Does Downtown, Sioux Falls, SD have sidewalks?

As of early 2026, 100% of users say there are sidewalks

Is Downtown, Sioux Falls, SD walkable to restaurants?

As of early 2026, 92% of users say it's walkable to restaurants

Are the streets well-lit in Downtown, Sioux Falls, SD?

As of early 2026, 92% of users say streets are well-lit

Is Downtown, Sioux Falls, SD dog-friendly?

As of early 2026, 90% of users say it's dog friendly

Is parking easy in Downtown, Sioux Falls, SD?

As of early 2026, 88% of users say parking is easy

Is a car needed in Downtown, Sioux Falls, SD?

As of early 2026, 78% of users say car is needed

Does Downtown, Sioux Falls, SD show holiday spirit?

As of early 2026, 67% of users say there's holiday spirit

Do residents of Downtown, Sioux Falls, SD plan to stay at least 5 years?

As of early 2026, 67% of users say they plan to stay for at least 5 years

Are neighbors friendly in Downtown, Sioux Falls, SD?

As of early 2026, 54% of users say neighbors are friendly

Is Downtown, Sioux Falls, SD quiet?

As of early 2026, 50% of users say it's quiet

Is Downtown, Sioux Falls, SD walkable to grocery stores?

As of early 2026, 50% of users say it's walkable to grocery stores

Do kids play outside in Downtown, Sioux Falls, SD?

As of early 2026, 50% of users say kids play outside

Would people walk alone at night in Downtown, Sioux Falls, SD?

As of early 2026, 44% of users say people would walk alone at night

Are there community events in Downtown, Sioux Falls, SD?

As of early 2026, 40% of users say there are community events

Are yards well-kept in Downtown, Sioux Falls, SD?

As of early 2026, 38% of users say yards are well-kept

Is there wildlife in Downtown, Sioux Falls, SD?

As of early 2026, 38% of users say there's wildlife

OFF MARKET

500 S Minnesota Ave
Sioux Falls, SD 57104

Downtown

Studio
12,737 sqft (on 0.87 acres)

Studio

12,737 sqft

(on 0.87 acres)

Local Information

Map ViewExplore the area around 500 S Minnesota Ave.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Description

Major downtown development site The Gateway to Downtown. Qualifies for Tax Incremental Financing (TIF). Five older buildings, four tracts of land located on north portion of a block bounded by Minnesota and Dakota Ave and 13th and 14th Sts. 37,920 SF. 21 apt. units in 5 bldgs. 501 S Dakota Ave and 301 W 13th St (2 units, 1 bldg.) and 325 W. 13th St. (3 units 1 bldg.) are one tract; 327 W. 13th (1 tract, 4 units); 500 S. Minnesota (1 tract 8 units); 608 S Minnesota vacant land; 510-12 S Minnesota (1 tract 4 units). Gross rents about $108,000. ALL TRACTS MUST BE PURCHASED TOGETHER. Pricing reflects LAND ONLY at $25.00 SF or $948,000. The 21 units in five buildings are essentially FREE. Zoned C-3. Long-term prospect for this site is not current apartment use. Ideal site for mid-to-high-rise structure with underground parking. TIF could pay significant portion of land cost, utility and other infrastructure. Site elevation is the highest central downtown pinnacle.

500 S Minnesota Ave, Sioux Falls, SD 57104 is a studio, 12,737 sqft multi-family in Downtown, built in 1905. It last sold for $595,000 on Apr 17, 2013. It is currently off market. The Trulia Estimate rent is $1,372/month.

Home Highlights

Parking

Garage

Outdoor

Deck

A/C

Heating & Cooling

HOA

None

Price/Sqft

No Info

Listed

Less than a day ago

Home Details for 500 S Minnesota Ave

Interior Features
Interior Details BasementNumber of Rooms: 20
Heating & Cooling Heating: Baseboard, Forced Air, Radiant, GasAir ConditioningCooling System: Central, OtherHeating Fuel: Baseboard
Levels, Entrance, & Accessibility Stories: 3ElevatorFloors: Tile, Carpet, Concrete, Hardwood, Linoleum Vinyl
Appliances & Utilities Refrigerator
Fireplace & Spa Fireplace

Exterior Features
Exterior Home Features Roof: OtherDeckExterior: Stucco, WoodFoundation Type: Concrete
Parking & Garage GarageParking Space: 1Parking: Garage Attached

Property Information
Year Built Year Built: 1905
Property Type / Style Property Type: Multi FamilyArchitecture: conventional

Community
Units in Building: 8

Lot Information
Lot Area: 0.87 acres

Price History for 500 S Minnesota Ave

Date	Price	Event	Source
04/17/2013	$595,000	Sold	N/A
Recording Date 04/17/2013 Contract Date 04/15/2013 County Transfer Tax $595 Total Transfer Tax N/A
01/15/2013	$948,000	PriceChange	Agent Provided
Price Change $818,000 (629%)
09/19/2012	$130,000	Listed For Sale	Agent Provided

05/25/2011	$692,040	ListingRemoved	Agent Provided

05/12/2011	$692,040	Listed For Sale	Agent Provided

Market trends in Sioux Falls

Last updated May 2026

Avg. sale price

$316K

$2.02KMoM

Sale-to-List Price

99.2%

0.2%MoM

Price per sq ft

$185

$3MoM

Available listings

957

70MoM

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Property Tax and Assessment

Year	2025
Tax	$191,303
Assessment	$19,107,300

Home facts updated by county records

Comparable Sales for 500 S Minnesota Ave

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
1000 S Summit Ave, Sioux Falls, SD	0.47	Multi-Family Home	$1,000,000	10/22/25		-	12,696
316 E 15th St, Sioux Falls, SD	0.39	Multi-Family Home	$515,000	04/29/26		-	4,590
609 S Spring Ave, Sioux Falls, SD	0.14	Multi-Family Home	$253,000	07/10/25		-	2,416
709 S Phillips Ave, Sioux Falls, SD	0.22	Multi-Family Home	$365,000	09/16/25		-	1,980
605 S Spring Ave, Sioux Falls, SD	0.14	Multi-Family Home	$200,000	11/20/25	4	3	1,836
215 E 14th St, Sioux Falls, SD	0.31	Multi-Family Home	$275,000	03/18/26		-	2,358
609 S 2nd Ave, Sioux Falls, SD	0.33	Multi-Family Home	$275,000	03/18/26		-	2,112
608 S Walts Ave, Sioux Falls, SD	0.39	Multi-Family Home	$262,500	04/10/26		-	2,480
719 S 2nd Ave, Sioux Falls, SD	0.35	Multi-Family Home	$200,000	04/23/26		-	1,984
617 S Walts Ave, Sioux Falls, SD	0.43	Multi-Family Home	$224,000	04/22/26		-	2,062

Nearby homes

Get a sense of prices in the area by checking nearby homes.

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SOLD
OCT 31, 2025
$384,000
5 bd
2.5 ba
2,977 sqft
618 S Dakota Ave,
Sioux Falls, SD 57104
FOR SALE
$360,000
3,632 sqft
207 W 14th St,
Sioux Falls, SD 57104
SOLD
NOV 20, 2025
$200,000
4 bd
3 ba
1,836 sqft
605 S Spring Ave,
Sioux Falls, SD 57104
NON-MEMBER AGENCY, Northeast South Dakota BOR
OFF MARKET
Est. $255,500
2,416 sqft
609 S Spring Ave,
Sioux Falls, SD 57104
OFF MARKET
Est. $244,900
2 bd
1.5 ba
1,071 sqft
631 S Dakota Ave,
Sioux Falls, SD 57104
OFF MARKET
Est. $278,100
1,836 sqft
515 W 13th St,
Sioux Falls, SD 57104
OFF MARKET
Est. $273,000
1,704 sqft
2300-2302 W 13th St,
Sioux Falls, SD 57104
OFF MARKET
Est. $247,100
3 bd
1 ba
1,250 sqft
624 S Dakota Ave,
Sioux Falls, SD 57104
OFF MARKET
Est. $231,500
1,528 sqft
635 S Dakota Ave,
Sioux Falls, SD 57104
OFF MARKET
Est. $168,700
3 bd
2 ba
1,414 sqft
518 S Duluth Ave,
Sioux Falls, SD 57104
SOLD
FEB 27, 2026
$230,000
4 bd
1.5 ba
1,876 sqft
520 W 14th St,
Sioux Falls, SD 57104
OFF MARKET
2,808 sqft
637 S Dakota Ave,
Sioux Falls, SD 57104

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Additional Cost

Assigned Schools

These are the assigned schools for 500 S Minnesota Ave.

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