Property profile

701 East 60Th St N Sioux Falls, SD 57104

FOR LEASE
Office buildings
Property ID
US79-0061797
124,626 SF 15 ac lot Built 1981
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 124,626 square foot flex/warehouse building, located at 701 East 60th St N in Sioux Falls, South Dakota, presents a unique opportunity. Built in 1981, this two-story structure sits on a generous 15-acre lot and is zoned I-1. The property offers a variety of configurations, with a minimum divisible space of 61,164 square feet and a maximum contiguous space of the entire 124,626 square feet. Currently, there are two suites available. The building features a substantial 30-foot ceiling height, ideal for various industrial uses, and includes two dock-high doors for efficient loading and unloading. Ample parking is provided with a 1:189 parking ratio. Elevators are available for convenient access between floors. This property is perfectly suited for businesses requiring a blend of office and warehouse space, offering flexibility and scalability to meet diverse operational needs. Its strategic location in Sioux Falls, South Dakota, 57104, provides excellent access to transportation routes and a thriving business community. This is a rare opportunity to secure a substantial and well-equipped industrial/flex space in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction TYPE NOT SPECIFIED
Total area 124,626 SF
Lot 15 ac (653,400 SF)
Zoning code NO;SPECIAL NOTE
APN 46833
UPID US79-0061797

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Financial Advisor

Location

701 East 60Th St N Sioux Falls, SD 57104
Sioux Falls metro Census 100 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.08M
Blend (final) Blend
$13.03M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

NO;SPECIAL NOTE · Sioux Falls, SD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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