202-280-2722
1223 Tom Sawyer Trl, Harrisburg, SD for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

1223 Tom Sawyer Trl
Harrisburg, SD 57032


HIGHLIGHTS

  • Sioux Falls Growth: One of the Midwest’s fastest-growing cities, with a 63% population increase (1990-2015) and 6.3% growth over the past five years.
  • Prime Location & Modern Living: Sawyer Pointe in Harrisburg, SD, offers suburban living 15 min from Sioux Falls, with 205 high-end units & amenities.
  • Strong Economy & High Incomes: Harrisburg’s 9% annual growth, $119K avg. household income, 1.4% unemployment, and no state income tax.

OVERVIEW

SIOUX FALLS, SD NAMED ONE OF THE FASTEST GROWING CITIES: Sioux Falls, South Dakota, has been recognized as one of the fastest- growing cities in the Midwest by several publications. The Wall Street Journal noted that between 1990 and 2015, Sioux Falls experienced a 63% population increase, making it the fastest-growing metro area of more than 50,000 people between Ohio and North Dakota during that period. Additionally, a 2023 report highlighted that Sioux Falls’ population grew by 6.3% over a recent five-year span, this ranks it as the fastest-growing metro area in the Midwest among regions with at least one urbanized area of 50,000 people or more. These recognitions underscore Sioux Falls’ significant growth and its increasing prominence in the region. PRIME LOCATION IN THE SIOUX FALLS SUBURB OF HARRISBURG: Sawyer Pointe is ideally located in Harrisburg, SD, a rapidly growing suburb just 15 minutes south of downtown Sioux Falls, allowing residents to enjoy the economic benefits of South Dakota’s largest city while maintaining a peaceful suburban lifestyle w/ access to the highly desirable Harrisburg School District. The property is adjacent to the west of the recently opened Harrisburg Freedom Elementary School and adjacent to the north of the Harrisburg High School and Sports Complex. MODERN AND WELL-MAINTAINED PROPERTY W/ COMPETITIVE AMENITIES: The building features high-end construction and contemporary design elements that was delivered in two separate phases. Phase 1 (delivered in 2018/2019) features 5 townhome style buildings w/ a total of 61 units while Phase 2 (delivered in 2020/2021) features 4 multifamily buildings w/ a total of 144 units. Each unit is equipped with 9-foot ceilings, modern kitchens, hardwood floors, balconies or patios, and in-unit washers and dryers. Community amenities include a 2,900 square foot clubhouse, an outdoor pool & patio w/ multiple grilling station, a modern on-site fitness center & a public dog park .2 miles from the property. Sawyer Pointe also features garages available for rent, controlled access to all buildings & package receiving technology designed to enhance the tenant experience. EXTREMELY STRONG EMPLOYMENT & HIGH-INCOME MARKET: Harrisburg has a current growth rate of 9% annually and the population has increased by 50% since census in 2020, totaling over 10,000 residents as of 2024. The average household income within a five-mile radius of Sawyer Pointe is $119,000 while the median home value sits at $320,000. The unemployment rate in Sioux Falls is 1.4%, underscoring the area’s economic stability which is supported by the key industries of healthcare, finance, and manufacturing. South Dakota’s lack of state income tax and business-friendly policies attract residents and employers alike, bolstering the area’s consistent population growth and housing demand.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

204

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sawyer Pointe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

334

LAND DETAILS

LAND ACRES

10.09 AC

LAND SF

439,303 SF

ZONING

-

APN/PARCEL ID

270.82.01.001,270.82.01.002

ASK ABOUT THIS PROPERTY

Yassi GhashghaiGreysteelMore Info
202-280-2722

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Yassi GhashghaiGreysteelMore Info
202-280-2722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.