beds
- 2 Baths
- 1,114 Sq Ft
3600 Sheridan Lake Rd

Rapid City, SD
- 6% Below List
- $274/SF
- 128 Days On Market
Phillip Olsen Olsen Real Estate

$400,000

Sold Nov 1, 2024
- 3 Beds
- 1.5 Baths
- 2,396 Sq Ft
4430 Reservoir Rd

Unit 2.0 acres

Rapid City, SD
- 24% Below List
- $167/SF
- 62 Days On Market
- Current Est. Value $411K
Phillip Olsen Olsen Real Estate

$750,000

Sold Nov 1, 2024
- 3 Beds
- 2 Baths
- 1,904 Sq Ft
9740 219th St

Piedmont, SD
- 21% Below List
- $394/SF
- 227 Days On Market
Phillip Olsen Olsen Real Estate

$100,500

Sold May 31, 2024
- Land
- 2.28 Acre Lot
TBD Monte Carlo Rd

Unit 2.28 AC

North Lawrence, SD
- 26% Below List
- 100 Days On Market
Phillip Olsen Olsen Real Estate

$930,000

Sold May 20, 2024
- 5 Beds
- 4.5 Baths
- 2,922 Sq Ft
129 Minor Lake Cir

Hill City, SD
- 2% Below List
- $318/SF
- 18 Days On Market
- Current Est. Value $895K
Phillip Olsen Olsen Real Estate

$181,000

Sold Jul 20, 2023
- Land
- 4.48 Acre Lot
TBD Hazel Ln

Rapid City, SD
- 28% Below List
- 44 Days On Market
Phillip Olsen Olsen Real Estate

$428,000

Sold Jan 24, 2023
- 2 Beds
- 2 Baths
- 1,703 Sq Ft
4133 Carmel Point

Rapid City, SD
- $251/SF
- 66 Days On Market
- Current Est. Value $461K
Phillip Olsen Olsen Real Estate

$810,000

Sold Nov 1, 2022
- 5 Beds
- 4.5 Baths
- 2,922 Sq Ft
129 Minor Lake Cir

Hill City, SD
- 5% Below List
- $277/SF
- 55 Days On Market
- Current Est. Value $895K
Phillip Olsen Olsen Real Estate

$145,000

Sold Oct 21, 2022
- Land
- 9.09 Acre Lot
TBD Wildflower Place

Unit 9.09 acres

Sturgis, SD
- 19% Below List
- 41 Days On Market
Phillip Olsen Olsen Real Estate

Other Experience

First Time Home Buyers, Luxury Homes, New Construction, Senior Communities

Agent License: South Dakota #9980

Phillip Olsen

(605) 501-6079

OLSEN REAL ESTATE

(605) 501-6079

Homes for Sale by City

Phillip Olsen

About Phillip

Transaction History

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Production Over Time

5 Year View

Neighborhoods Phillip is Experienced In

Phillip's Listings and Deals

Phillip's Recent Active Listings

Recently Sold

Other Experience