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    405 W 16Th St Sioux Falls, SD 57104

    For Sale
    $199,000

    Workshop/commercial garage space near downtown with onsite parking.

    Building Details

    Year built
    2007

    Source: Rich Naser Agent Rich Naser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Workshop/Commercial Garage Space For Sale

    This property features a workshop/commercial garage space located near downtown. The interior has been recently painted and includes an epoxy floor. Onsite parking is available, along with street parking. Building signage is also available. Note that the property at 707 S. Minnesota Avenue will retain a shared access easement for the trash enclosure following the sale of this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Schulte Management Co, L J's Auto Repair Inc, Last Chance Motorcycle Repair Inc., Stein Brothers Roadside Service, Last Chance Motorcycle Repair

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7319312
    Latitude
    43.5387629

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    FAQs

    What type of property is this?
    Auto shop - Workshop/commercial garage space near downtown with onsite parking.
    Where is this auto shop located?
    The property is located at 405 W 16Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Workshop/commercial garage space near downtown; - Onsite parking and street parking available; - **Recently painted interior and epoxy floor**
    (605) 366-2059
    Request Owner's contact information
    405 W 16Th St Sioux Falls, SD 57104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 W 16Th St Sioux Falls, SD 57104
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