Prime Downtown Redevelopment Site
Prime Downtown Redevelopment Site
Marketing description
More than ½ acre in the heart of Sioux Falls, just one block west of Minnesota Avenue. Five parcels with frontage on 11th Street and Spring Avenue, existing utility hookups, and zoning potential for MMU1 or MD2.
High visibility with 11,500 vehicles/day and surrounded by major investment, including the Southeastern Behavioral Health redevelopment. Ideal for mixed-use, residential, or boutique commercial projects. Preliminary concept plan includes a three-story building with ground-floor commercial and upper-level residential units.
Seize this rare opportunity to build in one of downtown’s fastest-evolving districts
Investment highlights
LOTS DETAILS:
$26/Sq Ft for a total of $599,900
More than a half acre of land one block off Minnesota Avenue on 11th Street
Prime candidate for rezoning to Midtown Mixed-Use Low Density (MMU1) or Multiple Dwelling Medium (MD2)
Includes an open parking lot and buildings to be demolished as part of the redevelopment.
Traffic count on 11th Street: 11,500 vehicles/day
LOT SIZES:
514-516 W 11th Street: 0.083 Acres, 3,608 Sq Ft
512 W 11th Street: 0.068 Acres, 2,940 Sq Ft
231 S Spring Avenue: 0.083 Acres, 3,618 Sq Ft
227 S Spring Avenue: 0.07 Acres, 3,040 Sq Ft
223 S Spring Avenue: 0.227 Acres, 9,900 Sq Ft
TOTAL: 0.531 ACRES, 23,106 SQ FT
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