Two-Level Office
For Sale
$1,150,000
1737 S Cleveland Ave Unit C, Sioux Falls, SD 57103
Private offices, shared open areas, and separate restrooms support office or service-business layouts.
Property Size6,284 SF
Price / SF$183
Days on Market37
Property Features for 1737 S Cleveland Ave Unit C
General Information
Standard status
Active
Size
6,284 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1998
Buildings
1
Building Size
6,284 SF
Listing Agency:
Keller Williams Realty Sioux Falls
Listed By:
Angela Lucid
(605) 275-0555
Source:
Siouxfallsareahomesearch
Added: Sep 11
Changed: Oct 14
Last Checked: Oct 16 at 8:57AM
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 Keller Williams Realty Sioux Falls
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Investment Insights
Based on property information with market context.
Built in 1998, this 6,284-square-foot office building has private offices and open work areas across its main and basement levels. The main floor includes a kitchenette, a water fountain in the break area, three restrooms, and four sinks. The basement has a separate entrance, interior stairs, private offices, a large open area, and two bathrooms; one bathroom has a shower, and the other has a washer and dryer hookup. The lower level also opens to a second parking lot.
The property is at the corner of Cleveland Avenue and 26th Street, with access to Interstate 229, 26th Street, and Southeastern Avenue. On-site parking is available.
The property is at the corner of Cleveland Avenue and 26th Street, with access to Interstate 229, 26th Street, and Southeastern Avenue. On-site parking is available.
Key Highlights
- 6,284‑square‑foot office building, built in 1998
- Private offices and open areas on the main and basement levels
- Basement entrance, interior stairs, and walkout to a second parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,127
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,540
$1.7M
Cap Rate 7%
$1,201,814
$1.2M
Cap Rate 9%
$934,744
$934.7K
Market Conditions
NOI Build-Up for 6,284 SF
Gross rent
$132.0K $21.00/SF
− Vacancy
−$19.8K −$3.15/SF
EGI
$112.2K $17.85/SF
− OpEx
−$28.0K −$4.46/SF
NOI
$84.1K $13.39/SF
Area
Sioux Falls, SD
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,540
Cap Rate 7%
$1,201,814
Cap Rate 9%
$934,744
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,127 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,446 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Private offices, shared open areas, and separate restrooms support office or service-business layouts.
Where is this office building located?
The property is located at 1737 S Cleveland Ave Unit C Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,284‑square‑foot office building, built in 1998; Private offices and open areas on the main and basement levels; Basement entrance, interior stairs, and walkout to a second parking lot
