1101 Russell St Sioux Falls, SD 57104-1322
This exceptional single-tenant office building, located at 1101 W. Russell Street in Sioux Falls, South Dakota, presents a compelling investment opportunity. The property boasts a substantial 6,000 square feet of well-maintained office space, ideally suited for a variety of businesses. The building is a single-story structure, offering convenient accessibility and functionality. Ample parking is provided with 20 spaces available on-site. The property is zoned C-4, allowing for a range of commercial uses. The asking price per square foot is $9.00, with a triple net (NNN) lease structure. This translates to a highly competitive and attractive return on investment. Situated in Sioux Falls, SD, zip code 57104, this location offers excellent visibility and convenient access to major transportation routes and amenities. The property's single-tenant occupancy simplifies management and minimizes vacancy risks. This is a rare opportunity to acquire a well-located, functional, and profitable commercial property in a thriving South Dakota market. The building's size and layout provide flexibility for various business needs, making it an ideal choice for companies seeking a substantial and well-equipped office space. The ample parking ensures convenient access for employees and clients alike. The C-4 zoning provides versatility and future development potential. Don't miss this chance to own a prime piece of Sioux Falls commercial real estate.
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Baldwin-De Bates Insurance Inc Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
FP;FP · Sioux Falls, SDSioux Falls. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.