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    900 La Mesa Dr Sioux Falls, SD 57107

    Sponsored
    For Sale
    Contact for pricing

    9.45 Acres, Prime Location, I-29 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.45-acre parcel presents a unique investment opportunity in the rapidly expanding northwest area of Sioux Falls, South Dakota. Strategically located at the southeast corner of Madison Street and La Mesa Drive, this property boasts unparalleled access to Interstate 29 via the Madison interchange, less than 1.5 miles away. The convenient location offers significant advantages for developers seeking quick access to major transportation routes. The land is currently zoned RR rural residential, presenting potential for rezoning to multi-family use, subject to city approvals. This versatility makes it suitable for a wide range of development projects. It's important to note that a portion of this property lies within a designated floodplain area. Detailed floodplain information is available upon request. This prime location, combined with its size and potential for rezoning, makes this a highly attractive proposition for investors and developers looking to capitalize on Sioux Falls' continued growth. The property address is 900 N La Mesa Dr, Sioux Falls, SD 57107, within Minnehaha County. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and floodplain impacts.

    Property Features for 900 La Mesa Dr

    General Information

    Property type
    Land
    Lot Size
    411,642 SF

    HighLights

    • 9.45‑acre parcel in Sioux Falls, SD's rapidly growing northwest area.
    • Exceptional location at Madison St & La Mesa Dr, <1.5 miles from I‑29 interchange.
    • Currently zoned RR rural residential, with potential for multi‑family rezoning (city approvals required).
    • Portion of property lies within a designated floodplain; details available upon request.
    • Property address: 900 N La Mesa Dr, Sioux Falls, SD 57107 (Minnehaha County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

    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
    -96.8109227
    Latitude
    43.5565652

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    FAQs

    What type of property is this?
    Land - 9.45 Acres, Prime Location, I-29 Access
    Where is this land located?
    The property is located at 900 La Mesa Dr Sioux Falls, SD.
    What are key features of this property?
    This property features: 9.45-acre parcel in Sioux Falls, SD's rapidly growing northwest area.; Exceptional location at Madison St & La Mesa Dr, <1.5 miles from I-29 interchange.; Currently zoned RR rural residential, with potential for multi-family rezoning (city approvals required).
    (605) 496-2966
    Request Owner's contact information
    900 La Mesa Dr Sioux Falls, SD 57107
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    Sioux Falls, SD 57107
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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
    900 La Mesa Dr Sioux Falls, SD 57107
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