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Property profile & analytics
OFF-MARKET
Neighborhood centers

2511 Minnesota Ave Sioux Falls, SD 57105

10,159 SF Built 1951
Property ID
Property summary
AI-generated overview

This exceptional 10,159-square-foot retail property, located at 2511 S. Minnesota Avenue in Sioux Falls, South Dakota, presents a unique investment opportunity. Situated on a 1.1-acre lot, this single-story, single-tenant building boasts a Class C designation and offers significant potential for a variety of retail uses. Constructed in 1951 and extensively renovated in 2019, the property is in excellent condition and ready for immediate occupancy. The entire 10,159 square feet is currently vacant, providing a blank canvas for a new tenant. The building features 600 amp, 3-phase power, making it suitable for businesses with substantial energy needs. Zoned C-3, this property benefits from its prominent location in Minnehaha County, within the 57105 zip code. The absence of elevators is noted, reflecting the single-story design. This property is an ideal choice for businesses seeking a well-maintained, spacious retail space in a thriving South Dakota market. Its size, location, and recent renovations make it a highly attractive proposition for discerning investors and entrepreneurs. The property's ample lot size also offers potential for future expansion or outdoor amenities. This is a rare opportunity to acquire a fully vacant, extensively renovated retail space in a desirable location.

Property profile
Verified
Property type Neighborhood centers
Year built 1951
Total area 10,159 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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