Development Property

This 140-acre development property, located in the Black Hills of South Dakota between Sturgis and Rapid City, offers an opportunity for creative investors. Just five miles off the Interstate, the property is completely surrounded by National Forest Service land. Very little land in the Black Hills is privately owned, making this property a nugget for potential investors.

The property is easily accessible and currently hooked up for electricity and phone service. A 1,000-foot well currently provides an adequate water supply, and all indicators suggest that with proper holding tanks and pumps, the well could supply an unlimited number of building sites.

The land value is estimated as underdeveloped and unimproved, but the value could be significantly increased if county officials approve layout plans and the property is surveyed.

In addition, the property could be easily zoned into residential lots pending surveyal by county officials. Zoning does not restrict the property, allowing for a variety of uses for this property. At this time, there are no covenants or noted restrictions that would impact any legal use of the property.

Asking price: $1,700,000