East Park Apartments

3400-3404 East 11th Street Sioux Falls, SD 57103

3400-3404 East 11th Street, Sioux Falls, SD, 57103
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$6,550,000
Last Verified:
Oct 15, 2025

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Highlights

  • Two 42 unit buildings
  • Unit mix: 28 two-bedroom/one-bath, 54 one-bedroom/one-bath, and 2 studios
  • 40 Garages
  • 54 out of the 84 units have been remodeled
  • Current occupancy: 95.24%
  • Building Size: 70,272 SF
  • Lot Size: 2.2 acres
  • Year Built: 1976
  • Zoning: RA-2
  • Common area laundry
  • Landlord pays water, garbage, gas and tenant pays electric
  • Boiler Heat

Description

Two 42 unit buildings
Unit mix: 28 two-bedroom/one-bath, 54 one-bedroom/one-bath, and 2 studios
40 Garages
54 out of the 84 units have been remodeled
Current occupancy: 95.24%
Building Size: 70,272 SF
Lot Size: 2.2 acres
Year Built: 1976
Zoning: RA-2
Common area laundry
Landlord pays water, garbage, gas and tenant pays electric
Boiler Heat

Area Neighbors: Applebee's Grill + Bar, Pizza Ranch, Silverstar Car Wash, Hy-Vee Grocery Store, Eastway Bowl, Jacky's Restaurant, Taco Bell, Starbucks, Washington High School


Year Built: 1976
Building Size: 70272sq ft
Building Class: C
Lot Size: 2.2 acres


Documents

Brochure

Map of 3400-3404 East 11th Street, Sioux Falls, SD, 57103

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.