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    7400 15Th St Sioux Falls, SD 57106

    Sponsored
    For Sale
    $900,000

    Prime Sioux Falls residential development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.64-acre parcel presents a unique opportunity for residential development in Sioux Falls, South Dakota. Located near the intersection of 12th Street and Sertoma Avenue in western Sioux Falls, this property offers convenient access to Interstate 29, ensuring seamless connectivity throughout the region. The land is currently zoned for agricultural use (Ag). A key feature is its significant elevation change, boasting over 70 feet of difference from south to north, offering diverse development possibilities and potentially stunning views. The property's proximity to the city bike path and Legacy Park adds significant recreational appeal to the surrounding area. Note that a portion of the property lies within the FEMA floodplain/floodway due to its proximity to Skunk Creek. This should be carefully considered during any development planning. The asking price for this expansive lot is $900,000. The property's address is 7400 W 15th St, Sioux Falls, SD 57106, situated within Minnehaha County. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's characteristics and potential development constraints.

    Property Features for 7400 15Th St

    General Information

    Property type
    Land
    Lot Size
    245,678 SF

    HighLights

    • 5.64‑acre development parcel in Sioux Falls, SD.
    • Located near I‑29, 12th Street & Sertoma Avenue.
    • Currently zoned agricultural; requires rezoning.
    • Significant elevation change (70+ feet).
    • Proximity to city bike path and Legacy Park.
    • Portion in FEMA floodplain/floodway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

    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
    -96.8172104
    Latitude
    43.540934

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    FAQs

    What type of property is this?
    Land - Prime Sioux Falls residential development land.
    Where is this land located?
    The property is located at 7400 15Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 5.64-acre development parcel in Sioux Falls, SD.; Located near I-29, 12th Street & Sertoma Avenue.; Currently zoned agricultural; requires rezoning.
    (605) 681-8351
    Request Owner's contact information
    7400 15Th St Sioux Falls, SD 57106
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    Sioux Falls, SD 57106
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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
    7400 15Th St Sioux Falls, SD 57106
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