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Property profile & analytics
OFF-MARKET
Lifestyle centers

319 West Ave Sioux Falls, SD 57104

1,468 SF Built 1953
Property ID
Property summary
AI-generated overview

This centrally located Sioux Falls commercial property at 319 West Ave, 57104, offers 1,468 square feet of space, ideal for retail or office use. The property, built in 1953, includes two buildings situated on a 5,142 square foot lot with ample parking. One building is a 1,468 sq ft commercial structure, formerly a casino, now vacant and ready for a new owner/user. A second building, located at 315 N West Ave, is a home requiring significant repairs or demolition. This home is included in the sale price of $295,000 ($200.95/sq ft). The property is zoned commercial and the seller will implement a deed restriction prohibiting future casino operations. While the property is for sale, it's also available for lease at $12.00 NNN, plus utilities. The property's location in the heart of Sioux Falls provides excellent visibility and accessibility. The inclusion of the adjacent home presents an opportunity for expansion or additional parking. This versatile property is perfect for an entrepreneur seeking a prime location in a thriving market. Minnehaha County location.

Property profile
Verified
Property type Lifestyle centers
Year built 1953
Total area 1,468 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
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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