4512 59Th St Sioux Falls, SD 57106
- Commercial real estate
- 2.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4512 59Th St
- Lot size
- 2.06 lot acres
- Zone code
- MUNICIPALITY
- Property type
- Commercial real estate
- APN
- 282.12.01.001
- APU
- 2821201001
Description
This exceptional 2.24-acre commercial land parcel presents a unique investment opportunity in southwest Sioux Falls, South Dakota. Located at 4512 W 59th St, zip code 57106, this property boasts a highly elevated lot with excellent drainage, ensuring optimal site conditions for development. The land is zoned PD, permitting a variety of commercial uses, including office and retail spaces. This allows for significant flexibility in project planning and potential tenant acquisition. The asking price is $951,350, translating to a land value of $9.75 per square foot. Given its size, zoning, and desirable location within Sioux Falls, this property offers substantial potential for significant return on investment. The improved land is ready for immediate development, eliminating the need for extensive site preparation. Its strategic location within Lincoln County provides easy access to major transportation routes and a thriving commercial district, making it an attractive proposition for businesses seeking a prominent presence in the Sioux Falls market. This is a rare opportunity to acquire a sizeable, well-situated commercial lot in a rapidly growing area. Don't miss out on this chance to secure a prime piece of Sioux Falls real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $305,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $260,000
- Mixed-Use
- $260,000
- Hospitality
- $320,000
- Educational
- $325,000
- Residential Income
- $255,000
- Energy
- $290,000
- Income-Based Land
- $310,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7803
- Latitude
- 43.4962
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA