2015 N PLAZA DR Rapid City, SD 57702

208616696 44.1042442321777 -103.254684448242 2549 /listing/208616696-150359224/2015-n-plaza-dr-rapid-city-sd-57702 False 0 290000.0000 105 139127 True
  • $290,000
  • 1.43 ACRES lot
  • Est payment $1556.78/mo

Property & Neighborhood Info

Multi-Family in Rapid City

Great location, across from Fountain Springs Church. Price includes: 1.43 acres of land, complete plans to build 28 units in two buildings: a 12-unit bldg and a 16-unit bldg, 17 garage stalls. The completed soils engineering is by American Engineering; fully designed/engineered & market-tested plans are by KDG - Kennedy Design Group & Hermanson Egge Engineering. RC Engineering has approved the extensive 30+ pages of detailed plans. The project is understood to be ready for a building permit based upon the above. Price is based upon "standard MDR land value of $3.50 per foot" - per May '18 DOE office est. Plus an est. 2% of hard/soft costs to this approval point and balance of value to project developer. Most people would not offer a project for sale this far along. It's a great and unique opportunity, while it lasts. Design or Architecture fees on a project this size are believed to be valued at 6-7% or around $200k. Owner is a SD real estate licensee. Borders golf course!

Courtesy Of BOBBY SUNDBY, SUN REAL ESTATE
  1. 1.43 ACRES Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 2019
  • County: Pennington
  • Units: 28
  • Subdivision: Fountain Spgs
  • MLS Number:139127

2015 N PLAZA DR Rapid City, SD 57702

208616696 44.1042442321777 -103.254684448242 2549 /listing/208616696-150359224/2015-n-plaza-dr-rapid-city-sd-57702 False 0 290000.0000 105 139127 True
  • $290,000
  • 1.43 ACRES lot
  • Est payment $1556.78/mo