1417 S Minnesota Ave - Medical FOR SALE


Sioux Falls, SD 57105
$1,450,000 USD
605-359-8430
1417 S Minnesota Ave, Sioux Falls, SD for Sale
$1,450,000 USD
Medical - FOR SALE
1/11
null | Request Cap Rate

1417 S Minnesota Ave
Sioux Falls, SD 57105


HIGHLIGHTS

  • Located on a busy commercial thoroughfare in growing community with three access points
  • Redevelopment opportunity with a full acre of land

OVERVIEW

This centrally located, one-acre site is offered for sale at a newly-reduced price of $1,450,000. Alternatively, the office building located on the site is offered for lease at $13.00 per square foot gross plus utilities for the 5,840 square feet of main floor space and $8.00 per square foot gross plus utilities for the 3,463 square feet of lower-level space. The landlord is offering a negotiable tenant improvement allowance with a five-year lease. Located on the west side of busy Minnesota Ave., between 22nd and 26th Streets, with daily vehicle traffic of 20,900, this site offers great visibility and access to the lot from Minnesota Avenue, vacated 23rd Street and Spring Avenue. This site offers multiple options for a new owner or tenant from continued use an office building to a one-acre redevelopment opportunity in the heart of growing Sioux Falls, South Dakota. There is ample paved, on-site parking and three access points to the property. Monument and building signage is possible.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Central Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,686 SF

ZONING

Commercial

APN/PARCEL ID

27944

ASK ABOUT THIS PROPERTY

Mike HauckAccord Commercial Real Estate LLCMore Info
605-359-8430

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Mike HauckAccord Commercial Real Estate LLCMore Info
605-359-8430

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