0 41St St, Sioux Falls, SD 57106
This exceptional 5.82-acre commercial land parcel presents a remarkable investment opportunity in the thriving southwest area of Sioux Falls, South Dakota. Located on 41st Street in Minnehaha County, zip code 57106, this property boasts excellent visibility and accessibility due to its Ellis Road frontage – a major north-south corridor on Sioux Falls' west side. The area is experiencing significant residential growth, with numerous new housing subdivisions and apartment complexes recently developed. This creates a strong foundation for commercial success, catering to the expanding residential population. The property's proximity to established businesses and amenities further enhances its appeal. Nearby establishments include Sanford Clinic, several schools (St. Katharine Drexel Elementary, Discovery Elementary, Memorial Middle School, Tea Area Frontier Elementary), Silverstar Sanford Family Wellness, restaurants (Valentino's), and retail options (Starbucks, Dollar Tree, Fareway). The seller is open to subdividing the land into smaller lots, providing flexibility for various development scenarios. Detailed engineering plans are available upon request. This location offers a unique blend of established infrastructure and exciting growth potential, making it an exceptional opportunity for businesses seeking a strategic location in a rapidly developing area of Sioux Falls. The land is priced at $16 per square foot. This property is zoned for commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.