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    Park Viii Sioux Falls, SD 57104

    Sponsored
    For Sale
    $797,801

    4.3-Acre Build-Ready Industrial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.3-acre industrial land parcel, situated in Sioux Falls, South Dakota's thriving Park VIII East development, presents a prime opportunity for light industrial development. Located in Minnehaha County, zip code 57104, this build-ready lot is zoned I-1 for light industrial use, ensuring seamless project commencement. All utilities are readily available on-site, eliminating infrastructure hurdles. The property features protective covenants in place, guaranteeing a consistent and high-quality development environment. On-site detention (BMP) is required, reflecting a commitment to sustainable development practices. Priced at $797,801.40, or $4.50 per square foot, this lot offers significant value for its size and location within a well-established industrial park. The lot is easily subdividable or combinable with adjacent parcels, providing flexibility for various project scales and needs. This is a rare opportunity to acquire a fully prepared site, ready for immediate development, in a desirable and rapidly growing area. Don't miss this chance to secure your ideal industrial footprint in Sioux Falls.

    Property Features for 0 Park Viii

    General Information

    Property type
    Land
    Lot Size
    187,308 SF

    HighLights

    • Protective covenants in place.
    • Zoned I‑1 for light industrial use.
    • All utilities available on‑site.
    • On‑site detention (BMP) required.
    • Build‑ready lot.
    • Lot is subdividable or combinable with adjacent parcels.
    Property Profile 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
    -96.671524450542
    Latitude
    43.600325728053

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    FAQs

    What type of property is this?
    Land - 4.3-Acre Build-Ready Industrial Lot
    Where is this land located?
    The property is located at Park Viii Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $797,801.
    What are key features of this property?
    This property features: Protective covenants in place.; Zoned I-1 for light industrial use.; All utilities available on-site.
    Request Owner's contact information
    Park Viii 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
    Park Viii Sioux Falls, SD 57104
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