314 Walnut StYankton, SD 57078

Property Details for 314 Walnut St

Year built

1947

Lot size

0.17 AC

Property size (Sq ft)

4,713 SF

Property type

Office properties

Property subtype

Office buildings

APN

78.790.026.050

APU

78790026050

Description

This exceptional office property, located at 314 Walnut Street in Yankton, South Dakota, 57078, offers a unique opportunity for businesses seeking flexible and stylish workspace. The building, constructed in 1947, boasts a total of 4,713 square feet and comprises three suites. Currently, 1,853 square feet of space is available for lease, divisible into units ranging from 451 to 1,402 contiguous square feet. The property sits on a 7,405 square foot lot, providing ample space and visibility. This location is ideal for businesses seeking a vibrant and convenient downtown setting. The property is situated in Yankton's Downtown Meridian District, offering easy access to a variety of amenities and businesses, including Lewis & Clark Ford, the Riverfront Event Center and Hotel, First Dakota National Bank, and Ben's Brewing Co. The property's classification as both Executive and Creative Office space caters to a diverse range of business needs, offering a blend of professional and inspiring work environments. The multiple tenancy option allows for flexibility in lease terms and space requirements. This is a rare opportunity to secure prime office space in a thriving downtown location. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $737,117

  6.5%

  $680,416

  7%

  $631,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $240,552

  Geo Method

  $240,552

• Alternative Use

  Use

  Valuation

  Residential

  $843,716

  Hospitality

  $772,839

  Educational

  $642,993

  Medical

  $665,107

  Retail

  $1,000,211

Location Insight

City

Yankton

County

Yankton

State

South Dakota

Latitude

42.8705

Longitude

-97.3933

CBSA code

49460

CBSA name

YANKTON, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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