Property profile

& La Mesa Benson Rd Sioux Falls, SD 57107

OFF-MARKET
Land
140.39 ac lot
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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

Location

& La Mesa Benson Rd Sioux Falls, SD 57107
Sioux Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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