2500 49Th StSioux Falls, SD 57105

Property Details for 2500 49Th St

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

0.99 AC

Property size (Sq ft)

16,654 SF

Property type

Office properties

Property subtype

Office buildings

APN

56672

APU

56672

Description

This exceptional executive office space at 2500 W. 49th Street in Sioux Falls, South Dakota, offers a rare opportunity for businesses seeking flexible and modern accommodations. The Class B building, constructed in 1986, boasts a total of 5,214 square feet and is situated on a 0.99-acre lot. Currently, there are two suites available, with a minimum divisible space of 145 square feet and a maximum contiguous space of 254 square feet, totaling 399 square feet of vacant space. The building features convenient amenities including ample parking with 68 paved on-site spaces and elevators for easy access. The property is ideally suited for small businesses or individual professionals requiring a professional and efficient workspace. Located in Minnehaha County, with a 57105 zip code, this location provides easy access to major transportation routes and local amenities. The multiple tenancy structure allows for a diverse and vibrant work environment. This is an excellent opportunity to secure a well-maintained and conveniently located office space in a thriving South Dakota market. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,572,163

  6.5%

  $2,374,304

  7%

  $2,204,711

• Comparable approach

  Method

  Valuation

  Relative Method

  $850,020

  Geo Method

  $850,020

• Alternative Use

  Use

  Valuation

  Residential

  $2,944,137

  Hospitality

  $2,696,814

  Educational

  $2,243,717

  Medical

  $2,320,882

  Retail

  $3,490,227

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5088

Longitude

-96.7565

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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