Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Canton Commercial and Industrial Land Title is generated by Realmo AI

    West Innovation Street Canton SD USA, Canton, SD 57013

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial and industrial land near Highway 18 in Canton, SD.

    Type:Land
    Lot size:
    4.62 Acres
    Added:
    Dec 8, 2021
    Days on Market:
    1626
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for West Innovation Street Canton SD USA

    General Information

    Standard status
    Active
    Lot size
    4.62 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Nick Thompson

    Listing agent Nick Thompson License #15358

    Listing office KW Keller Williams Realty, Inc

    Listing date Dec 8, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Keller Williams Realty, Inc

    HighLights

    • Proximity to Highway 18 provides access to I‑29 and Canton.
    • Located in the Canton Industrial Park.
    • South Dakota Certified Ready Site.
    • City water, sewer, and electricity are readily available.
    • Located 17 miles south of Sioux Falls.
    • 4.62 +/- acre parcel.

    Overview

    This commercial and industrial land is located with close proximity to Highway 18, providing access to I-29 and the community of Canton, South Dakota. The Canton Industrial Park is located on the western edge of Canton, along HWY 18, 9 miles from I-29 exit 62, and 17 miles south of Sioux Falls. The parcel is 4.62 acres. City water, sewer, and electricity are readily available. This is a South Dakota Certified Ready Site. More information can be found at www.cantonsd.org/doing-business/canton-industrial-park/
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Canton
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.6239977
    Latitude
    43.3057201

    Nearby Similar for Sale

    • $215,000
      2,094 SF

      Canton Commercial Property For Sale

      High-visibility commercial property ideal for restaurant or retail use.
      401 E 5th St, Canton, SD 57013
      View Details
    • $1,695,000

      61.75 Acres Vacant Land

      Land with mature timber, river frontage, and development potential.
      288th Street, Canton, SD 57013
      View Details
    • $641,224

      Canton, SD Industrial Land

      Commercial and industrial land near Highway 18 and I-29.
      W Innovation St, Canton, SD 57013
      View Details
    • $649,000
      5,235 SF

      Mixed-Use Building in Canton, SD

      Two-story building with retail and office spaces for sale.
      102 W 5th St, Canton, SD
      View Details
    • $472,930

      Canton Industrial Land For Sale

      Commercial and industrial land with highway access near Sioux Falls.
      W Innovation St, Canton, SD 57013
      View Details
    • $490,877

      Canton Land Ready Site

      Commercial and industrial land near Highway 18 in Canton, SD.
      W Innovation St, Canton, SD 57013
      View Details
    • $495,000
      5,615 SF

      Industrial Warehouse with Fenced Storage

      Warehouse with concrete floors, utilities, and fenced outdoor storage.
      West Ave, Canton, SD
      View Details
    • $380,000

      Secluded Land with River Views

      3+ acre Canton land with panoramic views and utilities.
      483rd Ave & Arrowhead Pl, Canton, SD 57013
      View Details
    • $2,000,000
      18,048 SF

      New Industrial Building with Shop Units

      Newly constructed industrial building with shop units and expansion potential.
      1115 E 5th St, Canton, SD
      View Details
    • $59,500

      Residential Land in Canton, SD

      Residential lot suitable for building in Canton, South Dakota.
      E 3rd St, Canton, SD 57013
      View Details
    • $490,877

      Canton Commercial and Industrial Land

      Commercial and industrial land near Highway 18 in Canton, SD.
      W Innovation St, Canton, SD 57013
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial and industrial land near Highway 18 in Canton, SD.
    Where is this commercial land located?
    The property is located at West Innovation Street Canton SD USA Canton, SD.
    What is the asking price?
    The asking price for this property is $472,930.
    What are key features of this property?
    This property features: Proximity to Highway 18 provides access to I‑29 and Canton.; Located in the Canton Industrial Park.; South Dakota Certified Ready Site.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Thompson
    Real Estate License ID: 15358
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    West Innovation Street, Canton, SD, USA, Canton, SD 57013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!