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Property profile & analytics
OFF-MARKET
Land

0 Innovation St Canton, SD 57013

2.9 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.9-acre parcel, situated in the Canton Industrial Park, presents a remarkable opportunity for commercial or industrial development. Located on W Innovation St in Canton, South Dakota (zip code 57013), this property boasts convenient access to Highway 18, providing seamless connectivity to I-29 and the thriving community of Canton. The land is zoned for heavy industrial, light industrial, research & development, business services, and rural business park uses, offering considerable flexibility for diverse projects. Priced at $347,391 ($2.75/sq ft), this South Dakota Certified Ready Site is fully serviced with readily available city water, sewer, and electricity. Existing infrastructure includes paved frontage and stubbed-in utilities, minimizing development hurdles. The property's strategic location, just 9 miles east of I-29 exit 62 and 17 miles south of Sioux Falls, ensures excellent regional accessibility. Attractive incentives are available, including a 5-year property tax abatement (20/40/60/80/100) on new construction and a local sales tax rebate program. Water and wastewater services are provided by the City of Canton, electricity by Xcel Energy and Southeastern Electric Cooperative, telecom by SDN Communications, and natural gas by MidAmerican Energy. The APN is TBD - 200.52.15.501. Sale is subject to Canton Economic Development Corporation (CEDC) approval. This is an ideal location for businesses seeking expansion or a new foothold in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 2.9 ac (126,324 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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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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