Fort Pierre Economic Development Opportunities
Commercial Lots For Sale – Teton Island
Location: Junction of US Highways 14 & 83 and SD Highways 34 & 1806. On the Missouri River, directly across from the state capital, Pierre, SD.
Transportation Access: Teton Park offers the highest traffic counts available in the Pierre/Fort Pierre area at 14-17,000 ADT. Fort Pierre provides the most immediate access to the I-90 freeway via an improved 4-lane highway connector and is central to the entire mid-state trade area.
Trade Area Demographics: The 14-county central South Dakota trade area has 41,243 residents as of 2014, projected to grow by 4% population increase by 2021. Together Fort Pierre and Pierre have 16,400 residents – 40% of the trade area. Trade area income was estimated at $2.8 billion in 2012.
Retail Sales Potential: Current consumer sales of $406.3 million are realized by trade area businesses – covering both resident and tourist purchases. Fort Pierre offers strong tourism opportunity with Lake Oahe fishing, hunting and access to four Native American reservations. There is substantial trade area opportunity due to existing sales leakage plus added demand over the next 4-5 years with continuing population and income growth. Apparel and accessories represent the #1 retail opportunity, with substantial potential also indicated for general merchandise, automotive, home furnishings/electronics, specialty retail, retail-related personal service businesses, fast food, special food services and restaurant.
Plat: 32 acres total, 20 lot subdivision with infrastructure in place. Click here for an Adobe Acrobat file or call 605-223-7603 for a detailed plat map.
Improvements: Utilities to lot line.
Lot Sizes & Prices:
|Lot #||Acres||sq. ft.||Price|
|Lot 4A||1.207||52,561||$4.00/sq. ft.|
|Lot 4B||1.353||58,945||$3.75/sq. ft.|
|Lot 5A||1.224||53,314||$4.00/sq. ft.|
|Lot 5B||2.518||109,693||$4.00/sq. ft.|
Taxes: The City of Fort Pierre will provide a 5-year discretionary tax formula for new commercial construction.
Comments: All transactions conducted through the Fort Pierre Development Corporation.
Disclaimer: All information contained herein was obtained from sources deemed reliable but is not guaranteed. Buyers are encouraged to verify all information contained herein to their personal satisfaction.