319 West Ave Sioux Falls, SD 57104
This exceptional 1,468 square foot commercial building, located at 319 West Avenue in Sioux Falls, South Dakota, presents a unique opportunity for a variety of businesses. Built in 1953, this single-tenant property sits on a generous 5,142 acres of land and is zoned for commercial use. Its versatile design is suitable for traditional office, executive office, coworking, medical office, or creative office spaces, as well as retail uses. The building's central location in Sioux Falls offers excellent visibility and accessibility. Previously used as a casino, the space is now available for lease, with casino use explicitly prohibited by the landlord. The property's size makes it ideal for a small retail operation or an executive office suite. While this listing focuses on leasing, please note that the property is also available for purchase for $295,000, which includes the adjacent property at 315 N West Avenue. The property's zoning is commercial. This is a rare opportunity to secure a well-located, adaptable commercial space in a thriving South Dakota market. Contact us today to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.