Copperfield Multi-Family Development
13.51 AC | Multi-Family Zoning
Marketing description
NorthStar Realty is pleased to present Copperfield Vistas, a premier 13.51± acre residential development opportunity located in one of Rapid City's fastest-growing growth corridors. Positioned within the established Copperfield Vistas subdivision, this MDR (Medium Density Residential) zoned property offers developers a rare combination of entitled density, infrastructure availability, and significant upside from planned transportation improvements.
The property features approximately 1,300 feet of frontage along the future East Anamosa Street extension, a major roadway project that will connect the site directly to Elk Vale Road and enhance access throughout East Rapid City. Recent approval of a Transportation Improvement District (TIF) supporting roadway improvements further strengthens the long-term value proposition.
Investment highlights
Entitled Medium-Density Residential Zoning
- Zoned MDR (Medium Density Residential)
- Suitable for apartments, townhomes, duplexes, and other residential development formats
- Strong demand for workforce and market-rate housing in the Rapid City market
Strategic Growth Corridor
- Located within the established Copperfield Vistas subdivision
- Adjacent to existing residential neighborhoods and expanding commercial development
- Minutes from Rushmore Crossing, Menards, and major employment centers
Future East Anamosa Connection
- Approximately 1,300 feet of frontage on future East Anamosa Street
- Planned connection to Elk Vale Road improves regional accessibility
- Creates enhanced visibility and development potential
Infrastructure Advantage
- Major infrastructure available to the property line
- Public utilities available nearby (buyer to verify capacities and connection requirements)
- Reduces future development costs and timelines
Below-Market Acquisition Opportunity
- Offered at approximately $3.75 per square foot
- Total asking price: $2,206,859
- Attractive basis compared to replacement land costs in the Rapid City market
Transportation Improvement District (TIF)
- Recent TIF approval supporting roadway improvements in the area
- Potential long-term appreciation driven by public infrastructure investment
- Enhanced access expected to accelerate development activity and absorption
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