114 S Main Ave Sioux Falls, SD 57104
- Office buildings
- 39,600 SF
- 0.30 lot acres
Current Use by Public Records
- ReviveVital Testosterone Replacement Therapy Center / Medical Clinic
- Lutheran Social Services LSS / Association Or Organization
- The Dakota Scout / Newspaper Publisher / Media Company
- 4Front Studios / Video Production Service / Photography Studio
- McGough / Construction Company
Property Details for 114 S Main Ave
- Year built
- 1940
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.30 lot acres
- Property size
- 39,600 SF
- Property type
- Office buildings
- APN
- 43015
- APU
- 43015
Description
The Gas Co. Building, located at 114 S Main Ave in Sioux Falls, South Dakota, offers 10,535 square feet of prime executive office space in a Class B building constructed in 1941. Currently, the entire building is vacant and available for lease. The property features multiple suites, with a minimum divisible space of 2,391 square feet and a maximum contiguous space of 10,535 square feet, providing flexibility for various business needs. The building boasts convenient access to ample parking with 350+ spaces available. Modern conveniences include elevators. This exceptional location places your business in the heart of downtown Sioux Falls, surrounded by established businesses such as McGough Construction, 4Front Studios, Felsburg, Holt & Ullevig, Wells Fargo, Experity, CCC Information Services, US Bank, and First Dakota National Bank. The property is situated in Minnehaha County, South Dakota, zip code 57104. This is a rare opportunity to secure a prominent location in a thriving downtown area. The building's history and central location offer a unique blend of character and modern convenience. The substantial square footage and ample parking make this an ideal location for a variety of businesses seeking a prestigious address in Sioux Falls.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,080,000
- 6.5%
- $1,005,000
- 7%
- $1,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,175,000
- Retail
- $1,075,000
- Mixed-Use
- $910,000
- Hospitality
- $860,000
- Educational
- $885,000
- Residential Income
- $915,000
- Energy
- $1,080,000
- Income-Based Land
- $1,105,000
- Food Service
- $1,110,000
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7279
- Latitude
- 43.5467
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
