& La Mesa Benson Rd, Sioux Falls, SD 57107
This exceptional 140.39-acre commercial land parcel presents a unique development opportunity in Sioux Falls, South Dakota. Located near Benson Road & La Mesa in Minnehaha County, zip code 57107 (43.5873906, -96.8109982), this property offers significant potential for various commercial uses. The land is divided into three parcels. Parcel 1, encompassing 49.3 acres, is priced at $45,000 per acre. Parcel 2, spanning 91.09 acres, is available for offers. Parcel 3, a 6.69-acre parcel, is priced at $3.00 per square foot and is only available for sale with Parcel 1, or after Parcel 1 is sold and the transaction is closed. Note that Parcel 3 will be subject to a road easement providing access from Benson Road to Parcel 1. City water is readily available, and a city sewer connection is currently under review. Developers will be responsible for constructing hard-surfaced roads on the arterial roads. Proposed land use plans indicate zoning flexibility to accommodate a range of commercial projects. This prime location and the potential for diverse development make this a compelling investment opportunity.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.