100 S Spring Ave Sioux Falls, SD 57104
- Office buildings
- 17,538 SF
- 0.66 lot acres
Current Use by Public Records
- EGE Group LLC / Accountant
- Even Law Firm: James R. Even / Attorney / Personal Injury Attorney
- Butler Michael J / Attorney
- 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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
