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    OFF-MARKET
    Land

    3201 Ellis Rd, Sioux Falls, SD 57106

    0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial and industrial land parcel, situated just north of the intersection of 41st Street and Ellis Road in Sioux Falls, South Dakota, presents a unique investment opportunity. The property boasts a generous lot size ranging from 0.5 to 4.01 acres, offering flexibility for various development projects. With a land value ranging from $14 to $16 per square foot, this represents a compelling price point in a rapidly expanding area. The location offers excellent visibility and accessibility, with frontage on Ellis Road, a major north-south corridor on the west side of Sioux Falls. The area is experiencing significant growth, evidenced by the recent development of Fareway Meat & Grocery, Dollar Tree, and numerous proposed apartment units. The property's strategic location places it near a substantial existing residential population, as well as key amenities such as Sanford Clinic, several elementary and middle schools, and various retail establishments including Casey's General Store, Shenanigans, and Westridge Plaza. The land is easily subdividable, providing options for smaller-scale developments or partnerships. This prime location in one of Sioux Falls' fastest-growing residential areas makes this an ideal investment for developers seeking to capitalize on the city's robust expansion. The property is located at 3201 S Ellis Rd, Sioux Falls, SD 57106, within Minnehaha County. Further details are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 0.5 ac (21,780 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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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