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    701 60Th St Sioux Falls, SD 57104

    Sponsored
    For Sale
    $7,381,680

    Prime Office Space, High Occupancy

    Property size:
    123,028 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 123,028 square foot Class B executive office building in Sioux Falls, South Dakota, presents a compelling investment opportunity. Located at 701 East 60th St N, this two-story building sits on a 15-acre lot and boasts 90% occupancy. The property features 110,725 square feet of net rentable space, currently configured as open plan, call center, and office areas, but adaptable for various uses including data center, industrial, or self-storage. The building includes 563 parking spaces, two dock doors, one freight and one passenger elevator, and a 9-foot finished ceiling height. Structural features include a raised floor system (16"), 30' column spacing, and slab-to-slab heights of 12'4" on the first floor and 14'10" on the second. The building is equipped with a wet sprinkler system, a 500 KVA Powerware 9315 UPS system covering critical systems with Enerys Wet Calls batteries, and a 1375 KVA Caterpillar 3512 generator powering the entire building for 3.5 days at full load. HVAC is a condenser water system with heat pumps and CRAC units by Liebert. The building has a 2-megawatt electric capacity and 10,000 gallons of fuel storage in underground tanks within a cement vault. Exterior finishes include tilt-up concrete and a slab-on-grade foundation with a tar and gravel roof. The property is zoned I-1. Asking price is $7,381,680 ($60/sq ft). Built in 1981.

    Property Features for 701 60Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    123,028 SF
    Class
    B
    Lot Size
    653,400 SF

    Building Details

    Year Built
    1981
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Victory Life Church Church Smith Barney Bank ... Financial Planner

    Suggested Use

    Restaurant Realty agency Dental Office Building Supply Clothing Store Hotel & Motel Wholesale Shop Skin Care Clinic Auto Parts Store Kitchen & Bath

    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
    -96.7186283
    Latitude
    43.5996153

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High Occupancy
    Where is this office property / space located?
    The property is located at 701 60Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $7,381,680.
    (605) 357-7100
    Request Owner's contact information
    701 60Th St Sioux Falls, SD 57104
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    Sioux Falls, SD 57104
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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
    701 60Th St Sioux Falls, SD 57104
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