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    I-29 And Marion Rd Sioux Falls, SD 57107

    Sponsored
    For Sale
    Contact for pricing

    Prime Sioux Falls commercial/residential land

    Property size:
    35,283 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire mixed-use land in Sioux Falls, South Dakota's premier Lake Lorraine development. This vibrant community, situated near I-29 and the Empire Mall, boasts a diverse mix of retail, hotels, residential, and Class A office space, all centered around a 33-acre lake with walking paths. Several parcels are available, ranging from 21,613 to 71,360 square feet, with flexible zoning (PO-PUD) allowing for adaptable development. Land prices vary from $15 to $25 per square foot, depending on the specific parcel and size. Several parcels are currently available, with sizes ranging from approximately 35,000 to over 70,000 square feet. The established success of Lake Lorraine, featuring prominent tenants such as HomeGoods, DSW, Dave & Buster's, and a Hyatt Place hotel, demonstrates the strong market demand and potential for future growth. This location offers unparalleled access to major transportation arteries and a thriving retail corridor. The master plan's flexibility allows for customization to suit various project needs. Contact us today to explore the available options and secure your place in this thriving community. Specific parcel sizes and pricing are available upon request.

    Property Features for I-29 And Marion Rd

    General Information

    Property type
    Land
    Square Feet
    35,283 SF

    HighLights

    • Mixed‑use land available in Sioux Falls, SD's Lake Lorraine development, near I‑29 and Empire Mall.
    • Parcels range from 21,613 to 71,360 square feet with flexible PO‑PUD zoning.
    • Land prices: $15-$25 per square foot, depending on size and parcel.
    • Lake Lorraine features strong tenants (HomeGoods, DSW, Dave & Buster's, Hyatt Place), showcasing high demand and growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.8458204
    Latitude
    43.5190906

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    FAQs

    What type of property is this?
    Land - Prime Sioux Falls commercial/residential land
    Where is this land located?
    The property is located at I-29 And Marion Rd Sioux Falls, SD.
    What are key features of this property?
    This property features: Mixed-use land available in Sioux Falls, SD's Lake Lorraine development, near I-29 and Empire Mall.; Parcels range from 21,613 to 71,360 square feet with flexible PO-PUD zoning.; Land prices: $15-$25 per square foot, depending on size and parcel.
    (605) 361-8211
    Request Owner's contact information
    I-29 And Marion Rd 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
    I-29 And Marion Rd Sioux Falls, SD 57107
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