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    1001 8Th St Sioux Falls, SD 57103

    Sponsored
    For Lease
    $6 SF/Yr ($4,516 /Mo)

    Spacious Sioux Falls warehouse, ideal for single tenant.

    Lot size:
    8,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,855-square-foot warehouse, located at 1001 E 8th St, Sioux Falls, SD 57103, presents a compelling investment opportunity. Built in 1923, this single-tenant industrial property boasts a two-story structure with significant space available. The building features one loading dock and two dock-high doors, facilitating efficient loading and unloading operations. Ample parking is provided with 14 spaces. The property benefits from robust power infrastructure, including 208 3-phase and 200 Amp panels. Its prime location at the hard corner of 8th Street and Fairfax Avenue in Minnehaha County offers exceptional accessibility, with close proximity to Cliff Avenue, 10th Street, and Phillips Avenue. This strategic position ensures convenient access to major transportation routes and the BNSF railway, streamlining logistics and distribution. Furthermore, the property enjoys a highly advantageous location just three blocks from a significant future development, promising substantial long-term growth potential. The entire 8,855 square feet is currently vacant, providing immediate occupancy for a new tenant.

    Property Features for 1001 8Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,855 SF
    Total Rate
    4516.05

    Building Details

    Year Built
    1923
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    8,855 SF
    Rate per SF
    $6

    HighLights

    • 10' x 10' overhead doors, Reznor unit heaters, freight elevator, and ample open storage space.
    • Dock‑high doors for semi‑trailer and pickup truck access.
    • 208/3‑phase power, 200‑amp electrical service.
    • 14 on‑site parking spaces plus street parking, with expansion potential.
    • Historic 1923 building, formerly the Skoug Candy Company warehouse.
    • Excellent location near In Flower, Dakota Auto Parts, and other established businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.713755293123
    Latitude
    43.548610376142

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    FAQs

    What type of property is this?
    Distribution property - Spacious Sioux Falls warehouse, ideal for single tenant.
    Where is this distribution property located?
    The property is located at 1001 8Th St Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 10' x 10' overhead doors, Reznor unit heaters, freight elevator, and ample open storage space.; Dock-high doors for semi-trailer and pickup truck access.; 208/3-phase power, 200-amp electrical service.
    Request Owner's contact information
    1001 8Th St Sioux Falls, SD 57103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 8Th St Sioux Falls, SD 57103
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