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    316 Foss Ave Sioux Falls, SD 57110

    For Sale
    Contact for pricing

    Prime Eastside Sioux Falls Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 58,798 square foot commercial land parcel presents a remarkable investment opportunity in Sioux Falls, South Dakota. Located at 316 S Foss Ave, in the rapidly expanding east side of the city, this property boasts high visibility frontage on Arrowhead Parkway, a major thoroughfare with over 20,000 vehicles daily. The site offers convenient access from both Foss Avenue and Arrowhead Parkway, placing it within a half-mile of the recently expanded intersection of Veterans Parkway and Arrowhead Parkway. This strategic location provides unparalleled exposure and accessibility. The property is situated directly next to a Chipotle Mexican Grill and is surrounded by a vibrant retail environment, including national brands such as Walmart, Aldi, Target, Culver's, Panera Bread, Wendy's, and Freddy's, among many other established businesses. The land is priced at $18 per square foot, representing a compelling value in this high-demand area. This property is ideal for a variety of commercial developments, capitalizing on its prime location and high traffic counts. The zoning and potential uses should be verified independently. The address is 316 S Foss Ave, Sioux Falls, SD 57110, within Minnehaha County.

    Property Features for 316 Foss Ave

    General Information

    Property type
    Land

    HighLights

    • High‑visibility commercial land parcel on Arrowhead Parkway in Sioux Falls, SD's rapidly expanding east side.
    • Excellent access from Foss Avenue and high‑traffic Arrowhead Parkway (20,000+ vehicles daily), near the expanded Veterans Parkway intersection.
    • Prime location adjacent to Chipotle, with nearby national retailers like Walmart, Aldi, and Target.
    • 58,798 SF lot size.
    • Land value: $18/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -96.661295148157
    Latitude
    43.545290276676

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    FAQs

    What type of property is this?
    Land - Prime Eastside Sioux Falls Land
    Where is this land located?
    The property is located at 316 Foss Ave Sioux Falls, SD.
    What are key features of this property?
    This property features: High-visibility commercial land parcel on Arrowhead Parkway in Sioux Falls, SD's rapidly expanding east side.; Excellent access from Foss Avenue and high-traffic Arrowhead Parkway (20,000+ vehicles daily), near the expanded Veterans Parkway intersection.; Prime location adjacent to Chipotle, with nearby national retailers like Walmart, Aldi, and Target.
    (605) 334-8040
    Request Owner's contact information
    316 Foss Ave Sioux Falls, SD 57110
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    Sioux Falls, SD 57110
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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
    316 Foss Ave Sioux Falls, SD 57110
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