Vern Eide Acquires Former Citibank Property

Sept. 10, 2026

An entity associated with Vern Eide Motorcars has acquired the former Citibank campus in northeast Sioux Falls. 

The 69-acre property at 701 E. 60th St. N. had been on the market for more than seven years. 

"We are thrilled with having a local ownership take over the campus, being able to reuse the buildings and repurpose them," said Gregg Brown of NAI Sioux Falls, who had the property listed. 

Vern Eide CEO Jim Lake saw an opportunity in the real estate and is still finalizing plans for the property, said Ryan Tysdal of Tysdal Commercial, who represented the buyer.