Property profile

2009 47th St Sioux Falls, SD 57105

OFF-MARKET
Auto shops
Property ID
US79-0071988
6,628 SF 0.84 ac lot Built 1976
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 72,383 square foot commercial land parcel is situated at the new intersection of 49th Street and Western Avenue in Sioux Falls, South Dakota, zip code 57105. The property boasts a highly desirable C-2 commercial zoning designation, providing a wide range of development possibilities. Access to the property is via a right-in/right-out configuration on 49th Street. While 47th Street access exists, it will require reconstruction to meet ADA standards; potential buyers should independently verify access details with the City of Sioux Falls. This location offers unparalleled visibility, with a combined daily traffic count of 20,400 vehicles. The property benefits from its position within an established commercial area, surrounded by thriving businesses including Scheels, Running, JL Beers, Crisp & Green, Lawrence & Schiller, and Costco. Its convenient access to 41st Street and Interstate 229 further enhances its appeal. The asking price for this remarkable opportunity is $1,809,575. This is a rare chance to acquire a prime commercial lot in a rapidly growing area of Sioux Falls.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1976
Construction STEEL FRAME
Total area 6,628 SF
Lot 0.84 ac (36,390 SF)
APN 84319
UPID US79-0071988

Cap rate & NOI

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

Location

2009 47th St Sioux Falls, SD 57105-6332
Sioux Falls metro Census 1501 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$621k
Blend (final) Blend
$365k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $775,000 +24.4%

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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