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    OFF-MARKET
    Land

    & La Mesa Benson Rd, Sioux Falls, SD 57107

    140.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 140.39 ac (6,115,388 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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