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    2500 60Th St Sioux Falls, SD 57107

    For Sale
    $6,649,190

    149 Acres, Mixed-Use Potential, I-29 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 149.42-acre property presents a unique investment opportunity in Sioux Falls, South Dakota. Strategically located along West 60th Street North, this expansive land parcel offers significant development potential, blending commercial and residential uses. A key feature is a 5-acre corner lot at Kiwanis Avenue and West 60th Street North, already zoned C-4 Commercial within Sioux Falls city limits. This allows for immediate development of commercial projects. The remaining acreage, while currently outside city limits, presents a compelling opportunity for annexation, opening up a wide range of development possibilities. The property boasts convenient access to major transportation arteries, including Interstate-29 and Interstate-90, ensuring excellent connectivity. Furthermore, its proximity to the Sioux Falls Regional Airport and the Sanford Sports Complex adds significant value. Existing infrastructure includes sewer lines running through the property, and water access is readily available via Kiwanis Avenue. This substantial land holding offers a rare chance to shape the future of this rapidly growing area. The asking price is $6,649,190. Serious inquiries only.

    Property Features for 2500 60Th St

    General Information

    Property type
    Land
    Lot Size
    6,508,735 SF

    HighLights

    • 149.42‑acre development opportunity in Sioux Falls, SD, priced at $6,649,190.
    • Prime 5‑acre C‑4 commercially zoned corner lot at Kiwanis Ave & W 60th St N, ready for immediate development.
    • Remaining acreage offers annexation potential for diverse development options.
    • Excellent access to I‑29, I‑90, Sioux Falls Regional Airport, and Sanford Sports Complex.
    • Existing sewer lines and readily available water access via Kiwanis Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness HVAC Service Bar & Pub Garden Center Discount 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
    -96.7600934
    Latitude
    43.6029325

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    FAQs

    What type of property is this?
    Land - 149 Acres, Mixed-Use Potential, I-29 Access
    Where is this land located?
    The property is located at 2500 60Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $6,649,190.
    What are key features of this property?
    This property features: 149.42-acre development opportunity in Sioux Falls, SD, priced at $6,649,190.; Prime 5-acre C-4 commercially zoned corner lot at Kiwanis Ave & W 60th St N, ready for immediate development.; Remaining acreage offers annexation potential for diverse development options.
    (605) 521-5444
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    2500 60Th St 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
    2500 60Th St Sioux Falls, SD 57107
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