950 Blaine Ave Sioux Falls, SD 57103
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 950 Blaine Ave
- Property type
- Commercial real estate
Description
This exceptional 24,835 square foot lot, located at 950 S Blaine Ave in Sioux Falls, South Dakota, presents a compelling investment opportunity. Zoned RA-1, this property allows for the construction of multi-family residential buildings. Specifically, the permitted zoning allows for low-density apartment residential development, with the potential to build up to 24 units per building. Preliminary plans suggest the possibility of constructing two separate buildings on this sizable lot, maximizing development potential. The site enjoys convenient access to major thoroughfares, including 10th and 26th Streets, and Interstate 229, ensuring excellent connectivity for future residents. Situated in the heart of east Sioux Falls, this location offers proximity to various amenities and services. The asking price is $289,999. Prospective buyers are responsible for verifying all site plans and obtaining necessary approvals from the city of Sioux Falls before commencing any construction. This property is ideal for developers seeking a prime location for a multi-family residential project in a thriving South Dakota market. The property is in Minnehaha County, South Dakota, zip code 57103.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.6920634
- Latitude
- 43.5380167
