900 La Mesa Dr, Sioux Falls, SD 57107
This exceptional 9.45-acre parcel presents a unique investment opportunity in the rapidly expanding northwest area of Sioux Falls, South Dakota. Strategically located at the southeast corner of Madison Street and La Mesa Drive, this property boasts unparalleled access to Interstate 29 via the Madison interchange, less than 1.5 miles away. The convenient location offers significant advantages for developers seeking quick access to major transportation routes. The land is currently zoned RR rural residential, presenting potential for rezoning to multi-family use, subject to city approvals. This versatility makes it suitable for a wide range of development projects. It's important to note that a portion of this property lies within a designated floodplain area. Detailed floodplain information is available upon request. This prime location, combined with its size and potential for rezoning, makes this a highly attractive proposition for investors and developers looking to capitalize on Sioux Falls' continued growth. The property address is 900 N La Mesa Dr, Sioux Falls, SD 57107, within Minnehaha County. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and floodplain impacts.
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.
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.