100 S Spring Ave Sioux Falls, SD 57104
Property Lookup
Property profile & analytics
100 S Spring Ave Sioux Falls, SD 57104
- Office buildings
- 17,538 SF
- 0.66 lot acres
Property ID
US79-0026457
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.
Location Intelligence
Current Use by Public Records
- EGE Group LLC / Accounting Firm / Tax Preparation
- Even Law Firm: James R. Even / Law Firm
- Butler Michael J / Law Firm
- Watertown, SD Real Estate / Real Estate Agency
- First Choice of the Midwest / Insurance Agency
Property Details for 100 S Spring Ave
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.66 lot acres
- Property size
- 17,538 SF
- Property type
- Office buildings
- APN
- 25797
- APU
- 25797
Description
This exceptional investment opportunity presents a fully leased, multi-tenant office building located at 100 S Spring Ave, Sioux Falls, SD 57104, in Minnehaha County. The Class B property, built in 1970, boasts a substantial 17,538 square feet situated on a 0.66-acre lot. Currently generating a strong NOI of $91,100 and commanding a 7.00% cap rate, this property offers a compelling return on investment at an asking price of $1,300,000 ($74.12 per square foot). The building features convenient on and off-street parking with a total of 39 spaces, including 3 handicap-accessible spots. Adding to its appeal, the first floor is ADA accessible, and a shared conference room caters to the needs of multiple tenants. This presents a value-add opportunity for a savvy investor seeking a stable, income-producing asset in a desirable location. The property's strong tenant occupancy and attractive financial metrics make it an ideal addition to any commercial real estate portfolio. The building's location in Sioux Falls provides easy access to major transportation routes and amenities.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,627,000
Market price range: $1.28M - $2.79M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,045,000 Current use
- AUTO REPAIR, GARAGE
- $1,645,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7324
- Latitude
- 43.5469
- 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
$22,924
$114,400
$1,111,800
$1,226,200
-
$0.00
$0.00
$0.00
