Office Building with Updated
New
For Sale
$1,600,000
520 S 1st Avenue, Sioux Falls, SD 57104
Downtown office building with renovated bathrooms, fixtures, flooring, and finishes plus a recently installed roof.
Days on Market4
Property Features for 520 S 1st Avenue
General Information
Standard status
Active
Property subtype
Office
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
31,192 SF
Year Built
1958
Year Renovated
2020
Listing Agency:
(605) 906-0394
Listed By:
Gregg Brown, MBA, SIOR
(605) 906-0394
Source:
Siouxfallscommercial
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 6:07AM
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 Gregg Brown, MBA, SIOR
Investment Insights
Based on property information with market context.
This office building offers an update-focused interior package, including renovated bathrooms with updated fixtures, flooring, and finishes. A new roof was installed in 2020, providing a visible exterior improvement for an investor or owner-operator evaluating downtown redevelopment.
The property is positioned on the NE corner of 14th Street and 1st Avenue, and it is located in an opportunity zone. The offering also references a potential lease-back for a negotiated time period.
The assemblage opportunity is built into the package discussion: there is potential to purchase the adjacent three properties totaling 23,700 SF to assemble an entire half block of 47,400 SF (1.088 acres).
The property is positioned on the NE corner of 14th Street and 1st Avenue, and it is located in an opportunity zone. The offering also references a potential lease-back for a negotiated time period.
The assemblage opportunity is built into the package discussion: there is potential to purchase the adjacent three properties totaling 23,700 SF to assemble an entire half block of 47,400 SF (1.088 acres).
Key Highlights
- New roof installed in 2020
- Renovated bathrooms with updated fixtures, flooring, and finishes
- Downtown redevelopment opportunity on the NE corner of 14th Street and 1st Avenue
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,030
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Downtown office building with renovated bathrooms, fixtures, flooring, and finishes plus a recently installed roof.
Where is this office building located?
The property is located at 520 S 1st Avenue Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: New roof installed in 2020; Renovated bathrooms with updated fixtures, flooring, and finishes; Downtown redevelopment opportunity on the NE corner of 14th Street and 1st Avenue
