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Sale Price
$6.00 / SF
Parcel #1 Size
0.28 Acres +/-
Parcel #1 Size
12,361 SF +/-
Parcel #2 Size
2.47 Acres +/-
Parcel #2 Size
107,713 SF +/-
Location Highlights
The Lake Pointe Development is situated along Highway 34 on the north shore of Lake Madison, with convenient connections to Highway 19 and downtown Madison. The surrounding area offers established recreational amenities, including boating, fishing, marinas, lakeside dining, and golf. Nearby Madison provides access to retail, healthcare, employment centers, and Dakota State University.
Description
- Two parcels totaling approximately 2.75 acres within the Lake Pointe Development
- Parcel #1: 0.28 acres | Commercial zoning
- Parcel #2: 2.47 acres | Multifamily Residential zoning (RA-1 / RA-2)
- Frontage and access along Highway 34, carrying approximately 4,106 vehicles per day
- All utilities to be stubbed to the property with an accepted offer
- Developer open to sale, build-to-suit, or partnership opportunities
- Contact Broker for additional zoning details and development options
- Located within the Lake Pointe Development, a planned lakeside community accommodating a variety of residential and commercial uses
- Concept master plan includes proposed water access designed for future private boat slips, enhancing recreational appeal and development potential
- Lake Madison is a 2,800-acre recreational destination offering boating, fishing, lakeside dining, golf, and year-round outdoor activities
- Nearby amenities include The Point Bar & Grill, Broadwater Bar, Sodak’s Marina, Hillside Resort, and Lakes Golf Course
- Strong residential ownership, with approximately 90.9% of occupied Lake Madison homes owner-occupied, compared to 73.7% across Lake County
- Attractive Lake Madison demographics, including a median home value of $762K and median household income of $106K
- Located just five minutes east of Madison, SD, home to Dakota State University
- Dakota State University reached record enrollment of 3,975 students in Fall 2026, reflecting 23% growth since 2021
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