Updated Medical Office
600 N Western Ave, Sioux Falls, SD 57104
For Sale
$750,000
Single-story layout, ample parking, and C-2 zoning support medical and office use.
Property Size3,739 SF
Lot Size0.69 Acres
Price / SF$200.59
Days on Market404
Property Features for 600 N Western Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
digital sign board
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Merkle Real Estate LLC
(605) 362-7200
Listed By:
Cameron Gage
Source:
Davedaale
Added: Oct 2, 2025
Changed: Nov 7
Last Checked: Nov 9 at 2:28PM
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 Merkle Real Estate LLC
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Investment Insights
Based on property information with market context.
This single-story medical office property contains 3,739 square feet in a building originally constructed in 1972. Updates were completed in late fall 2024, and the site includes a digital sign board and parking. The property occupies 0.69 acres and carries C-2 zoning.
The building is along Western Ave and Burnside St, with access to Western Ave, W 12th St, Madison Ave, Russell St, and I-29. The Denny Sanford Premier Center is nearby.
The building is along Western Ave and Burnside St, with access to Western Ave, W 12th St, Madison Ave, Russell St, and I-29. The Denny Sanford Premier Center is nearby.
Key Highlights
- 3,739‑square‑foot single‑story medical office building
- 0.69‑acre site with C‑2 zoning
- Updates completed in late fall 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,056
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,120
$1.0M
Cap Rate 7%
$715,086
$715.1K
Cap Rate 9%
$556,178
$556.2K
Market Conditions
NOI Build-Up for 3,739 SF
Gross rent
$78.5K $21.00/SF
− Vacancy
−$11.8K −$3.15/SF
EGI
$66.7K $17.85/SF
− OpEx
−$16.7K −$4.46/SF
NOI
$50.1K $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%
$1,001,120
Cap Rate 7%
$715,086
Cap Rate 9%
$556,178
Alternative Uses
Best Use
Office B
$715.1K
$625.7K – $834.3K
NOI $50,056 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$684.6K
$599.0K – $798.7K
NOI $47,919 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.02M
$888.4K – $1.18M
NOI $71,071 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story layout, ample parking, and C-2 zoning support medical and office use.
Where is this medical office space located?
The property is located at 600 N Western Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,739‑square‑foot single‑story medical office building; 0.69‑acre site with C‑2 zoning; Updates completed in late fall 2024
