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    Development Wilbert Sq, Brookings, SD 57006

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    AI-generated overview

    Exceptional commercial land investment opportunity in Brookings, South Dakota, awaits at Wilbert Square Development. This prime location boasts 787,283 square feet of land zoned B-4, offering significant potential for various commercial ventures. The property comprises fourteen vacant lots, most contiguous, ranging in size from approximately 39,470 square feet to over 109,961 square feet, with several falling within the 40,000 to 62,000 square foot range. Benefitting from high visibility and density, the site enjoys excellent I-29 frontage exposure. The surrounding area is thriving, featuring established businesses such as Taco Bell, Little Caesar's, Teed Off, and Woody's Axe Place. Its proximity to a 100-room Comfort Suites Hotel, a large event/convention center, and a restaurant further enhances its appeal. The location's strategic placement near South Dakota State University, the SDSU Research Park, major retailers, and an interstate access ramp ensures high traffic volume and accessibility. Wilbert Court is now a partially completed paved road, improving site access. The asking price is $7,875,000, translating to $10 per square foot. Note that the listed address, square footage, price per square foot, and lot size are examples due to the multiple parcels available. Detailed parcel information is available upon request.

    Property profile
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    Property type Land
    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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