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    2210 12Th St Sioux Falls, SD 57104

    For Sale
    $950,000

    High-traffic Sioux Falls retail lot. $950,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.8-acre retail opportunity is situated on West 12th Street in Sioux Falls, South Dakota, a location boasting an impressive 25,200 vehicles per day. Ideal for quick-service restaurants (QSRs) or other retail businesses, this property comprises three adjacent lots totaling 0.8 acres. Two of the lots are zoned C-2, providing immediate commercial development potential. The northernmost lot is currently zoned RD-1 and will require rezoning for commercial use. This prime location offers unparalleled visibility and accessibility. For investors seeking a ground lease, the landlord is offering a substantial $200,000 Tenant Improvement Allowance (TIA) to assist with build-out costs. The asking price for this high-demand property is $950,000. Don't miss this chance to secure a prominent position on one of South Dakota's busiest streets. This property presents a unique blend of immediate development potential and long-term growth opportunities in a thriving market.

    Property Features for 2210 12Th St

    General Information

    Property type
    Retail properties

    HighLights

    • High‑visibility QSR/retail site on West 12th Street, Sioux Falls, SD.
    • 0.8‑acre parcel consisting of three adjacent lots.
    • Asking price: $950,000.
    • Ground lease with $200,000 Tenant Improvement Allowance (TIA) available.
    • Zoning: Two C‑2 lots, one RD‑1 lot (rezoning needed for commercial use).
    • High traffic count: 25,200 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -96.756918311633
    Latitude
    43.543949992374

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    FAQs

    What type of property is this?
    Retail property - High-traffic Sioux Falls retail lot. $950,000.
    Where is this retail property located?
    The property is located at 2210 12Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: High-visibility QSR/retail site on West 12th Street, Sioux Falls, SD.; 0.8-acre parcel consisting of three adjacent lots.; Asking price: $950,000.
    Request Owner's contact information
    2210 12Th St Sioux Falls, SD 57104
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    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
    2210 12Th St Sioux Falls, SD 57104
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