515 S Rainbow Rd Spearfish, SD 57783
Property details
About 515 S Rainbow Rd
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. Don’t miss out—contact us today to explore the possibilities! Call Listing Agents Casey Raftevold | 605-863-5282 | or Heath Gran at 605-209-2025 with Great Peaks Realty for more information.
Highlights
(ACTIVE)
Summary
- MLS Number: 83023
- Office Name: Great Peaks Realty
- Office Phone: (605) 717-7325
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 other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. 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 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/20/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,800,000
515 S Rainbow Rd
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $197,130 | $1,643 |
| 2022 | $213,953 | $1,749 |
| 2019 | $175,870 | $1,834 |
| 2018 | $157,370 | $1,757 |
| 2017 | $158,310 | $1,779 |
History based on county public records data.
Nearby schools
5
Creekside Elementary - 07
Public District 3-5
5.1 mi
•2325 North Ave
8
Whitewood Elementary - 04
Public District PK-6
6.7 mi
•603 Garfield St
4
Lead-Deadwood Elementary - 03
Public District KG-5
6.9 mi
•716 Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,856. The majority of Spearfish, SD residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
Living in Spearfish, SD
About 515 S Rainbow Rd
This home is located at 515 S Rainbow Rd in Spearfish, SD and zip code 57783. This 1,170 square foot home, which was built in 1920, sits on a 79.68 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $2,800,000.
While more than 1 listings in Spearfish, SD in March 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Spearfish, SD between February and March 2025 increased by 18.5%.