Building Details

Building Size 6,572 SF

Year Built 1998

Listing Agency: NAI | Sioux Falls

Listed By: Dale Zomer · License #16458 Show Phone

Source: Siouxfallscommercial

Added: Sep 22 Last Checked: Sep 26 at 3:47AM

Report an Issue

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 income-producing property combines a four-unit apartment building with nine storage units at 412–418 2nd Ave in Canistota, South Dakota. The apartment structure was remodeled into four-plex housing in 1994, and both the apartments and storage units are fully occupied.

The storage component occupies a 50' x 101' lot, while the apartment property is situated on a separate 100' x 75' lot. The combined property is positioned for continued rental operations, with scheduled rent increases across all units beginning 01-01-2027.

Key Highlights

• Four‑unit apartment property with 9 storage units
• Fully occupied apartments and storage units
• Apartment building remodeled into four‑plex housing in 1994

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Catering Service Cafe & Coffee Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Explore this area Business Placement

Demographics for 57012, SD

1,217

Population

507

Households

2.4

Avg Household Size

43

Median Age

31%

College-Educated

94%

High-School Grad

83.4 sq mi

ZIP Area

15

Density / Sq Mi

$84,196

Median Household Income

$51,468

Median Earnings

$960

Median Rent

$163,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied residential and storage property in Canistota, South Dakota.

Where is this quadplex located?

The property is located at 412-418 2nd Ave Canistota, SD.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Four‑unit apartment property with 9 storage units; Fully occupied apartments and storage units; Apartment building remodeled into four‑plex housing in 1994