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    114 Reid St Sioux Falls, SD 57103
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    Property profile & analytics

    114 Reid St Sioux Falls, SD 57103


    • Warehouses
    • 3,049 SF
    • 0.37 lot acres
    Sioux Falls Flex/Industrial Building For Sale
    $975,000
    3,109 SF

    Sioux Falls Flex/Industrial Building

    Stand-alone building near 8th & Railroad, potential for redevelopment.

    114 S Reid St, Sioux Falls, SD
    View Listing
    Property ID
    US79-0071351
    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.

    Value Estimations
    Cap Rate Potential
    2.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 114 Reid St

    Year built
    1910
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.37 lot acres
    Property size
    3,049 SF
    Zone code
    FP;FP
    Property type
    Warehouses
    APN
    53856
    APU
    53856

    Description

    This exceptional 3,109-square-foot flex space, located in Minnehaha County, presents a unique investment opportunity. Originally built in 1910 as a locomotive boiler repair facility, the building boasts impressive 2-inch thick brick exterior walls, showcasing its historical character. The single-tenant property is zoned DTPUD, offering versatility for various uses and redevelopment potential. The building's unique design and prime location just south of 8th & Railroad and the Lumber Exchange Building, and west of a planned railyard site development, and south of the announced Riverline District, make it an attractive proposition. While the listed square footage is 3,109, a second floor exists (not included in the square footage) offering additional space for potential living space, retail, or office use, although the side wall height may present limitations. The property is currently vacant and ready for immediate occupancy. A negotiable build-out allowance may be available, and the ownership group is open to discussing redevelopment options, making this a highly adaptable space for a discerning tenant. This is a rare chance to acquire a piece of history with significant future potential.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,275,000
      ML approach
      $1,225,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7221
    Latitude
    43.5466
    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
    $2,725
    $88,000
    $38,300
    $126,300
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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