Stone Lake Addition

Hwy 17 & 272nd Street Tea, SD

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Sale Price: $2,052,000

Total Available Space: 5,043,089 sq. ft. (115 acres)

Suite Size: 5,043,089 sq. ft. (115 acres)

Property Type: Land

Property Description

Property Features

  • Parcel size: +/- 115.76 assessed acres
  • +/- 5,043,089 square feet
  • Zoning: RR - Rural Residential
  • Preliminary development plan allows up to 82 residential lots
  • Preliminary engineering and development plan already completed
  • Utility Services:
    • Gas - MidAmerican Energy
    • Electric - Southeastern Electric
    • Water - Lincoln County Rural Water
    • Sewer - Septic
  • Located next to the popular Homestead Acres Residential Development just west of Tea, SD
  • Offers a rural residential development opportunity within minutes of Sioux Falls
  • Ownership group includes licensed South Dakota Real Estate Brokers
  • One of the owners is willing to remain involved with a new partner - contact broker for details

Pricing

  • List price: $2,052,000 ($0.41/ sq. ft.)
  • $18,000/ buildable acre
  • 2019 Real Estate Taxes: $2,809.54

Brokers

Dennis Breske, CCIM, SIOR, MBA

Senior Vice President

Office Phone: (605) 444-7100

Dennis founded NAI Sioux Falls in June of 1999 and has over 20 years' experience in the Sioux Falls commercial real estate marketplace. Dennis has completed over 1,000 commercial real estate transactions and is widely regarded as one of the most professional and knowledgeable agents in the Sioux Falls market. 

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Marcus Mahlen, CCIM

Senior Vice President

Office Phone: (605) 444-7116

Since joining NAI Sioux Falls, in February, 2017 as a broker associate,  Marcus Mahlen has earned his CCIM designation and is a 2019 Graduate of Leadership South Dakota.

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