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    705 60Th St Sioux Falls, SD 57104

    Sponsored
    For Sale
    $7,446,180

    124,103 SF Office/Warehouse, 100% Vacant

    Property size:
    124,103 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This fee-simple property, located at 705 East 60th St N in Sioux Falls, South Dakota, presents a unique investment opportunity. The 124,103 square foot building, constructed in 1983, sits on a 14.09-acre lot and offers a flexible layout suitable for various uses, including data centers, industrial operations, or self-storage. Currently vacant, the building boasts a traditional office and warehouse configuration, featuring 752 parking spaces, three dock-high doors, and one roll-up door. The interior includes a raised floor system (16"), a wet sprinkler system, and a 9-foot finished ceiling height. The building's infrastructure is robust, with a 2-megawatt electric capacity supported by a 1375 KVA Caterpillar 3512 generator providing full building system coverage for 3.5 days at full load. A 500 KVA Powerware 9315 UPS system protects critical systems, powered by Enerys Wet Call batteries. Cooling is handled by CRAC units and Liebert systems. The building also features a condenser water system and heat pumps for HVAC, a tar and gravel roof, and a tilt-up concrete exterior finish. The two-story structure has one freight and one passenger elevator. The column spacing is 30 feet, with slab-to-slab heights of 12'4" on the first floor and 14'10" on the second. The property is zoned I-1, light industrial, offering considerable versatility. Underground fuel tanks with a total capacity of 10,000 gallons are housed in a cement vault. The asking price is $7,446,180, translating to $60 per square foot.

    Property Features for 705 60Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    124,103 SF
    Lot Size
    613,760 SF

    Building Details

    Year Built
    1983
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -96.718797
    Latitude
    43.599262

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    FAQs

    What type of property is this?
    Distribution property - 124,103 SF Office/Warehouse, 100% Vacant
    Where is this distribution property located?
    The property is located at 705 60Th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $7,446,180.
    Request Owner's contact information
    705 60Th St 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
    705 60Th St Sioux Falls, SD 57104
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