1733 Sherman Ave Sioux Falls, SD 57105-2226
This exceptional 4,572 square foot office building, located at 1733 S Sherman Ave in Sioux Falls, South Dakota, presents a unique investment opportunity. Zoned O-Office, the property offers versatile space ideal for a variety of uses, including creative office, traditional office, and daycare facilities. The building features two large open areas, perfect for collaborative workspaces or daycare activities, along with a kitchen, a private office, and restrooms. A significant advantage is the large, fenced-in outdoor area, providing ample space for recreation or additional functionality. Parking is readily available with 17 on-site spaces, offering a ratio of one space per 269 square feet, supplemented by convenient street parking. The property boasts a highly visible location near the intersection of 26th Street and Cliff Avenue, benefiting from a daily traffic count of 11,000 vehicles on 26th Street. Its strategic location provides easy access to Cliff Avenue and Interstate 229, ensuring excellent connectivity. The asking price is $595,000, translating to $130.14 per square foot. The lot size is substantial at 25,608 square feet, offering potential for future expansion or development. This property in Minnehaha County, zip code 57105, represents a compelling opportunity for investors seeking a versatile and well-located commercial asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.