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    OFF-MARKET
    Land

    900 La Mesa Dr, Sioux Falls, SD 57107

    9.45 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 9.45 ac (411,642 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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