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    Warehouses

    2519 Shirley Ave, Sioux Falls, SD 57106

    11,105 SF Built 2003
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11,105 square foot industrial property in Sioux Falls, South Dakota, presents a unique owner-user opportunity. Located within the thriving Meadows on the River development, this 2003-built warehouse boasts a 20'6" clear height, multiple Reznor heaters, and 14' garage doors. Suite 2519 offers a showroom, large warehouse area, office space, and restroom. The property includes approximately 64 parking spaces, with a new parking lot scheduled for completion in July 2024. This multi-tenant building is zoned C-4 Commercial Regional and is currently offered for sale by owner with a NNN lease in place for a portion of the space, offering potential rental income. The property's strategic location provides easy access to I-29 and is surrounded by numerous businesses, including Sturdevant's Auto Parts, Shahi India Grill, Morrie's Steakhouse, and major retailers like The Home Depot, Menards, and Sam's Club. The asking price is $1,450,000, with a price per square foot of $130.57. The current lease has a remaining term of approximately 2.8 years, commencing September 1, 2024, and expiring August 31, 2027. This presents a compelling investment opportunity for a business seeking both occupancy and rental income in a high-demand location. The property is situated at 2519 S Shirley Ave, Sioux Falls, SD 57106.

    Property profile
    Verified
    Property type Warehouses
    Year built 2003
    Total area 11,105 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
    • LL Flooring Carpet & Flooring Store Hardware & Home Improvement
    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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