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    5045 East Grant St Sioux Falls, SD 57110

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    For Sale
    $4,333,000

    Dual tenant fitness facility with long-term leases for sale.

    Property size:
    27,598 SF

    Property Features for 5045 East Grant St

    General Information

    Size
    27,598 SF

    Building Details

    Year built
    2020

    Source: Gregg Brown, MBA, SIOR Agent Gregg Brown, MBA, SIOR

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

    Overview

    Fitness Facility Investment Opportunity

    This 27,598 square foot property is a fitness facility investment opportunity. The building is occupied by two tenants with lease terms of 8+ years. The total operating expenses are $87,864.50, which equates to $3.18 per square foot. The average cap rate is 7.63%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frontier Climbing and Fitness Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Pure Fitness, Frontier Climbing and Fitness, Live Well Now Academy, Digz Volleyball Sand Courts, Planet Fitness

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.6647755
    Latitude
    43.5454887

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    FAQs

    What type of property is this?
    Fitness center & gym - Dual tenant fitness facility with long-term leases for sale.
    Where is this fitness center & gym located?
    The property is located at 5045 East Grant St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $4,333,000.
    What are key features of this property?
    This property features: - Long-term lease: 8+ years; - Average cap rate: 7.63%; - Fitness facility investment opportunity
    (605) 906-0394
    Request Owner's contact information
    5045 East Grant St Sioux Falls, SD 57110
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    Sioux Falls, SD 57110
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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
    5045 East Grant St Sioux Falls, SD 57110
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