Price Reduction
540 S Rainbow Road Spearfish, SD
$ 1,100,000
Property Attributes
  • MLS#69540
  • TypeFarm
  • CountyLAWRENCE
  • CitySpearfish
  • AreaSpearfish
  • Zip57783
  • StyleFarm & Ranch
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size79.68 Acres
Listing Provided Courtesy Of:
RE/MAX In The Hills
Data Source:
Mount Rushmore Area Association of REALTORS® (MRAORMLS)
Property Description

Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. What an incredible opportunity in Spearfish, South Dakota. This is approximately 80 +/- pristine acres just minutes from Downtown Spearfish. This prime acreage is evenly split and divided by Rainbow Road which provides beautiful and easy access to this parcel of land. There is an income producing structure on the property that includes a 12 unit storage facility on the eastern parcel that are all rented at the moment. The land improvements include: Electricity, fiber optic cable and telephone lines that are located along Colorado Blvd. There is approximately 79.68 deeded acres and the land is all one contiguous tract. This land is valued at $12,187.50 per acre. The storage units are valued at $125,000.

Price History
8/20/2021 Listed $2,900,000
1/5/2022 63% - $1,100,000

General Features

Access Public Access
Agent First Name Ashley
Agent Last Name Goodrich
Auction Y/n No
City Spearfish
County Lawrence
Covenants No
Directions Spearfish: Colorado Blvd heading East, Make a right on Rainbow Road, Property will be evenly split right as you approach and continue on Rainbow Road. 79.68 +/- acres on the east side of road.
Docs on File Legal Description, Aerial Photo, Topography Map, Photographs
Listing Agent 1079
Listing Area Spearfish
Sale/rent For Sale
Short Sale No
Showing Instructions Appointment Only, Call Agent, Other-See Addendum
Status Active
Status Detail 1
Street Name Rainbow Road
Topography Level, Rolling
Type Farm & Ranch
Virtual Tour

Interior Features

Living Room Area 40 - 160 Acres

Exterior Features

Photo Count 9
Improved Yes
Improvements Equipment Building, Fenced Perimeter, Trees
Land Description CRP Acreage, Farm Land, Pasture
Lot Size Area 79.68
Mineral Rights Unknown
Price Per Acre 13750
Road Surface Dirt/Clay, Gravel


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Farm Average in 57783

AVG $7.64M
AVG 49

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