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    711 N Lake Ave Sioux Falls, SD 57104

    For Sale
    $1,450,000

    Adaptable building near Terrace Park and local schools.

    Property size:
    10,280 SF
    Lot size:
    0.64 Acres

    Property Features for 711 N Lake Ave

    General Information

    Size
    10,280 SF
    Lot size
    0.64 Acres

    Source: Lloyd Companies - Corporate Agent Raquel Blount, SIOR

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

    Overview

    Former Daycare with Parking

    This 10,280-square-foot property offers a flexible floor plan that allows for customization. Previously operated as a daycare, the property is currently available. It features 45 surface parking stalls on site and monument signage facing NW Avenue. The location is near Terrace Park, which includes walking paths, baseball fields, a Japanese garden, Covell Lake, an aquatic center, and tennis courts. The park attracts approximately 159,100 annual visits. The property is conveniently located near Laura Anderson Elementary, All City Elementary, and Axtell Middle School, which serve a combined total of 840 students as of the 2023-2024 school year. Nearby businesses include Stewart School, Urban Adventure Center, Bluestone Federal Credit Union, FastSigns, Casey’s, SportBowl, and Casa Del Ray. This property is also available for lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wildflower Academy Child Care Agency Amdahl Beth A Nursing Agency South Dakota Coalition ... Domestic Abuse Treatment Center Nissen Stacia M Counselor Melissa A. Hemmestad, CCDCIII Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7452885
    Latitude
    43.5395027

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    FAQs

    What type of property is this?
    Office building - Adaptable building near Terrace Park and local schools.
    Where is this office building located?
    The property is located at 711 N Lake Ave 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: - 45 surface parking stalls on site; - Monument signage available facing NW Avenue; - Flexible floor plan allows for ample customization
    (605) 323-2820
    Request Owner's contact information
    711 N Lake Ave Sioux Falls, SD 57104
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    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
    711 N Lake Ave Sioux Falls, SD 57104
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