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28044975
28044976

4501 W 12th St, Sioux Falls, SD 57106

KZ
SD SD 11941, MN MN 81579
Lloyd Companies
Listed by Lloyd Companies
$7,480,000
213 days on market
Updated 77 days ago

Established RV Park & Apartment Community | 15-Acres

Details
Property Type Land
Sub Type Commercial, Residential
Acreage 15.200
Zoning C-4 Commercial Regional

Future Development Land | 15.02 Acres +/-

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: 6.85%

  • 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

Listing Contacts

KZ
SD SD 11941, MN MN 81579
Lloyd Companies
Listed by Lloyd Companies

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Additional Information

Name
Kristen Zueger
License
SD 11941
Brokerage Phone
6053761903
Title
SD
Brokerage Address
150 East 4th Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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