6709 Minnesota Ave Sioux Falls, SD 57108
- Commercial real estate
- 0.02 lot acres
Current Use by Public Records
- Independent medical Arts / Medical Center
- Sioux Falls Cardiovascular PC / Medical Clinic / Cardiologist
- Kannan Clinic PC / Medical Clinic
- Sioux Falls Sleep Center / Sleep Clinic
- Pulmonary & Sleep Consultants / Medical Clinic / Sleep Clinic
Property Details for 6709 Minnesota Ave
- Lot size
- 0.02 lot acres
- Zone code
- MUNICIPALITY
- Property type
- Commercial real estate
- APN
- 280.33.15.3205
- APU
- 28033153205
Description
The IMA Building, located at 6709 S Minnesota Ave in Sioux Falls, South Dakota, offers exceptional medical and traditional office space. This 36,500 square foot multi-tenant building boasts three available suites ranging from 2,426 to 4,487 square feet, providing flexibility for various business needs. The building features beautifully finished common areas, including shared restrooms and a conference room, catering to the convenience of all tenants. Ample parking is available, exceeding the requirements for medical office use, ensuring convenient access for staff and clients. The property enjoys a prime location near the intersection of 69th Street and Minnesota Avenue in south Sioux Falls, providing excellent visibility and accessibility. With a daily traffic count of 21,600 vehicles on Minnesota Avenue, this location offers significant exposure for businesses. Easy access to major thoroughfares such as 69th Street, 85th Street, and the future South Veterans Parkway (SD 100) further enhances its strategic position. This Lincoln County property presents a unique opportunity for businesses seeking high-visibility, well-appointed office space in a thriving South Dakota market. The building's design and amenities are ideal for medical practices or other professional offices requiring ample parking and convenient access.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $415,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $490,000
- Mixed-Use
- $485,000
- Hospitality
- $475,000
- Educational
- $375,000
- Residential Income
- $420,000
- Energy
- $380,000
- Income-Based Land
- $485,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7288
- Latitude
- 43.4842
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA