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Property profile & analytics
OFF-MARKET
Office buildings

1101 Russell St Sioux Falls, SD 57104-1322

6,000 SF 0.66 ac lot Built 1975
Individually Owned 2-yr Hold Free & Clear
Property ID
US79-0060546
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction STEEL FRAME
Total area 6,000 SF
Lot 0.66 ac (28,750 SF)
Zoning code FP;FP
APN 24658
UPID US79-0060546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Baldwin-De Bates Insurance Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lea Anne Wroblewski · 2 yrs held
Lea Anne Wroblewski
since 2023
Last sale
$260,000
1 recorded transaction
2023
$260,000
Zoning & alternative use
FP;FP · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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