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Property profile

61st St & Sycamore Ave Sioux Falls, SD 57108

OFF-MARKET
Land
0.71 ac lot

Property summary

AI-generated overview

Exceptional opportunity to acquire one of three remaining commercial land parcels within the highly desirable Graystone Heights Office Park in Sioux Falls, South Dakota. This prime location boasts easy access to 57th and Sycamore Avenue, placing your future development in close proximity to established businesses and residential areas. Neighboring properties include Graystone Heights Apartments, Plains Commerce Bank, and Barrel House, ensuring high visibility and a thriving commercial environment. The available lots offer significant development potential, with Lot 11 and Lot 12 each encompassing 22,800 square feet, priced at $205,200 each, and Lot 13 offering 26,573 square feet for $232,574. The land is priced at $8.75 to $9 per square foot, representing a compelling investment in a rapidly growing area of Minnehaha County. The 0.71-acre total land area provides ample space for a variety of commercial developments, making this an ideal opportunity for investors and developers seeking a strategic location in Sioux Falls, SD, zip code 57108. Act quickly, as these lots are selling fast. This is a rare chance to secure a prominent position in a thriving commercial corridor.

Property profile

Verified
Property type Land
Lot 0.71 ac (30,928 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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