2701 Minnesota AveSioux Falls, SD 57105

Property Details for 2701 Minnesota Ave

Year built

1956

Construction

TYPE NOT SPECIFIED

Lot size

1.95 AC

Property size (Sq ft)

46,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

47048

APU

47048

Description

This exceptional 5,424-square-foot coworking sublease opportunity is ideally situated at 2701 S Minnesota Ave in Sioux Falls, South Dakota, zip code 57105. Located in the Lewis Square development, this single-tenant office space offers a flexible and functional layout perfect for a variety of businesses. The space boasts a large open area, ideal for collaborative work, complemented by a well-equipped kitchen/lounge area for employee comfort and informal meetings. Three private offices provide dedicated space for focused work or individual teams. The sublease agreement offers access to the space Monday through Friday, from 6:00 AM to 6:00 PM. This is a gross sublease at a monthly rate of $2,500. The current lease term extends through November 14, 2025, providing a substantial period of occupancy. This is a fantastic opportunity to secure a well-appointed and conveniently located office space in a thriving Sioux Falls business district. The property's ample square footage and versatile design make it suitable for a range of business needs, from startups to established companies seeking a collaborative and efficient workspace. The location on Minnesota Avenue offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $7,104,496

  6.5%

  $6,557,996

  7%

  $6,089,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,347,840

  Geo Method

  $2,347,840

• Alternative Use

  Use

  Valuation

  Residential

  $8,131,916

  Hospitality

  $7,448,791

  Educational

  $6,197,307

  Medical

  $6,410,442

  Retail

  $9,640,255

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5199

Longitude

-96.7319

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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