Two-Level Office
For Sale
$1,150,000
C-1737 S Cleveland Ave, Sioux Falls, SD 57103
Private offices, generous open areas, multiple restrooms and on-site parking support a range of office or service operations.
Property Size6,284 SF
Price / SF$183
Days on Market21
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Property Features for C-1737 S Cleveland Ave
General Information
Standard status
Active
Size
6,284 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,149
Building Details
Buildings
1
Building Size
6,284 SF
Listing Agency:
Keller Williams Realty Sioux Falls
Listed By:
Angela Lucid
(605) 940-7074
Source:
Exprealty
Added: Sep 25
Changed: Oct 13
Last Checked: Oct 15 at 1:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Sioux Falls
Investment Insights
Based on property information with market context.
This 6,284 SF office building has a main floor and a walkout basement, each with private offices and substantial open space. The main level also includes an entry area, a kitchenette, separate men’s and women’s restrooms, a coed restroom, and four sinks. The basement has its own exterior entrance, interior stair access, two bathrooms, and open space suited to shared or community use; one bathroom has a shower, while the other includes a washer and dryer hookup.
The property occupies the corner of Cleveland Ave and 26th St, with access to Interstate 229, 26th St, and Southeastern Ave. On-site parking is available, including a second parking area reached from the basement level.
The property occupies the corner of Cleveland Ave and 26th St, with access to Interstate 229, 26th St, and Southeastern Ave. On-site parking is available, including a second parking area reached from the basement level.
Key Highlights
- 6,284 SF office building with main‑floor and walkout‑basement space
- Corner location at Cleveland Ave and 26th St
- Access to Interstate 229, 26th St, and Southeastern Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,127
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,540
$1.7M
Cap Rate 7%
$1,201,814
$1.2M
Cap Rate 9%
$934,744
$934.7K
Market Conditions
NOI Build-Up for 6,284 SF
Gross rent
$132.0K $21.00/SF
− Vacancy
−$19.8K −$3.15/SF
EGI
$112.2K $17.85/SF
− OpEx
−$28.0K −$4.46/SF
NOI
$84.1K $13.39/SF
Area
Sioux Falls, SD
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,540
Cap Rate 7%
$1,201,814
Cap Rate 9%
$934,744
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,127 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,446 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Private offices, generous open areas, multiple restrooms and on-site parking support a range of office or service operations.
Where is this office building located?
The property is located at C-1737 S Cleveland Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,284 SF office building with main‑floor and walkout‑basement space; Corner location at Cleveland Ave and 26th St; Access to Interstate 229, 26th St, and Southeastern Ave
