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5929 Mogen Ave Sioux Falls, SD 57108

Sponsored
For Sale
$3,730,000

17,930 SF Office Building, $3.73M

Property size:
17,930 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This 17,930-square-foot Class C office building, located at 5929 S Mogen Ave, Sioux Falls, SD 57108, presents a compelling investment opportunity. Built in 1997, the property sits on a 3.48-acre lot and offers significant potential. Currently configured as a multi-tenant office/call center space with six tenants, the building features 14,400 square feet on the main level and 3,530 square feet in the lower level. All existing furniture and systems will be removed prior to closing. The current lease expires January 31, 2024, providing flexibility for the new owner. The property is offered at $3,730,000, translating to $208.03 per square foot. A significant advantage is the inclusion of an additional 60,000 square feet of land, ideal for expansion, future development, or equity development. The property is a Net Net Net (NNN) lease. This presents a rare chance to acquire a substantial office building in a desirable location with considerable upside potential. The property's size, location, and expansion possibilities make it an attractive investment for both seasoned and emerging investors.

Property Features for 5929 Mogen Ave

General Information

Property type
Office Properties & Spaces
Square Feet
17,930 SF
Class
C
Lot Size
151,589 SF

Building Details

Year Built
1997
Buildings
1

HighLights

  • 17,930 SF Class C office building on a 3.48‑acre lot in Sioux Falls, SD.
  • Main level: 14,400 SF; lower level: 3,530 SF; currently multi‑tenant office/call center.
  • All existing furniture and systems will be removed prior to closing.
  • Lease expires January 31, 2024.
  • Includes an additional 60,000 SF of land for expansion.
Property Profile Location Intelligence

Current Use by Public Records

1st Financial Bank ... Financial Institution Financial Bank USA Financial Institution builder finance Financial Institution

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Sioux Falls
County
Lincoln
State
South Dakota
Longitude
-96.77216484101
Latitude
43.490956649867

FAQs

What type of property is this?
Office Property / Space - 17,930 SF Office Building, $3.73M
Where is this office property / space located?
The property is located at 5929 Mogen Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,730,000.
What are key features of this property?
This property features: 17,930 SF Class C office building on a 3.48-acre lot in Sioux Falls, SD.; Main level: 14,400 SF; lower level: 3,530 SF; currently multi-tenant office/call center.; All existing furniture and systems will be removed prior to closing.
More about this property
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