508 S Minnesota Ave, Sioux Falls, SD 57104

5,793 sqft

Sold: $595,000
Sold on 04/15/13

My Notes

Edit
PRIME REAL ESTATE!!This lot is at the Gateway to Downtown. Part of a package deal for sale with 500 S Minnesota, 508 S Minnesota(land only), 327 W 13th St, 325 W 13th St, 301 W 13th St, and 503 S Dakota Ave. 21 units, 5 buildings, 6 garage stalls/shop, and office. It has endless potential. Great location, very good cash flow, In the downtown TIF District. Zoned C-3. You could keep existing rentals, or redevelope and benefit from the TIF bond. Structured correctly, the dirt could be FREE. Current rents are @100,000/yr with a NOI of @71,000 on 21 units. There is a lot of activity going on in the area, and not anything like this for sale. Don't let the opportunity pass you by! Financials to be released to serious buyers under non-disclosure.

Facts

  • Views: 76 all time views
  • Last sold: Apr 2013 for $595,000

    Other

    • Parcel #: 32361
    • Zillow Home ID: 85819083

    Zestimate Details

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    $815/mo
    -$9 Last 30 days
    $636
    $1.2K
    Zestimate range

    Popularity on Zillow

    76 all-time views
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    Neighborhood

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      Nearby Schools in Sioux Falls

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