5116 Solberg Ave Sioux Falls, SD 57108
- Office Properties & Spaces
- 15,480 SF
- 1.60 lot acres
Current Use by Public Records
- Small Business Development Center / Business Development Service
- Avera @ Home / Physical Therapist
- South Dakota Manufacturing and Technology Solutions / Corporate Office
Property Details for 5116 Solberg Ave
- Year built
- 2004
- Lot size
- 1.60 lot acres
- Property size
- 15,480 SF
- Property type
- Office Properties & Spaces
Description
Exceptional investment opportunity: This 15,480-square-foot Class A executive office building, constructed in 2004, is situated on a 1.6-acre lot in southwest Sioux Falls, SD, at 5116 & 5120 S Solberg Avenue, zip code 57108. The property boasts a modern finish with a blend of private offices and open work areas, ideal for a variety of businesses. Conveniently located near 57th Street and I-29, it enjoys proximity to prominent businesses such as Journey Construction, Great Plains Dental, Bluestone FCU, and more. The east suite will become vacant at the end of January 2025, presenting an excellent opportunity for expansion or lease to new tenants. The seller is offering a $50,000 allowance for necessary repairs to the parking lot and retaining wall. Annual real estate taxes are $35,916.72. The property is offered at an asking price of $3,362,000 with a Net Net Net (NNN) lease type. Please allow at least 24 hours' notice for showings to coordinate with existing tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7799
- Latitude
- 43.4989
