4305 S Louise Ave - Office FOR SALE


Sioux Falls, SD 57106
$4,295,000 USD
605-359-1968
4305 S Louise Ave, Sioux Falls, SD for Sale
$4,295,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

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4305 S Louise Ave
Sioux Falls, SD 57106


OVERVIEW

This sale also includes the sale of 3701 W 49th St, Sioux Falls, SD 57106, which is located within the same parking lot. This investment opportunity offers income from 31 tenants between two buildings plus billboard income. The two parcels totaling 2.94 acres offer ample land for a redevelopment opportunity. The seller has intentionally kept the leases short to keep redevelopment options available. The buyer could convert existing tenants to long term NNN leases at market rates to achieve an upside should they with to buy and hold. This is a great price per square foot for an experienced investor to realize upside or an experienced developer to repurpose the land. Traffic counts on S Louise Avenue are approximately 23,300 vehicles per day and W 49th street is approximately 11,800 vehicles per day. Neighbors include the Empire Mall, Hy-Vee, Target and more. Contact Broker Paul Gourley for rent roll, financials and additional information.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Empire Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

Commercial

APN/PARCEL ID

56115

ASK ABOUT THIS PROPERTY

Paul GourleyHarr & Lemme Real Estate, Inc.More Info
605-359-1968

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Paul GourleyHarr & Lemme Real Estate, Inc.More Info
605-359-1968

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