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    2409 Russell St Sioux Falls, SD 57104

    Sponsored
    For Sale
    $496,960

    .713 Acres, I-29 Proximity, Build-to-Suit

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional .713-acre commercial land parcel in Sioux Falls, South Dakota, presents a unique investment opportunity. Located at 2409 W Russell St, in the C-2 District / RE-3 Form zoning, this property offers one of the few remaining frontages on West Russell Street, conveniently situated near the I-29 exit. The 31,060 square foot lot is ideally positioned within a thriving commercial area, surrounded by established businesses and significant landmarks. Nearby attractions include the Elmwood Golf Course, Denny Sanford Premier Center, Sioux Falls Arena, Howard Wood Field, Holiday Inn & Suites, Sheraton Hotel, and Ramada Resort Hotel, ensuring high visibility and accessibility. The property is available for sale or build-to-suit, providing flexibility for various development projects. This prime location offers unparalleled potential for significant return on investment in a dynamic and rapidly growing city. The asking price is $496,960. The property is in Minnehaha County, South Dakota, zip code 57104.

    Property Features for 2409 Russell St

    General Information

    Property type
    Land

    HighLights

    • $496,960 asking price for .713 acres of commercial land.
    • C‑2 District/RE‑3 zoning.
    • 31,060 square foot lot.
    • Located at 2409 W Russell St, Sioux Falls, SD 57104.
    • West Russell Street frontage, near I‑29 exit.
    • Close proximity to Elmwood Golf Course, Denny Sanford Premier Center, Sioux Falls Arena, and multiple hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -96.759501356704
    Latitude
    43.564011784897

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    FAQs

    What type of property is this?
    Land - .713 Acres, I-29 Proximity, Build-to-Suit
    Where is this land located?
    The property is located at 2409 Russell St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $496,960.
    What are key features of this property?
    This property features: $496,960 asking price for .713 acres of commercial land.; C-2 District/RE-3 zoning.; 31,060 square foot lot.
    Request Owner's contact information
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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
    2409 Russell St Sioux Falls, SD 57104
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