Multifamily-Zoned Development
For Sale
Contact for pricing
5610 East Madison Street, Sioux Falls, SD 57110
RA-2 zoned land just off South Veterans Parkway, supported by concept plans for a 71-unit multifamily project.
Property SizeContact for details
Days on Market71
Property Features for 5610 East Madison Street
General Information
Standard status
Active
Property subtype
Land
Zoning
RA-2
Additional Details
Traffic Count
11,800 vehicles/day
Multifamily Units
71
Listing Agency:
Bender Commercial
(605) 579-0189
Listed By:
Bradyn Neises · License #SD 16240
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Jul 15 at 5:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial
Investment Insights
Based on property information with market context.
This development site is zoned RA-2 for multifamily use. Concept plans provided with the offering support a 71-unit project, subject to the purchaser’s verification. The parcel is offered for sale as land, with the entitlement and final design details to be confirmed by the buyer.
The property is located just off South Veterans Parkway with a stated daily traffic count of 11,800 vehicles per day. Nearby businesses include Kwik Star, Lewis Drug, Sanford, The Cubhouse Daycare, and future Casey’s. Local amenities in the area include Dawley Farms, Willow Run Golf Course, Great Bear Recreation Park, Washington High School, and Anne Sullivan Elementary School.
For buyers evaluating multifamily development in a RA-2 designated area, the site’s pre-discussed concept for 71 units and its proximity to established retail and services may support a straightforward path to feasibility review. Prospective buyers should conduct their own due diligence regarding zoning confirmation, development approvals, and the final project scope.
The property is located just off South Veterans Parkway with a stated daily traffic count of 11,800 vehicles per day. Nearby businesses include Kwik Star, Lewis Drug, Sanford, The Cubhouse Daycare, and future Casey’s. Local amenities in the area include Dawley Farms, Willow Run Golf Course, Great Bear Recreation Park, Washington High School, and Anne Sullivan Elementary School.
For buyers evaluating multifamily development in a RA-2 designated area, the site’s pre-discussed concept for 71 units and its proximity to established retail and services may support a straightforward path to feasibility review. Prospective buyers should conduct their own due diligence regarding zoning confirmation, development approvals, and the final project scope.
Key Highlights
- Land is zoned RA‑2 for multifamily development
- Concept plans support a 71‑unit multifamily project (buyer to verify)
- Located just off South Veterans Parkway with an estimated 11,800 vehicles per day traffic count
Property Analytics
Property Profile
Current Use
Lease Details
71
Residential units
11,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 57110, SD
22,013
Population
9,178
Households
2.4
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,053
Density / Sq Mi
$87,114
Median Household Income
$52,202
Median Earnings
$1,018
Median Rent
$365,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - RA-2 zoned land just off South Veterans Parkway, supported by concept plans for a 71-unit multifamily project.
Where is this residential land & home lot located?
The property is located at 5610 East Madison Street Sioux Falls, SD.
What is the asking price?
The asking price for this property is $750,364.
What are key features of this property?
This property features: Land is zoned RA‑2 for multifamily development; Concept plans support a 71‑unit multifamily project (buyer to verify); Located just off South Veterans Parkway with an estimated 11,800 vehicles per day traffic count
