
Established RV Park & Apartment Community | 15-Acres
Future Development Land | 15.02 Acres +/- | 7.88% Cap
Marketing description
Lloyd Commercial Real Estate is pleased to present this income-generating asset boasting an NOI of $512,000 in 2025. Income-producing development land for sale at the southwest corner of I-29 and West 12th Street in Sioux Falls. This site offers prime frontage with nearly 1,150 feet along I-29 and 700 feet along 12th Street. The property currently operates as a successful year-round RV park with 117 spaces and 34 efficiency apartments. With C-4 zoning and utilities in place, the site provides an exceptional opportunity for future redevelopment while producing income in the interim.
The 12th Street & I-29 corridor features a healthy mix of national and regional retailers, including Luxury Auto Mall, Northern Tool + Equipment, Harbor Freight, Starbucks, Taco Bell, Wells Fargo, and Voyage Credit Union. 12th street acts as a gateway to downtown drawing over 107,000 VPD at this corridor. Nearby attractions like The Great Plains Zoo, Minnehaha Country Club, and Thunder Road Amusement Park contribute to steady year-round activity. Strong demographics and ongoing westside investments, like the $18M Kuehn Park Pool upgrade, support long-term development potential.
Investment highlights
- Zoning: C-4 Commercial Regional
- RE Taxes: $74,762.98 (2025 Taxes Payable in 2026)
- Utilities: natural gas, water/sewer, electricity
- Currently operates as a successful year-round RV Park:
- Income generating property
- 117 space RV park
- 34 efficiency apartments
- 2025 NOI $512,198
- Cap Rate: 7.88%
- Nearly 1,150' of frontage along I-29 and 700' along 12th street
- 10' utility easement along NW property line
- Clean Phase I Environmental Report completed in 2020
- Existing buildings on-site - contact Broker for details
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