Feb. 5, 2019

A piece of land near Costco has gone on the market.

The 7.2 -acre property is southeast of the Costco store and eventually will have 49th Street running in front of it.

It was part of the Dan Dugan Oil Transport tank farm and has been cleared for development by the Department of Environment and Natural Resources, according to Craig Hagen of NAI Sioux Falls.

The property is owned by an investment company connected to Vern Eide, which has an Acura dealership not far away. At one point, it was envisioned as the home of the Safety Village of South Dakota, which is now at the W.H. Lyon Fairgrounds.

“It could become additional apartments to the south of Dakota Pointe (apartments), and there will be some frontage to the future 49th Street, which could develop as retail or services,” Hagen said.

The property is listed at $1.59 million.

The extension of 49th Street isn’t in the city’s five-year capital plan and is dependent on the future expansion and reconstruction of the Minnesota Avenue interchange at Interstate 229.