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Off market
  • $19,383,600

    500 S Minnesota Ave, Sioux Falls, SD 57104

    --beds
    0baths
    12,737sqft
    MultiFamily
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $1,522/sqft
    $1,174 Estimated rent

    What's special

    Major downtown development site The Gateway to Downtown. Qualifies for Tax Incremental Financing (TIF). Five older buildings, four tracts of land located on north portion of a block bounded by Minnesota and Dakota Ave and 13th and 14th Sts. 37,920 SF. 21 apt. units in 5 bldgs. 501 S Dakota Ave and 301 W 13th St (2 units, 1 bldg.) and 325 W. 13th St. (3 units 1 bldg.) are one tract; 327 W. 13th (1 tract, 4 units); 500 S. Minnesota (1 tract 8 units); 608 S Minnesota vacant land; 510-12 S Minnesota (1 tract 4 units). Gross rents about $108,000. ALL TRACTS MUST BE PURCHASED TOGETHER. Pricing reflects LAND ONLY at $25.00 SF or $948,000. The 21 units in five buildings are essentially FREE. Zoned C-3. Long-term prospect for this site is not current apartment use. Ideal site for mid-to-high-rise structure with underground parking. TIF could pay significant portion of land cost, utility and other infrastructure. Site elevation is the highest central downtown pinnacle.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Baseboard, Forced air, Radiant, Gas
    Cooling
    • Central, Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Carpet, Concrete, Hardwood, Linoleum / Vinyl
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 12,737 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached, Garage - Detached, Off-street
    Features
    • Exterior features: Stucco, Wood
    Lot
    • Size: 0.87 Acres
    Details
    • Parcel number: 32359

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Foundation: Concrete
    • Roof: Other
    Condition
    • Year built: 1905

    Community & neighborhood

    Location
    • Region: Sioux Falls
    Services availability