Florence, South Dakota Commercial Real Estate 1 Listing

Florence, South Dakota: A Premier Destination for Commercial Real Estate

Introduction

Florence, South Dakota, is an emerging hub for commercial real estate (CRE) opportunities, offering a unique blend of small-town charm and strategic economic positioning. With a population of approximately 400, Florence may be small in size, but it presents significant potential for CRE investment, particularly in sectors like agriculture, logistics, and small-scale manufacturing. Its proximity to larger markets and access to key transportation routes enhances its appeal for businesses seeking strategic locations for expansion.

Economic and Industry Overview

Florence's economy is primarily driven by agriculture and small-scale manufacturing, reflecting its roots in rural industry. The presence of these sectors fuels demand for industrial and flex properties, as businesses seek to capitalize on the region's agricultural output and manufacturing capabilities. Economic initiatives by regional development agencies, such as the First District Development Company, aim to support and expand these industries by providing financial assistance and strategic planning for businesses looking to invest in the area.

Strategic Location and Transportation Infrastructure

Although Florence is a small town, its location offers access to significant transportation infrastructure. The town is situated near U.S. Highway 212, providing connectivity to larger markets and facilitating the movement of goods. The nearby Watertown Regional Airport, located approximately 15 miles away, offers flights to major hubs, enhancing accessibility for business travel. For more information, visit the South Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Florence's commercial real estate market is characterized by its industrial and agricultural land offerings. Key submarkets include industrial corridors that support logistics and manufacturing operations. The town's zoning regulations are designed to accommodate growth in these sectors, with incentives available for developers interested in enhancing the city's industrial and agricultural infrastructure. For zoning maps and parcel viewers, consult the Codington County GIS.

Major Employers and Institutions

Key employers in Florence include agricultural businesses and small manufacturers that contribute to the local economy. While Florence does not host large corporate headquarters, its proximity to Watertown provides access to a broader range of employers and institutions, including educational centers that supply a skilled labor force. For more information, refer to the Codington County Economic Development Corporation.

Notable Commercial Developments & Projects

Florence is witnessing development projects that include agribusiness expansions and potential industrial parks aimed at leveraging the town's strategic location. These projects often involve public-private partnerships that provide opportunities for investment in infrastructure and real estate. For planning documents and site maps, visit the Codington County Planning Department.

Building Permits, Planning, and Development Tools

Developers and investors can access a range of tools and resources to facilitate their projects in Florence. Key links include the Codington County Building Department, permitting portals, and the county's Parcel Map Viewer. These resources provide essential information on building codes and development regulations.

Market Data & Economic Reports

For comprehensive economic and demographic data, the U.S. Census Bureau offers valuable insights into Florence's market potential. Additionally, local economic impact reports can be accessed through the South Dakota Open Data Portal. Brevitas leverages AI-powered aggregation to provide real-time market insights, making it a valuable tool for CRE professionals.

Why Use Brevitas for Florence, South Dakota CRE?

Brevitas offers a robust platform for discovering CRE opportunities in Florence, South Dakota. Our AI-driven tools provide real-time market alerts and smart property pages, enhancing dealroom collaboration. Unique features include: