1323 Minnesota Ave Sioux Falls, SD 57105-0603

Property Details for 1323 Minnesota Ave

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

0.43 lot acres

Property size

14,755 SF

Property type

Office buildings

APN

41601

APU

41601

Description

This exceptional redevelopment opportunity encompasses 1.1 acres (48,066 sq ft) of land at a highly visible, lighted intersection in Sioux Falls, SD. The property includes three parcels: a 14,755 sq ft, five-story Class B office building at 1323 S Minnesota Ave (built in 1949, structurally sound, designed for expansion up to five stories), a 4,981 sq ft building at 520 W. 22nd Street requiring demolition, and a 15,410 sq ft parking lot at 519 W. 21st Street. The main building features terrazzo and hardwood floors, operable windows, and 22 on-site parking spaces. However, the HVAC and roof systems are nearing the end of their useful life, and the building is not ADA compliant or sprinklered. Demolition costs for 520 W. 22nd Street are factored into the land price. The expansive lot offers potential for additional parking or rezoning for residential or office development. The property is zoned C-2 (main building) and Office (other parcels). The total sale price is $1,189,300, with individual parcel prices reflecting land value ranging from $12.75 to $80.60 per square foot. This presents a unique chance to capitalize on a prime Sioux Falls location with significant redevelopment potential. The property offers approximately 58 parking spaces across all three parcels.

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Longitude

-96.7317

Latitude

43.5333

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments