1512 North Garfield Avenue, Sioux Falls, SD 57104

Listing Agency: Bender Commercial

Listed By: Alex Soundy · License SD #18022 Show Phone

Source: Crexi

Added: Sep 24 Changed: Nov 11 Last Checked: Nov 12 at 4:16AM

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Investment Insights

Based on property information with market context.

This multifamily property includes 15 tenant garages, along with a heated office for the owner featuring a private bathroom and a separate two-stall garage. Residents have access to on-site laundry. The building uses boiler heat and wall-mounted air-conditioning units.

Tenants pay for electricity; the landlord covers gas, trash, and water and sewer service. The property is in north-central Sioux Falls, with access to Russell Street, I-29, and the Denny Sanford PREMIER Center.

Key Highlights

• 15 tenant garages, plus a separate two‑stall garage
• Heated owner's office with a private bathroom
• On‑site laundry

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

380

Businesses Nearby

Explore this area Business Placement

Demographics for 57104, SD

26,998

Population

13,952

Households

1.9

Avg Household Size

37

Median Age

25%

College-Educated

90%

High-School Grad

30.4 sq mi

ZIP Area

888

Density / Sq Mi

$59,161

Median Household Income

$39,101

Median Earnings

$849

Median Rent

$183,700

Median Home Value

Market

Properties on Market for Apartment buildings in Sioux Falls

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - On-site laundry, boiler heat, and wall-mounted air conditioning serve the residential property.

Where is this apartment building located?

The property is located at 1512 North Garfield Avenue Sioux Falls, SD.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 15 tenant garages, plus a separate two‑stall garage; Heated owner's office with a private bathroom; On‑site laundry