2009 47Th StSioux Falls, SD 57105

Property Details for 2009 47Th St

Year built

1976

Construction

STEEL FRAME

Lot size

0.84 AC

Property size (Sq ft)

6,628 SF

Property type

Retail properties

Property subtype

Auto shops

APN

84319

APU

84319

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,504,800

  6.5%

  $1,389,046

  7%

  $1,289,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $852,499

  Geo Method

  $852,499

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,712

  Hospitality

  $1,073,282

  Educational

  $892,958

  Medical

  $923,668

  Retail

  $1,389,046

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5088

Longitude

-96.7504

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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