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Property profile & analytics
FOR LEASE
Office buildings

1704 S Cleveland Ave Sioux Falls, SD 57103

13,327 SF 1.2 ac lot Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US79-0043114
Property summary
AI-generated overview

This exceptional office property, located at 1704 S Cleveland Ave in Sioux Falls, South Dakota, offers a fantastic opportunity for businesses seeking flexible and well-situated space. The Willow Creek building boasts a total of 13,237 square feet, with multiple tenancy options available. Currently, 1,351 square feet of vacant space is immediately available, with the potential to lease up to 2,390 square feet. Ideal for traditional office or medical office uses, this property is situated on a 1.2-acre lot and was built in 1978. The building enjoys a convenient eastside location, providing quick access to 26th Street and Interstate 229, ensuring easy commutes for employees and clients. Ample parking is provided, with a generous ratio of one parking space for every 213 square feet of office space. The property is situated in Minnehaha County, South Dakota, and has a zip code of 57103. This is a rare opportunity to secure high-quality office space in a desirable location within Sioux Falls. The minimum divisible space is 1,351 square feet, making it suitable for a variety of business needs. Don't miss this chance to establish your business in this thriving area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction FRAME
Total area 13,327 SF
Lot 1.2 ac (52,272 SF)
APN 27957
UPID US79-0043114
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
  • Dillon Craig M DDS Dental Office
  • Spielman Nikki Dental Office
  • Edie Julie Dental Office
  • Scott Nowak American Family Insurance Insurance Agency
  • The Compass Center Counselor Domestic Abuse Treatment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$1.50M
Owner & transaction history
James River Real Estate LLC · 4 yrs held
James River Real Estate LLC
since 2022
Last sale
$1.4M
1 recorded transaction
2022
$1.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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