Property profile

2524 58Th St Sioux Falls, SD 57104

OFF-MARKET
Land
15.14 ac lot
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Property summary

AI-generated overview

This exceptional 15.14-acre industrial land parcel is located at 2524 W. 58th Street N in Sioux Falls, South Dakota, zip code 57104. The property is zoned I-1, providing flexibility for a variety of industrial uses. The asking price is $2,572,043.76, translating to a land value of $4.50 per square foot. This represents a significant opportunity for developers and businesses seeking a strategic location in a thriving area. The property's convenient location offers easy access to major transportation routes, enhancing logistical efficiency. Furthermore, the potential exists to expand the property significantly. An additional 9.9 acres of adjacent land to the south are available for acquisition, presenting a unique opportunity to increase the overall size and development potential of this already substantial parcel. This property is situated within an Opportunity Zone, potentially offering attractive tax advantages for qualified investors. This prime industrial land presents a compelling investment opportunity in a rapidly growing market. Don't miss this chance to secure a substantial footprint in Sioux Falls' dynamic industrial sector. The property is situated in Minnehaha County.

Property profile

Verified
Property type Land
Lot 15.14 ac (659,498 SF)

Cap rate & NOI

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

Location

2524 58Th St Sioux Falls, SD 57104
Sioux Falls metro
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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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