782 Acres in Piedmont, SD - $8,015,500

South Dakota Black Hills Development Land

South Dakota Black Hills Land offers a larger acreage, unspoiled historic ranch with endless possibilities. The ranch is very private yet located only 15 minutes from all the amenities in Rapid City, SD. The roads south to Rapid City and west to I-90 are paved and well maintained. The property consists of 782+/- acres and is a transition property in the path of development. The potential exists to access the entitlements of water, natural gas, high speed internet and electricity. The property is very scenic and private with highly productive meadows and soils. The property is well suited for a ranch operation and as an investment for transition into a future development.

LOCATION

The property is approximately 8.5 miles north of Rapid City, South Dakota on paved Haines Avenue. From Piedmont, South Dakota, the property is approximately 7.5 miles east on Elk Creek Road and is also paved.

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The Elk Creek Land Company property adjoins the existing Golden Valley rural subdivision.

Nearby one will find the World-Famous Sturgis Motorcycle Rally, Mount Rushmore, and the western gambling town of Deadwood, South Dakota.

Assessor records show 782 acres of grassland and cottonwood lined creek bottoms. Elk Creek runs through the property plus there are two other drainages that bisect the property, a small pond, two shallow water wells and an abundance of trees along the creeks. The current owner has harvested many substantial hay crops over the years.

There is substantial wildlife on the property, including white tail deer, turkey, sharp tail grouse, and occasionally Elk and pheasants. Elk Creek is a mixed cold/warm water fishery. In the spring and early summer, the cold waters are conducive to Trout, but as the temperatures warm through the summer, the Trout move upstream toward the spring-fed influence of Elk Creek and the warm water species of Bass & Catfish are most prevalent.

The center portion and higher elevations of the property have significant gravel deposits which add another dynamic to the offering.

DEVELOPMENT CONSIDERATIONS

Water: There is potential to access the Bear Butte Water District located just to the north. Ground water is also available from deep wells into the Madison formation. The nearby Golden Valley subdivision has water from the Madison formation.

Electricity: There is access to three phase electricity on the southwest corner of the property.

Access: The property has county road access from two different directions aiding in its subdivision potential.

Minerals: The mineral estate is believed to be intact as the property has been owned by the same family for generations. The buyer should satisfy itself to the exact status of the mineral ownership. Please contact the broker for referral to a local mineral abstractor.

SUMMARY

The market in the area has a high demand for 3 to 5-acre homesite lots. Developed these properties are fetching around $150,000 per lot. Meade County has a planning protocol for property development. Opportunities for infrastructure funding do exist in the form of Tax Improvement Funds (TIF).

This unique property is a short distance from the Golden Valley Subdivision, with scenic views of the Black Hills. The Rapid City area has experienced strong growth with several new commercial/industrial companies moving to the region. Short-term rental facilities are full as new residents await housing. With the population growth of Rapid City, South Dakota projected to grow by 40,000 or more in the next 10 years and with the new B-21 Bomber coming to Ellsworth Airforce Base, this property on the north end of the greater Rapid City area is a great investment for a new subdivision, for a buy and hold investment or as a small ranch in the path of growth.