Industrial Shop Building with 10
1168 E 5th St Canton, SD 57013
For Sale
Contact for pricing
Pending
Newly constructed shop-style industrial complex with ten units, each featuring a 14' x 14' overhead door.
Property Size19,200 SF
Days on Market293
Property Features for 1168 E 5th St
General Information
- Standard status
- Pending
- Size
- 19,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2025
Listing Agency:
Hegg REALTORS Inc
Listed By:
Dave Maske · License #18717
Source:
Crexi
Added: Oct 7, 2025
Changed: Jul 23
Last Checked: Jul 24 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hegg REALTORS Inc
Investment Insights
Based on property information with market context.
The property is a newly constructed industrial complex with ten individual shop units, each measuring 32' x 60' (1,920 sq. ft.). The Lester structure is designed with durable materials and high engineering standards, aiming for long-term performance and low maintenance. Each unit includes an oversized 14' x 14' overhead door, 18' side walls, private restrooms, and open floorplans that allow for customization and operational flexibility.
The building is positioned along Highway 18 on the east side of Canton, providing visibility and convenient access within a growing community.
As a multi-unit industrial asset, the property is well-suited for owner-users and investors seeking shop-style warehouse space configured for a variety of operational needs.
The building is positioned along Highway 18 on the east side of Canton, providing visibility and convenient access within a growing community.
As a multi-unit industrial asset, the property is well-suited for owner-users and investors seeking shop-style warehouse space configured for a variety of operational needs.
Key Highlights
- Newly constructed industrial complex with 10 shop units
- Each unit is 32’ x 60’ (1,920 SF) for a total of 19,200 SF
- Units feature oversized 14’ x 14’ overhead doors
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 | $269.6k | $14.04 |
| − Vacancy | −$27.0k | −$1.40 |
| EGI | $242.6k | $12.64 |
| − OpEx | −$84.9k | −$4.42 |
| NOI | $157.7k | $8.21 |
19,200 SF · lease $14.04/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.97M – $2.63M
NOI $157,697 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,368 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Newly constructed shop-style industrial complex with ten units, each featuring a 14' x 14' overhead door.
Where is this flex space located?
The property is located at 1168 E 5th St Canton, SD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Newly constructed industrial complex with 10 shop units; Each unit is 32’ x 60’ (1,920 SF) for a total of 19,200 SF; Units feature oversized 14’ x 14’ overhead doors
