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    124 Kiwanis Ave Sioux Falls, SD 57104

    Sponsored
    For Lease
    $14 SF/Yr ($1,810 /Mo)

    1552 sq ft Office, Retail, Single Tenant

    Lot size:
    1,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,552 square foot office/retail property enjoys a prominent corner location at the intersection of Kiwanis Avenue and 10th Street. The building features a welcoming lobby/reception area, a dedicated teller area, three private offices providing ample space for individual work or small teams, a convenient breakroom, and restrooms. A significant advantage is the inclusion of a 144 square foot canopy equipped with drive-thru lanes, ideal for businesses requiring this functionality. Ample parking is provided, with a ratio of one space per 194 square feet of building area. The property boasts excellent visibility thanks to large pylon signage, capitalizing on the high traffic volume of Kiwanis Avenue (13,500 vehicles daily). Its strategic location places it just a block from 12th Street, offering easy access to I-29, Russell Street, and 12th Street, ensuring convenient commutes for employees and clients. The existing furniture is negotiable. The tenant is responsible for utilities, snow removal, lawn care, taxes, and insurance. This is a truly remarkable opportunity for a business seeking a well-appointed, highly visible, and conveniently located space.

    Property Features for 124 Kiwanis Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,552 SF
    Total Rate
    1810.67

    Unit(s) available at that property

    Space
    Size
    1,552 SF
    Rate per SF
    $14

    HighLights

    • 1,552 SF single‑tenant office/retail building on the corner of Kiwanis Avenue and 10th Street.
    • Features a lobby/reception area, three private offices, breakroom, restrooms, and a 144 SF canopy with drive‑thru lanes.
    • Offers a parking ratio of one space per 194 SF and prominent pylon signage.
    • High visibility on Kiwanis Avenue (13,500 VPD), one block from 12th Street, with easy access to I‑29, Russell Street, and 12th Street.
    • Tenant responsible for utilities, snow removal, lawn care, taxes, and insurance; furniture negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midwest Partners Federal ... Credit Union

    Suggested Use

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

    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
    -96.7607247
    Latitude
    43.546184

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    FAQs

    What type of property is this?
    Retail property - 1552 sq ft Office, Retail, Single Tenant
    Where is this retail property located?
    The property is located at 124 Kiwanis Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 1,552 SF single-tenant office/retail building on the corner of Kiwanis Avenue and 10th Street.; Features a lobby/reception area, three private offices, breakroom, restrooms, and a 144 SF canopy with drive-thru lanes.; Offers a parking ratio of one space per 194 SF and prominent pylon signage.
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    124 Kiwanis Ave 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
    124 Kiwanis Ave Sioux Falls, SD 57104
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