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    OFF-MARKET
    Warehouses

    501 16Th St, Beresford, SD 57004

    36,900 SF 8.5 ac lot Built 2016
    Property ID
    Property summary
    AI-generated overview

    This exceptional 36,900-square-foot industrial building in Beresford, South Dakota, presents a compelling investment opportunity. Located on an 8.5-acre lot conveniently off I-29, this single-story, 2016-built facility offers significant potential for expansion. The building features a versatile layout including seven overhead doors (one 16' x 16', two 12' x 12', and four 8' x 8'), ample paved parking for 19 vehicles, a reception area, four offices, a kitchenette, and multiple restrooms. Ceiling heights range from 17'10" to 26'5", providing substantial vertical space. The building's construction includes a steel frame and steel roof. The warehouse boasts geothermal cooling and heating, while the offices utilize traditional AC. An unfinished second floor offers significant potential for future customization and expansion. The property is zoned for industrial use and boasts an 8-inch floor depth. Annual real estate taxes are $33,970. The expansive lot provides ample room for on-site storage and future growth. This property is priced at $2,950,000, or $79.95 per square foot. Its prime location and versatile design make it ideal for a variety of industrial uses. The property is located at 501 N 16th St, Beresford, SD 57004.

    Property profile
    Verified
    Property type Warehouses
    Year built 2016
    Total area 36,900 SF
    Lot 8.5 ac (370,260 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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