319 West Ave Sioux Falls, SD 57104
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.
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.