Property profile

501 16Th St Beresford, SD 57004

OFF-MARKET
Warehouses
36,900 SF 8.5 ac lot Built 2016
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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

Location

501 16Th St Beresford, SD 57004
Beresford metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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