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    950 Blaine Ave Sioux Falls, SD 57103

    Sponsored
    For Sale
    $289,999

    Prime Sioux Falls development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 24,835 square foot lot, located at 950 S Blaine Ave in Sioux Falls, South Dakota, presents a compelling investment opportunity. Zoned RA-1, this property allows for the construction of multi-family residential buildings. Specifically, the permitted zoning allows for low-density apartment residential development, with the potential to build up to 24 units per building. Preliminary plans suggest the possibility of constructing two separate buildings on this sizable lot, maximizing development potential. The site enjoys convenient access to major thoroughfares, including 10th and 26th Streets, and Interstate 229, ensuring excellent connectivity for future residents. Situated in the heart of east Sioux Falls, this location offers proximity to various amenities and services. The asking price is $289,999. Prospective buyers are responsible for verifying all site plans and obtaining necessary approvals from the city of Sioux Falls before commencing any construction. This property is ideal for developers seeking a prime location for a multi-family residential project in a thriving South Dakota market. The property is in Minnehaha County, South Dakota, zip code 57103.

    Property Features for 950 Blaine Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -96.6920634
    Latitude
    43.5380167

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    FAQs

    What type of property is this?
    Land - Prime Sioux Falls development opportunity.
    Where is this land located?
    The property is located at 950 Blaine Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $289,999.
    Request Owner's contact information
    950 Blaine Ave Sioux Falls, SD 57103
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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
    950 Blaine Ave Sioux Falls, SD 57103
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