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    1609 W 1St St Sioux Falls, SD 57104

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    For Sale
    $995,000

    Flex space with offices, warehouse, and training room.

    Property size:
    5,856 SF
    Lot size:
    0.48 Acres

    Property Features for 1609 W 1St St

    General Information

    Size
    5,856 SF
    Lot size
    0.48 Acres

    Source: Lloyd Companies - Corporate Agent Jordan Rieffenberger, CCIM, SIOR

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

    Overview

    Sioux Falls Flex Space Available

    This flex space property, constructed in 1990 and subsequently updated, features a floor plan that includes 6 offices, a conference room, a large training room, and a break room equipped with a full kitchen. It also contains 2 restrooms, 2 storage rooms, and a mechanical room with a sink. The shop/warehouse area includes a large workroom and a small storage mezzanine. An 11’x10’ overhead door provides access to the warehouse. The property is zoned C-2. Real estate taxes for 2024, payable in 2025, are $9,685.44. The property offers a total of 5,856 square feet of space and is located in Sioux Falls, SD.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mechanical Sales SD Mechanical Contractor Custom Computer Services ... Computer Repair Service

    Suggested Use

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

    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
    -96.7504874
    Latitude
    43.5572128

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    FAQs

    What type of property is this?
    Flex space - Flex space with offices, warehouse, and training room.
    Where is this flex space located?
    The property is located at 1609 W 1St St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Versatile floor plan featuring 6 offices, conference room, training room, break room, and shop/warehouse.; - Shop/warehouse includes a large workroom and storage mezzanine.; - C-2 zoning allows for a variety of commercial uses.
    (605) 275-4258
    Request Owner's contact information
    1609 W 1St St 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
    1609 W 1St St Sioux Falls, SD 57104
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