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    523 Kiwanis Ave Sioux Falls, SD 57104

    Sponsored
    For Lease
    $12 SF/Yr ($4,269 /Mo)

    Spacious warehouse, ideal for distribution. Prime location, ample space.

    Lot size:
    4,269 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 4,269 square foot warehouse, located at 523 N. Kiwanis Avenue in Sioux Falls, South Dakota, presents a significant opportunity. The property, classified as Class C, was built in 1983 and sits on a two-acre lot. The building is currently entirely vacant, offering immediate occupancy for a new tenant. The property's subtype includes warehouse, distribution, and former grocery store, suggesting versatile usage potential. The building features one drive-in door and benefits from three-phase power, essential for many industrial operations. Its location on Kiwanis Avenue, just south of 3rd Street, provides convenient access to 12th Street and places it near several established businesses, including Kitchens & Windows Unlimited, JD's House of Trophies, Elite Truck, and Ace Signs. The property is zoned for retail and industrial uses, offering flexibility for a variety of businesses. The total building area is 4,269 square feet, spread across a multi-tenant building. The zip code is 57104, and the property is situated in Minnehaha County. This property is an excellent choice for businesses seeking a well-located, spacious warehouse in a thriving area of Sioux Falls.

    Property Features for 523 Kiwanis Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,269 SF
    Class
    C
    Total Rate
    4269

    Building Details

    Year Built
    1983

    Unit(s) available at that property

    Space
    Suite 101
    Size
    4,269 SF
    Rate per SF
    $12

    HighLights

    • Available January 1, 2025.
    • 4,269 SF Class C warehouse with storefront, former grocery store space.
    • Retail area in front; warehouse/inventory area in rear with 8'x10' overhead door.
    • Two restrooms; building and monument signage available.
    • NNN expenses estimated at $2.00/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car's Cash For Junk ... Junk Dealer The Fruit Truck Market/European ... Grocery Store Fair Market West Grocery Store Sisouvanh Food Truck Laotian Restaurant B & J Tool ... Tool Store

    Suggested Use

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

    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
    -96.7618997
    Latitude
    43.5541963

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    FAQs

    What type of property is this?
    Individual retail property - Spacious warehouse, ideal for distribution. Prime location, ample space.
    Where is this individual retail property located?
    The property is located at 523 Kiwanis Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Available January 1, 2025.; 4,269 SF Class C warehouse with storefront, former grocery store space.; Retail area in front; warehouse/inventory area in rear with 8'x10' overhead door.
    Request Owner's contact information
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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
    523 Kiwanis Ave Sioux Falls, SD 57104
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