0 Innovation St Canton, SD 57013
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.
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.