Building Details

Year Built 1989

Listing Agency: NAI Sioux Falls

Listed By: Dale Zomer · License #SD 16458 Show Phone

Source: Crexi

Added: Sep 22 Changed: Sep 24 Last Checked: Sep 26 at 4:17AM

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Investment Insights

Based on property information with market context.

At 418 2nd Avenue, the property pairs a four-unit apartment building with nine storage units. The apartment building dates to 1979, while the storage units were built in 1989. Both components are fully occupied. The apartment parcel measures 100' x 75', and the storage parcel measures 50' x 101'.

Canistota is along Interstate 90, approximately 30 miles southwest of Sioux Falls. Rents for all units are scheduled to increase as of 01-01-2027.

Key Highlights

• Four apartment units and nine storage units; both components are fully occupied
• Apartment building built in 1979; storage units built in 1989
• Apartment parcel measures 100' x 75'; storage parcel measures 50' x 101'

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

Yes

Highway access

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

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - The property combines fully occupied apartments with a separate group of storage units.

Where is this mixed-use property located?

The property is located at 418 2nd Avenue 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 apartment units and nine storage units; both components are fully occupied; Apartment building built in 1979; storage units built in 1989; Apartment parcel measures 100' x 75'; storage parcel measures 50' x 101'