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    4512 59Th St Sioux Falls, SD 57106

    Sponsored
    For Sale
    $951,350

    2.24 Acres, Office/Retail Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.24-acre commercial land parcel presents a unique investment opportunity in southwest Sioux Falls, South Dakota. Located at 4512 W 59th St, zip code 57106, this property boasts a highly elevated lot with excellent drainage, ensuring optimal site conditions for development. The land is zoned PD, permitting a variety of commercial uses, including office and retail spaces. This allows for significant flexibility in project planning and potential tenant acquisition. The asking price is $951,350, translating to a land value of $9.75 per square foot. Given its size, zoning, and desirable location within Sioux Falls, this property offers substantial potential for significant return on investment. The improved land is ready for immediate development, eliminating the need for extensive site preparation. Its strategic location within Lincoln County provides easy access to major transportation routes and a thriving commercial district, making it an attractive proposition for businesses seeking a prominent presence in the Sioux Falls market. This is a rare opportunity to acquire a sizeable, well-situated commercial lot in a rapidly growing area. Don't miss out on this chance to secure a prime piece of Sioux Falls real estate.

    Property Features for 4512 59Th St

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    HighLights

    • 2.24 acres of improved commercial land in Sioux Falls, SD.
    • Highly elevated lot with excellent drainage.
    • PD zoning allows for office and retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Lincoln
    State
    South Dakota
    Longitude
    -96.6958939
    Latitude
    43.4896557

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    FAQs

    What type of property is this?
    Land - 2.24 Acres, Office/Retail Zoning
    Where is this land located?
    The property is located at 4512 59Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $951,350.
    What are key features of this property?
    This property features: 2.24 acres of improved commercial land in Sioux Falls, SD.; Highly elevated lot with excellent drainage.; PD zoning allows for office and retail development.
    (605) 444-7100
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    4512 59Th St 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
    4512 59Th St Sioux Falls, SD 57106
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