Property profile

1301 W Russell St Sioux Falls, SD 57104

FOR SALE
Hotels
Property ID
US79-0046932
123,701 SF 7.03 ac lot Built 1962
Entity Owned 7-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 123,701 SF
1301 W Russell St, Sioux Falls, SD 57104
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 123,701 SF
Lot 7.03 ac (306,053 SF)
Zoning code FP;FP
APN 24659
UPID US79-0046932

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Hotel & Motel
  • Take-out & Catering Catering Service
  • Atm

Location

1301 W Russell St Sioux Falls, SD 57104
Sioux Falls metro Census 201 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.52M
Blend (final) Blend
$1.86M

Owner & transaction history

since 2019
2 recorded transactions
2019
$10.0M
2018
Price N/A

Zoning & alternative use

FP;FP · Sioux Falls, SD

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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