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    629 Minnesota Ave Sioux Falls, SD 57104

    For Sale
    $995,000

    Prime Sioux Falls Office Building - $995,000

    Property size:
    14,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Prospect Plaza South, located at 629 S Minnesota Ave, Sioux Falls, SD 57104, presents a compelling investment opportunity. This three-story, Class B executive office building offers 14,562 square feet of space, currently available for sale at $995,000 ($68.32/sq ft). Built in 1983, the property sits on a 0.64-acre lot and features a multi-tenant configuration with a gross lease type. The building benefits from a highly visible location with monument signage on Minnesota Avenue and convenient curb cuts on both Minnesota and Spring Avenues. The property's strategic location in the heart of Sioux Falls offers excellent access to amenities and transportation. Further enhancing its potential, additional land is available for parking expansion. This presents a unique chance to acquire a well-situated office building with growth potential in a thriving South Dakota market. The property's features include three stories, ample parking, and a prime location in Minnehaha County. The asking price reflects a strong value proposition for investors seeking a well-established office building in a desirable location.

    Property Features for 629 Minnesota Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,562 SF
    Class
    B
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1983
    Stories
    3

    HighLights

    • Prime Sioux Falls office building.
    • 14,562 square‑foot, three‑story building.
    • Built in 1983.
    • 0.78‑acre lot (two parcels, 34,110 sq ft).
    • Prominent Minnesota Avenue signage.
    • Convenient access via curb cuts on Minnesota and Spring Avenues.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nor Tech Dairy Dairy Supplier ABC Realty Inc Real Estate Agency Johnson Environmental LLC Contractor Recourse Solutions Sioux ... Mental Health Service Kimberly J. Cournoyer, ... Counselor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -96.7315453
    Latitude
    43.5401347

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Sioux Falls Office Building - $995,000
    Where is this office property / space located?
    The property is located at 629 Minnesota Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Prime Sioux Falls office building.; 14,562 square-foot, three-story building.; Built in 1983.
    (605) 261-2777
    Request Owner's contact information
    629 Minnesota 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
    629 Minnesota Ave Sioux Falls, SD 57104
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