Elk Vale Road, Rapid City, SD 57703 - Pennington County

***NEW LISTING*** LOCATION! LOCATION! LOCATION! Four prime development lots being sold as one unitan exceptional opportunity for developers, investors, or businesses seeking a strategic foothold in one of Rapid Valleys fastest-growing commercial corridors. Perfectly situated just off Hwy 44, at the high-exposure corner of Elk Vale and Concourse (also fronting Jubilee), and positioned directly beside the Safeway lot, this property offers unparalleled visibility and access. Its an optimal high-traffic, high-growth location surrounded by established businesses, new construction, and expanding residential neighborhoods that continue to fuel demand for services, housing, and retail. The seller has already invested over half a million dollars into professional studies, engineering, surveys, and due-diligence work for a previously approved 540-unit, high-end apartment project known as Quail Ridge. Notably, the development received approval for two TIFsone city and one county, underscoring the strong municipal support and the economic potential of this site. With city water and sewer already stubbed in on the lots, a significant portion of the heavy lifting has been completed for the next owner. Multiple access points create substantial flexibility for layout, traffic flow, and future planningwhether your vision includes multifamily, mixed-use, hospitality, retail, or a combination of uses. The prominent corner on the southeast side of the Concourse/Elk Vale junction is ideally suited for a convenience store or gas station, offering maximum exposure and an easy-access footprint. The remainder of the acreage is wide-open with countless development possibilities, benefiting from steady commercial momentum and continuous vehicle counts along both Elk Vale and Highway 44. This property represents a thriving commercial opportunity in an area buzzing with possibility and positioned for long-term success. Listed at $5.61/SF. Seller is open to partnering with a qualified buyer with strong capital, or potentially acting as the banker by holding a contract for deed, offering creative pathways to bring your project to life. Come take a lookyour next major development could begin right here!