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.
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
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