S Colorado Blvd, Spearfish, SD 57783
Property image
Property image
FOR SALE
36.83 ACRES

$1,100,000

Original price: $1,150,000

    S Colorado Blvd, Spearfish, SD 57783

    Get Pre-Qualified
    We estimate this home will sell faster than 85% nearby.

    Home Highlights

    Lot/Land
    36.83 acre lot

    Local Information

    • Map ViewExplore the area around S Colorado Blvd.
    • Schools3 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    MOTIVATED SELLER! PRICE REDUCED TO $1,100,000! 36.83-acre development opportunity located between the Spearfish Sports Complex at Exit 17 and the City of Spearfish in one of South Dakota's fastest-growing communities. Situated at the highly visible intersection of Colorado Boulevard and Rainbow Road, this prime parcel offers outstanding access, visibility, and future development potential. City water, electricity, and fiber optic service are available, and the property includes several historic outbuildings as well as an impressive 118' x 42' Morton building. Located just south of the Spearfish Airport and minutes from Interstate 90, the site benefits from excellent accessibility, strong traffic counts, and proximity to the area's expanding residential and commercial growth corridors. As Spearfish continues to experience significant population and economic growth, this property offers an opportunity to bring your vision to life—whether through a residential subdivision, commercial development, mixed-use project, or long-term investment strategy. For more information on this exceptional opportunity in the heart of the Northern Black Hills call Listing Agent Casey Raftevold | 605-863-5282 | eXp Realty.
    Last check for updates: about 1 hour ago
    Listing courtesy of Casey Raftevold
    eXp Realty
    Source: Mount Rushmore Area AOR, MLS#87977
    Also Listed on Black Hills AOR, eXp Realty, eXp Realty, Black Hills AOR, Mount Rushmore Area AOR.
    We estimate this home will sell faster than 85% nearby.

    Home Details for S Colorado Blvd

    Interior Features

    Appliances & Utilities
    Utilities: Septic (At Site)
    Gas & Electric
    Gas: Gas to PropertyHas Electric on Property
    View
    Has a View

    Exterior Features

    Exterior Home Features
    Fencing: TreesOther Structures: Equipment Building, Metal Building, Shed(s), Workshop
    Frontage
    Waterfront: Creek/StreamRoad Frontage: Public AccessRoad Surface Type: Dirt/Clay, Gravel
    Farm & Range
    Allowed to Raise Horses
    Surface & Elevation
    Topography: Hilly, Level, Rolling, Sloping

    Days on Market

    Days on Market: 170

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Acreage

    Price & Status

    Price
    List Price: $1,100,000
    Status Change & Dates
    Possession Timing: Negotiable

    Active Status

    MLS Status: ACTIVE

    Location

    Direction & Address
    City: Spearfish
    School Information
    Elementary School District: SpearfishJr High / Middle School District: SpearfishHigh School District: Spearfish

    Agent Information

    Listing Agent
    Listing ID: 87977

    Lot Information

    Lot Area: 36.83 Acres

    Offer

    Listing Terms: Cash, Cash To Loan

    Miscellaneous

    Mls Number: 87977

    Around this home

    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Spearfish

    At least 52 Trulia users voted on each feature.

    • 89 % Say parking is easy

    • 81 % Say there's wildlife

    • 81 % Say it's dog friendly

    • 80 % Say yards are well-kept

    • 79 % Say car is needed

    • 78 % Say there are sidewalks

    • 72 % Say there's holiday spirit

    • 72 % Say kids play outside

    • 69 % Say people would walk alone at night

    • 64 % Say it's quiet

    • 60 % Say streets are well-lit

    • 59 % Say neighbors are friendly

    • 58 % Say it's walkable to restaurants

    • 45 % Say they plan to stay for at least 5 years

    • 40 % Say it's walkable to grocery stores

    • 33 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Chadjagow
      "Great community and parks! Walk to everything from our neighborhood and every season has something going on. "
      0
      Flag
    • Brittney M.
      "People are always walking their dogs. But it is difficult to find a place to live with dogs. However, most community members love dogs and you can see people asking dog owners if they can pet them all the time. "
      5
      Flag
    • Brittney M.
      "This is a dog friendly neighborhood for small dogs but not at all for big dogs. Okay thank you "
      6
      Flag
    • Ariannhernandez
      "Is pretty, very safe that you can walk alone during the night. Friendly neighbors. But there is 0 public transportation. "
      1
      Flag
    • Cat
      "Lots of dogs for them to be around. Pretty Nice neighborhood. It’s definitely getting busier around this area"
      3
      Flag
    • Delana R.
      "Live in the area, clean, quiet, beautiful, friendly! Has it all! Growing a little too fast! Was the Best kept Secret now Best! "
      1
      Flag
    • Ibrenner
      "There are too many to name. However, Downtown Friday Nights in the summer are fun for all ages. There is a Fall Festival and a great Holiday Light Parade in December. Spearfish is a great place to live because of the beauty, friendly people, and lots of things to do."
      2
      Flag
    • RDM
      "this is an active mountian biking, fishing and musical community... now with 3 breweries! Always something going on for kids as well. "
      3
      Flag
    • Ladiajakubec
      "No public transportation or taxis but easy with low traffic at all times. also possible to ge arrondiert on a bike."
      2
      Flag
    • Ned H.
      "A mix of families and retirees. Close to park and open spaces. Good views of Crow Peak and Lookout Mountain. "
      0
      Flag
    • Aron R.
      "Good place to live and vacation ".............go visit this place it is a great place to worship. You can live here in extension of your current life "
      0
      Flag
    • Christle
      "Spearfish is a great place to live. College/university, great schools, jobs, great for retirees.....ND workers as well!"
      0
      Flag
    • Marcy
      "steel siding, nice views of lookout and crow peak. hardly no mowing."
      0
      Flag

    Market trends in Spearfish

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    115
    20    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    Tbd Colorado Blvd, Spearfish, SD
    0.95
    Lot/Land
    $690,000
    04/20/26
    -
    -
    Tbd Centennial Rd, Spearfish, SD
    1.10
    Lot/Land
    $804,000
    07/10/26
    -
    -
    6 Brooks Loop, Spearfish, SD
    2.12
    Lot/Land
    $72,000
    12/19/25
    -
    -
    7 Brooks Loop, Spearfish, SD
    2.14
    Lot/Land
    $72,000
    12/19/25
    -
    -
    10 Duke Pkwy, Spearfish, SD
    2.14
    Lot/Land
    $150,000
    08/06/26
    -
    -
    Lot G8 Luke Ct, Spearfish, SD
    2.17
    Lot/Land
    $72,000
    12/19/25
    -
    -
    7766 Brooks Loop, Spearfish, SD
    2.16
    Lot/Land
    $100,000
    06/22/26
    -
    -
    1420 E Woodland Dr, Spearfish, SD
    2.60
    Lot/Land
    $1,200,000
    09/30/25
    -
    -
    2884 SW Eetclover Cir, Spearfish, SD
    2.25
    Lot/Land
    $240,000
    06/24/26
    -
    -
    2730 SW Eetclover Cir, Spearfish, SD
    2.25
    Lot/Land
    $240,000
    05/25/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    515 S Rainbow Rd, Spearfish, SD 57783
    0.28
    $302,700
    3
    1
    1,170
    Off Market
    Lot 13 Two Bar T St, Spearfish, SD 57783
    0.42
    $675,000
    -
    -
    -
    For Sale
    Lot 12 Two Bar T St, Spearfish, SD 57783
    0.47
    $699,000
    -
    -
    -
    For Sale
    Lot 11 Two Bar T St, Spearfish, SD 57783
    0.51
    $725,000
    -
    -
    -
    For Sale
    Lot 2 Two Bar T St, Spearfish, SD 57783
    0.51
    $180,000
    -
    -
    -
    For Sale
    Lot 3 Two Bar T St, Spearfish, SD 57783
    0.54
    $180,000
    -
    -
    -
    For Sale
    Lot 10 Two Bar T St, Spearfish, SD 57783
    0.55
    $675,000
    -
    -
    -
    For Sale
    Lot 4 Two Bar T St, Spearfish, SD 57783
    0.56
    $240,000
    -
    -
    -
    For Sale
    Lot 9 Two Bar T St, Spearfish, SD 57783
    0.59
    $675,000
    -
    -
    -
    For Sale
    Lot 6 Two Bar T St, Spearfish, SD 57783
    0.62
    $450,000
    -
    -
    -
    For Sale
    Lot 8 Two Bar T St, Spearfish, SD 57783
    0.63
    $675,000
    -
    -
    -
    For Sale

    Price and Tax history

    DateEventPrice
    Jun 19, 2026
    Source: Mount Rushmore Area AOR #87977
    		PriceChange
    $1,100,000
    Price decreased by 4%
    May 29, 2026
    Source: Mount Rushmore Area AOR #87974
    		PriceChange
    $1,150,000
    Price decreased by 4%
    Apr 1, 2026
    Source: Mount Rushmore Area AOR #87974
    		Listed For Sale
    $1,199,000
    Jan 1, 2026
    Source: Mount Rushmore Area AOR #85628
    		ListingRemoved
    $1,250,000
    Sep 25, 2025
    Source: Mount Rushmore Area AOR #85628
    		PriceChange
    $1,250,000
    Price decreased by 17%

    LGBTQ Local Legal Protections

    Casey Raftevold, eXp Realty
    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
    The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
    Copyright 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved

    Similar Homes You May Like

    Skip to last item
    Skip to first item

    New Listings near S Colorado Blvd

    Skip to last item
    Skip to first item

    Frequently asked questions about S Colorado Blvd

    • How big is S Colorado Blvd?
      S Colorado Blvd in Spearfish, SD is about 36.8 acres.
    • What is the price per acre for S Colorado Blvd?
      S Colorado Blvd in Spearfish, SD is listed at $1,100,000, or about $30K per acre.
    • What do residents say about Spearfish?
      Residents describe Spearfish, SD as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in Spearfish, SD.
    • What are the closest schools to S Colorado Blvd?
      The closest schools to S Colorado Blvd in Spearfish, SD are Creekside Elementary - 07 (rated 8/10), Mountain View Elementary - 08, Spearfish High School - 01 (rated 5/10).
    S Colorado Blvd, Spearfish, SD 57783 is a lot/land. This property is currently available for sale and was listed by Mount Rushmore Area AOR on Apr 1, 2026. The MLS # for this home is MLS# 87977.