Corner Storefront With Drive-Up
For Sale
Contact for pricing
1200 S Minnesota Ave, Sioux Falls, SD 57105
C-2-zoned storefront with paved parking, pylon signage, and a north-side drive-up window.
Property Size3,248 SF
Price / SF$306.34
Days on Market55
Property Features for 1200 S Minnesota Ave
General Information
Standard status
Active
Size
3,248 SF
Total Parking Spaces
55
Property subtype
RETAIL
Zoning
C-2
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Building Details
Year Built
1987
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Ryan Ammann · License #S43616000
(605) 310-7091
Source:
Moodyscre
Added: Aug 12
Changed: Sep 26
Last Checked: Oct 4 at 10:08AM
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 NAI | Sioux Falls
Investment Insights
Based on property information with market context.
This 3,248-square-foot storefront property occupies a corner lot and includes a north-side drive-up window. The site has paved on-site parking with 55 spaces, including accessible spaces, along with pylon signage. Some FF&E is included with the property.
The property is located at 1200 S Minnesota Ave in Sioux Falls, South Dakota. C-2 zoning, established parking, and the existing drive-up feature provide a defined commercial configuration for a storefront user.
The property is located at 1200 S Minnesota Ave in Sioux Falls, South Dakota. C-2 zoning, established parking, and the existing drive-up feature provide a defined commercial configuration for a storefront user.
Key Highlights
- 3,248 SF storefront property on a large corner lot
- 55 paved on‑site parking spaces, including accessible spaces
- North‑side drive‑up window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,651
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,020
$753.0K
Cap Rate 7%
$537,871
$537.9K
Cap Rate 9%
$418,344
$418.3K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$58.5K $18.00/SF
− Vacancy
−$4.7K −$1.44/SF
EGI
$53.8K $16.56/SF
− OpEx
−$16.1K −$4.97/SF
NOI
$37.7K $11.59/SF
Area
Sioux Falls, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,020
Cap Rate 7%
$537,871
Cap Rate 9%
$418,344
Alternative Uses
Best Use
Retail
$537.9K
$470.6K – $627.5K
NOI $37,651 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.0K
$771.7K – $1.03M
NOI $61,738 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 27%
Electronics 2%
Kum & Go
Shops & Services
23,121 visits/mo
0.3 miles
Burger King
Dining
9,588 visits/mo
0.2 miles
U.S. Bank
Shops & Services
1,866 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
741 visits/mo
0.1 miles
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned storefront with paved parking, pylon signage, and a north-side drive-up window.
Where is this storefront property located?
The property is located at 1200 S Minnesota Ave 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: 3,248 SF storefront property on a large corner lot; 55 paved on‑site parking spaces, including accessible spaces; North‑side drive‑up window
