Mixed Use Development Site - Opportunity Zone

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Over 41 Acres Mixed Use Development Site in Sioux Falls South Dakota (CLICK THE VIDEO LINK TO SEE FULL DETAIL AND AERIAL FOOTAGE)

• Zoned C-4 & LW
• Sioux Falls Airport (FSD) 3.6 miles away (5 minutes)
• Southeast Corner of I29 & I90
• Entire Property within a rare Opportunity Zone for investors looking to place Capital gains liabilities into tax deferred Opportunity Zone Exchange with solid growth potential.
• Retail, Self-Storage, Apartments, Multi Family & more.
• PD Civil Engineering Plans in Place ready to modify.
• Utilities at site
• Value added Storm Water Drains and Fire Hydrants have already been installed
• Growing Area of Sioux Falls which is one of the fastest growing cities in the Midwest
• Easy Access to property
• 3-5-10 and 20 mile radius growing fast.
• National Developers welcome
• Great Tax incentives with South Dakota being a State income tax free State.
• The area is primed for a mixed use retail-apartment development.
• Only a few miles from the Sioux Falls FSD Airport.
• Large companies like Amazon, UPS, Fed Ex, USD, Harley Davidson, Aldi, Walmart, Burger King, Flying J Truck Stop, Clarion Pointe Hotel and more already established around this Development Site.
• Solid Traffic Counts on both I29 & I90
• Topography is ideal for exposure on both Interstates.
• SE1/4 NW1/4 (EX H1 & H2) & NE1/4 SW1/4 (EX SKYLINE HEIGHTS & H-2 & REDSTONE VILLAGE ADDN) 30-102-49 SIOUX FALLS CITY UNPLATTED
  5801 N KIWANIS AVE
  
  City Parcel ID 011630100006000
  
  County / County Parcel ID MINNEHAHA / 14567
  
  Legal
  SE1/4 NW1/4 (EX H1 & H2) & NE1/4 SW1/4 (EX SKYLINE HEIGHTS & H-2 & REDSTONE VILLAGE ADDN) 30-102-49 SIOUX FALLS CITY UNPLATTED
  
  Acres / Square Feet
  41.16 / 1,792,893.00

• Seller willing to subdivide LW from C-4
• Pricing at $5.25 per sq ft (Land) 41.16 Acres $9,412,880
• PD Civil plans available upon request with executed CA
  In Sioux Falls, South Dakota, the average rent for an apartment is around $1,114. However, rental rates can vary significantly based on factors like location, size, and amenities. For example, studio apartments average about $867, while 2-bedroom apartments average $1,163.
  Here's a more detailed breakdown:
• Studio Apartments: Expect to pay around $867 per month.
• 1-Bedroom Apartments: Average rent is around $960.
• 2-Bedroom Apartments: The average rent is around $1,163.
• 3-Bedroom Apartments: You'll likely see an average rent around $1,478.
• Cap Rates for investment Properties are running from 5% to 7% depending on type and location.
• Retail Lease rates depending on location and type of lease are running $20 to $40 per sq ft.