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    1301 Russell St Sioux Falls, SD 57104
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    Property profile & analytics

    1301 Russell St Sioux Falls, SD 57104


    • Hotels
    • 123,701 SF
    • 7.03 lot acres
    Ramada Hotel: Sioux Falls, SD For Sale
    $16,500,000
    123,702 SF

    Ramada Hotel: Sioux Falls, SD

    Profitable Hotel, Prime Location, High Cap Rate

    1301 Russell St, Sioux Falls, SD 57104
    View Listing
    Property ID
    US79-0046932
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Boston's Pizza Sioux Falls / Restaurant
    • Ramada by Wyndham Sioux Falls Airport-Waterpark & Event Ctr / Hotel & Motel
    • Boss' Pizzeria and Sports Bar / Take-out & Catering / Catering Service
    • ATM / Atm

    Property Details for 1301 Russell St

    Year built
    1962
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.03 lot acres
    Property size
    123,701 SF
    Zone code
    FP;FP
    Property type
    Hotels
    APN
    24659
    APU
    24659

    Description

    This exceptional 1.28-acre commercial lot, located at 1301 W Russell St in Sioux Falls, South Dakota, presents a unique investment opportunity. Situated in Minnehaha County, zip code 57104, this property boasts a highly desirable location adjacent to the Ramada, ensuring excellent visibility and accessibility. The permitted zoning is Commercial, making it ideal for a variety of uses. Envision a thriving strip mall or a fast-food establishment capitalizing on the high traffic volume in this area. The lot's size allows for significant development potential, and a build-to-suit option may be considered. While the existing building on the site, constructed in 1962, measures 123,701 square feet, the sale focuses on the land itself, offering a blank canvas for your vision. This prime location and flexible zoning make this a rare find in the competitive Sioux Falls market. Don't miss this chance to acquire a strategically positioned commercial property with immense growth potential. The property's coordinates are 43.5624474 latitude and -96.7457271 longitude.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $1,200,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,517,000
      Market price range: $2.13M - $4.58M
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,715,000
      Current use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7453
    Latitude
    43.5626
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $166,568
    $1,071,100
    $7,795,200
    $8,866,300
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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