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    1610 Minnesota Ave Sioux Falls, SD 57104

    Sponsored
    For Lease
    $25 SF/Yr

    9,927 SF Office & Warehouse Space. Available September 1st.

    Lot size:
    9,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,927 square foot commercial property, located at 1610 N Minnesota Ave in Sioux Falls, South Dakota, 57104, presents a unique opportunity for a single tenant. The space is ideally suited for a business requiring both office and warehouse functionality, seamlessly blending high-end office finishes with practical industrial space. The property features 4,877 square feet of meticulously designed office space and 5,050 square feet of warehouse space, which must be leased together. The office area boasts eight window offices, two interior offices, a dedicated conference room, and a convenient break area. High-end finishes throughout create a professional and inviting atmosphere. The warehouse component is equally impressive, offering a 14' x 14' overhead door, 24' side wall height, and a floor drain for efficient operations. Heating is provided within the warehouse. The building, constructed in 2004, offers excellent visibility with monument and building signage opportunities. The asking rent is $17.50 per square foot NNN for the office space and $8.00 per square foot NNN for the warehouse space. The property includes an elevator and is available for occupancy beginning September 1, 2024. This is a rare opportunity to secure a well-appointed, versatile commercial space in a desirable Sioux Falls location.

    Property Features for 1610 Minnesota Ave

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,927 SF

    Unit(s) available at that property

    Space
    Size
    9,927 SF
    Rate per SF
    $25

    HighLights

    • 9,927 SF commercial property at 1610 N Minnesota Ave, Sioux Falls, SD 57104.
    • 4,877 SF of high‑end office space and 5,050 SF of warehouse space (must be leased together).
    • Office features eight window offices, two interior offices, conference room, and break area.
    • Warehouse features 14' x 14' overhead door, 24' side wall height, floor drain, and heating.
    • $17.50/SF NNN office rent; $8.00/SF NNN warehouse rent. Available September 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midwest Fidelity Partners Real Estate Developer Maguire Iron Works

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -96.731288929582
    Latitude
    43.567216022163

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    FAQs

    What type of property is this?
    Industrial property - 9,927 SF Office & Warehouse Space. Available September 1st.
    Where is this industrial property located?
    The property is located at 1610 Minnesota Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 9,927 SF commercial property at 1610 N Minnesota Ave, Sioux Falls, SD 57104.; 4,877 SF of high-end office space and 5,050 SF of warehouse space (must be leased together).; Office features eight window offices, two interior offices, conference room, and break area.
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    1610 Minnesota Ave 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
    1610 Minnesota Ave Sioux Falls, SD 57104
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