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    523 Kiwanis Ave Sioux Falls, SD 57104

    • Warehouses
    • 13,010 SF
    • 2.14 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US79-0049735
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car's Cash For Junk Clunkers / Junk Dealer
    • The Fruit Truck Market/European Grocery / Grocery Store
    • Fair Market West / Grocery Store
    • Sisouvanh Food Truck / Laotian Restaurant
    • B & J Tool & Supply / Tool Store / Auto Parts Store

    Property Details for 523 Kiwanis Ave

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    2.14 lot acres
    Property size
    13,010 SF
    Zone code
    FP;FP
    Property type
    Warehouses
    APN
    59255
    APU
    59255

    Description

    This 4,269 square foot warehouse, located at 523 N. Kiwanis Avenue in Sioux Falls, South Dakota, presents a significant opportunity. The property, classified as Class C, was built in 1983 and sits on a two-acre lot. The building is currently entirely vacant, offering immediate occupancy for a new tenant. The property's subtype includes warehouse, distribution, and former grocery store, suggesting versatile usage potential. The building features one drive-in door and benefits from three-phase power, essential for many industrial operations. Its location on Kiwanis Avenue, just south of 3rd Street, provides convenient access to 12th Street and places it near several established businesses, including Kitchens & Windows Unlimited, JD's House of Trophies, Elite Truck, and Ace Signs. The property is zoned for retail and industrial uses, offering flexibility for a variety of businesses. The total building area is 4,269 square feet, spread across a multi-tenant building. The zip code is 57104, and the property is situated in Minnehaha County. This property is an excellent choice for businesses seeking a well-located, spacious warehouse in a thriving area of Sioux Falls.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7622
    Latitude
    43.5541
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $21,621
    $243,000
    $838,800
    $1,081,800
    -
    $0.00
    $0.00
    $0.00

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    Sioux Falls, SD 57104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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