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703 S Summit Ave Sioux Falls, SD 57104

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For Sale
$2,600,000

Historically significant 18-unit apartment building in Sioux Falls.

Property size:
19,432 SF
Lot size:
0.72 Acres

Property Features for 703 S Summit Ave

General Information

Standard status
Active
Zoning
RA-2
Size
19,432 SF
Lot size
0.72 Acres

Building Details

Year built
1937

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Listing Contact
Michael Martin
Michael Martin
Source: Crexi

Listing Agency: NAI Sioux Falls Listing Agent: Michael Martin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Sioux Falls Historic Apartments

The LaSalle Apartments is historically significant for its role in the local history of Sioux Falls and its synthesis of two modern architectural movements, Art Deco and the International Style. Constructed in 1937 by A. Edward Gustafson, the building was inspired by the LaSalle Hotel in Chicago, where Mr. Gustafson and his wife often stayed. Upon completion, the building featured 18 apartments, each consisting of 2 bedrooms, a large living room with a gas fireplace, a large foyer, and a formal dining room. The property size is 19432 square feet. Following the declaration of war in 1941 and the construction of a U.S. Army Air Field in Sioux Falls, Mr. Gustafson subdivided the apartments to address the critical housing shortage. Only apartment 302, which served as Mr. Gustafson's residence, remained unchanged.
Location Intelligence

Current Use by Public Records

Vintage Apartment Rentals Property Management Company

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Sioux Falls
County
Lincoln
State
South Dakota
Longitude
-96.7359847
Latitude
43.5399713

FAQs

What type of property is this?
Apartment building - Historically significant 18-unit apartment building in Sioux Falls.
Where is this apartment building located?
The property is located at 703 S Summit Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: - Historically significant building designed with luxurious features.; - Built in 1937, showcasing Art Deco and International Style architecture.; - Original owner's apartment (302) remains unchanged since 1937.
More about this property
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