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    3001 Van Eps Ave Sioux Falls, SD 57104

    Sponsored
    For Sale
    $796,000

    3.07 Acres, Multifamily Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3.07-acre parcel, located at 3001 N Van Eps Ave in Sioux Falls, South Dakota, presents a unique investment opportunity. Currently zoned RA-1 for low-density multifamily development, this property offers significant potential for various uses. Situated near North Cliff Avenue, the land is surrounded by a mix of light and heavy industrial, and commercial/office properties, indicating a dynamic and growing area. While the listed acreage is approximate (based on City of Sioux Falls GIS resources), the final acreage will be determined through platting prior to closing. The asking price is $796,000, calculated at $5.95 per square foot. This represents one of the last remaining vacant land parcels in this desirable location. Prospective buyers should be aware that any desired rezoning would be their responsibility. The property is privately owned and is suitable for multifamily residential development, or potentially light industrial uses, subject to necessary approvals and permits. The property's prime location and flexible zoning make it an attractive proposition for developers seeking a strategic foothold in a thriving South Dakota market. Minnehaha County location and 57104 zip code.

    Property Features for 3001 Van Eps Ave

    General Information

    Property type
    Land
    Lot Size
    133,729 SF

    HighLights

    • 3.07‑acre parcel in Sioux Falls, SD at 3001 N Van Eps Ave.
    • Currently zoned RA‑1, suitable for multifamily or light industrial development (rezoning may be required).
    • Located near North Cliff Avenue, in a mixed‑use area with industrial and commercial properties.
    • Asking price: $796,000 ($5.95/sq ft); acreage is approximate, to be verified via platting.
    • One of the last remaining vacant parcels in this desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy Hotel & Motel

    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
    -96.709909
    Latitude
    43.575747

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    FAQs

    What type of property is this?
    Land - 3.07 Acres, Multifamily Zoning
    Where is this land located?
    The property is located at 3001 Van Eps Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $796,000.
    What are key features of this property?
    This property features: 3.07-acre parcel in Sioux Falls, SD at 3001 N Van Eps Ave.; Currently zoned RA-1, suitable for multifamily or light industrial development (rezoning may be required).; Located near North Cliff Avenue, in a mixed-use area with industrial and commercial properties.
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    3001 Van Eps 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
    3001 Van Eps Ave Sioux Falls, SD 57104
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