47393 272Nd St Harrisburg, SD 57032

Property Details for 47393 272Nd St

Lot size

2.93 lot acres

Property type

Commercial real estate

Description

This exceptional 2.93-acre commercial land parcel presents a unique investment opportunity in Harrisburg, South Dakota. Located in northwest Harrisburg, just west of Minnesota Avenue (Highway 115), this property boasts convenient access to major transportation routes. Currently zoned for residential use, it has been rezoned to General Business, expanding its development potential. The property has also been annexed into the City of Harrisburg, providing access to city services. Significant infrastructure improvements are underway, with 272nd Street projected to be paved from Minnesota Avenue to Louise Avenue within two years. City water is already stubbed into 272nd Street west of Minnesota Avenue, and connection to the city's sanitary sewer system is highly likely. The property is serviced by Xcel Energy (electric) and MidAmerican Energy (natural gas). While the buyer will be responsible for platting fees ($1,000/acre) and arterial street fees ($3,100 per 1,000 square feet of building size), this investment offers substantial upside. The seller may retain some personal property on-site, and the buyer will be responsible for demolition of existing structures and site clearing. The property's current real estate taxes are $3,348.62. The asking price is $827,846, with a land value of $6.50 per square foot. A potential buyer may need to grant a right-of-way on 272nd Street upon platting. This property is suitable for a variety of commercial uses and represents a compelling opportunity for developers and investors alike.