1301 Russell StSioux Falls, SD 57104

Property Details for 1301 Russell St

Year built

1962

Construction

TYPE NOT SPECIFIED

Lot size

7.03 AC

Property size (Sq ft)

123,701 SF

Zone code

FP;FP

Property type

Hotels

APN

24659

APU

24659

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $21,700,210

  6.5%

  $20,030,964

  7%

  $18,600,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,837,193

  Geo Method

  $14,837,193

• Alternative Use

  Use

  Valuation

  Residential

  $21,867,992

  Hospitality

  $20,030,964

  Educational

  $16,665,526

  Medical

  $17,238,680

  Retail

  $25,924,152

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5626

Longitude

-96.7453

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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