Industrial Flex Building with Overhead Doors

47086 271st St Sioux Falls, SD 57108

Claim this Listing
For Sale
$1,450,000

COMMERCIAL - Sioux Falls, SD

Property size:
11,100 SF
Lot size:
2.74 Acres
Price / SF:
$130/SF
Added:
Jul 2, 2026
Days on Market:
10
Last Refresh:
Jul 11 at 12:06 am

Property Features for 47086 271st St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Standard status
Active
APN
100.50.19A10A
Size
11,100 SF
Lot size
2.74 Acres

Taxes and HOA fees

Tax Description
Mueller's Lot 10A, SE 1/4 19-100-50 Delepre Township
Tax Annual Amount
8101

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
1985
Flooring type
Tile, Concrete
Building materials
Frame, Metal Siding
Roof type
Metal

Listing agent Don Dunham

Listing office Don Dunham III, LLC 5032 S Bur Oak Pl., Suite #130, Sioux Falls, SD

Listing date Jul 2, 2026

MLS# 22605031 Listing URL

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This industrial flex building totals 11,100 square feet with frame construction and a metal exterior. The site includes finished office suites, storage areas, shop space, and cold storage. Access is provided by four overhead doors with specified opening dimensions, including one 16 x 14 door and three larger 20 x 14 doors. The facility includes a truck wash bay with a 5,000-gallon hold tank, along with a septic tank and drain field. The building was completed in 1985, with an addition added in 2004.

The property is zoned Industrial and sits on 2.74 acres. It is served by rural water and has convenient access to I-29 via the Tea exit and the new Veterans Parkway. An HOA for road maintenance is noted at $250 annually.

With a mix of office, shop, cold storage, and a dedicated truck wash bay, the layout supports a range of industrial operations requiring both work space and material handling capabilities.

Key Highlights

  • 11,100 SF industrial use building on 2.74 acres with metal exterior and roof, completed in 1985 (addition added in 2004).
  • Truck wash bay with 5,000‑gallon hold tank, plus septic tank and drain field.
  • 4 overhead door access openings: 16 x 14, and three doors at 20 x 14 (plus a 16 x 14).

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $186.5k $16.80
− Vacancy −$11.2k −$1.01
EGI $175.3k $15.79
− OpEx −$61.4k −$5.53
NOI $113.9k $10.26
11,100 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$1.63M
$1.42M – $1.90M (±1% cap)
NOI $113,939 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$1.08M
$948.6K – $1.26M (±1% cap)
NOI $75,886 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M (±1% cap)
NOI $210,989 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mid-States Transport Trucking Company

Suggested Use

Grocery & Convenience Store Parking Lot & Garage Carpet & Flooring Store Real Estate Agency Cafe & Coffee Shop HVAC Service Home Appliance Store Skin Care Clinic Furniture & Home Goods (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Industrial building offers multiple overhead door bays, finished office suites, truck wash bay, and cold storage on 2.74 acres.
Where is this flex space located?
The property is located at 47086 271st St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 11,100 SF industrial use building on 2.74 acres with metal exterior and roof, completed in 1985 (addition added in 2004).; Truck wash bay with 5,000‑gallon hold tank, plus septic tank and drain field.; 4 overhead door access openings: 16 x 14, and three doors at 20 x 14 (plus a 16 x 14).
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