2912 Rice St, Sioux Falls, SD 57103

This exceptional investment opportunity in Sioux Falls, South Dakota, presents a unique blend of industrial and residential properties. Located at 2912 E Rice St, this 34,848 square foot property boasts a diverse portfolio of assets. The site includes two separate two-bedroom, one-bathroom houses, providing immediate rental income potential. Eleven garage stalls, complemented by extensive additional parking, cater to diverse needs. A standout feature is a heated double-car garage stall, currently set up as a workshop, offering versatile usage options. The property's zoning allows for both mobile home and light industrial uses (S 1/2 Mobile home///N 1/2 Light Industrial), maximizing flexibility and potential returns. Built in 1940, the five buildings sit on a single lot, offering significant development potential. The property's strategic location near the interstate ensures convenient access to all areas of Sioux Falls, enhancing its appeal to both residents and businesses. The asking price is $350,000, translating to $10.04 per square foot. This represents a compelling investment opportunity with strong potential for appreciation and diverse income streams. The property is owned by Meier Construction LLC. This property is a rare find in the Sioux Falls market, offering a unique combination of residential and industrial uses in a highly desirable location.