Updated Storefront
For Sale
Contact for pricing
707-715 S Minnesota Ave, Sioux Falls, SD 57104
C-2-zoned retail building with refreshed interior finishes and an unoccupied unit available for owner-occupant consideration.
Property Size7,126 SF
Price / SF$255.15
Days on Market482
Property Features for 707-715 S Minnesota Ave
General Information
Standard status
Active
Size
7,126 SF
Property subtype
RETAIL
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Marcus Mahlen, CCIM, SIOR
(605) 228-9744
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Sep 15
Last Checked: Oct 16 at 12:00PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property contains 7,126 square feet on a 0.45-acre parcel, with a 19,800-square-foot lot. Built in 1990, the building has received interior improvements including new flooring, ceiling tiles, and lighting. Unit 715 is currently unoccupied, while the existing tenant has expressed interest in completing a lease buyout, creating flexibility for an owner occupant to evaluate the space and its configuration.
The property carries C-2 zoning and is located at 707–715 S Minnesota Ave in Sioux Falls, South Dakota. The asset’s retail storefront format, updated interior finishes, and available unit provide a practical basis for evaluating both continued retail use and owner occupancy.
The property carries C-2 zoning and is located at 707–715 S Minnesota Ave in Sioux Falls, South Dakota. The asset’s retail storefront format, updated interior finishes, and available unit provide a practical basis for evaluating both continued retail use and owner occupancy.
Key Highlights
- 7,126 SF storefront property
- 0.45‑acre parcel with a 19,800/SF lot
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,605
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,100
$1.7M
Cap Rate 7%
$1,180,071
$1.2M
Cap Rate 9%
$917,833
$917.8K
Market Conditions
NOI Build-Up for 7,126 SF
Gross rent
$128.3K $18.00/SF
− Vacancy
−$10.3K −$1.44/SF
EGI
$118.0K $16.56/SF
− OpEx
−$35.4K −$4.97/SF
NOI
$82.6K $11.59/SF
Area
Sioux Falls, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,100
Cap Rate 7%
$1,180,071
Cap Rate 9%
$917,833
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,605 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,451 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,920
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 43%
Hotels & Casinos 2%
Taco Bell
Dining
14,635 visits/mo
0.1 miles
MacKenzie River Pizza Co.
Dining
13,505 visits/mo
0.5 miles
Starbucks
Dining
13,409 visits/mo
0.3 miles
BP
Shops & Services
12,371 visits/mo
0.2 miles
Kum & Go
Shops & Services
11,589 visits/mo
0.5 miles
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 Retail in Midwest region
Similar Off Market Nearby
- Young & Richards Flowers — 222 S Phillips Ave, Sioux Falls, SD 57104
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned retail building with refreshed interior finishes and an unoccupied unit available for owner-occupant consideration.
Where is this storefront property located?
The property is located at 707-715 S Minnesota Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,818,200.
What are key features of this property?
This property features: 7,126 SF storefront property; 0.45‑acre parcel with a 19,800/SF lot; C‑2 zoning
