515 South Rainbow Road, Spearfish, SD 57783 - Lawrence County

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. Dont miss outcontact us today to explore the possibilities! There are currently two income producing properties that consists of a 3 bed 1 bath site-built home and a single wide mobile home. Current tenant is willing to purchase site-built home and per City of Spearfish would just need to be re-platted into a 1-acre parcel. 39.68 acres are city, and the south 40 acres are in the county. There are several historical outbuildings and a 118 ft x 42 ft Morton Building on the property. No vehicles, equipment or personal property seen in photos are part of this sale. Call Listing Agents Casey Raftevold | 605-863-5282 | or Heath Gran at 605-209-2025 with Great Peaks Realty for more information. All information and measurements are approximate and based on county records. Buyer and/or buyer's agent is responsible for verifying all information on MLS data sheet. Provisions and/or restrictions to be verified by the City of Spearfish and/or Lawrence County, SD. 39.68 acres are city, and the south 40 acres are in the county.