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    412 Western Ave Sioux Falls, SD 57104

    Sponsored
    For Sale
    $400,000

    1.4 Acres, $400,000, High-Demand Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.4-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Sioux Falls, South Dakota. Located at 412 N Western Ave, 57104, this property is zoned for commercial use, offering significant potential for a variety of development projects. The strategic location provides easy access to a wealth of amenities and attractions, including numerous city parks, Covell Lake, recreational ballfields, the Denny Sanford Premier Center, the Sioux Falls Arena & Convention Center, and a diverse selection of restaurants. The surrounding area showcases a mix of established businesses, including multi-family residential buildings, office spaces, and non-profit organizations, creating a vibrant and dynamic neighborhood. This property's 1.4-acre size provides ample space for a substantial development, making it ideal for projects such as multi-family apartment complexes or a modern office building. The asking price of $400,000 represents a compelling value in this highly sought-after location within Minnehaha County. This is a rare opportunity to acquire a significant commercial land parcel in a prime Sioux Falls location with excellent potential for future growth and profitability. Don't miss this chance to secure a piece of Sioux Falls' vibrant commercial landscape.

    Property Features for 412 Western Ave

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • $400,000 asking price.
    • 1.4‑acre commercial land parcel.
    • Located at 412 N Western Ave, Sioux Falls, SD 57104.
    • Commercially zoned.
    • Excellent location for multi‑family or office development, near parks, recreation, and the Denny Sanford Premier Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trust Deed Investments Investment Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.750692
    Latitude
    43.5520039

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    FAQs

    What type of property is this?
    Land - 1.4 Acres, $400,000, High-Demand Location
    Where is this land located?
    The property is located at 412 Western Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; 1.4-acre commercial land parcel.; Located at 412 N Western Ave, Sioux Falls, SD 57104.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    412 Western Ave Sioux Falls, SD 57104
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