Property profile

1800 S Summit Ave Sioux Falls, SD 57105

FOR SALE
Medical Office Space
Property ID
US79-0073923
6,570 SF 0.35 ac lot Built 1951
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This O–Office zoned property built in 1951 contains 2,190 square feet of office space with a layout that includes a large open work area, two private offices, a conference room, a small kitchenette-style area, and a restroom. The space was renovated in 2022 and includes access to a full basement that can be used for storage and is shared with the first-floor tenant. The building includes 29 on-site surface parking stalls (about 1 stall per 153 square feet) and offers signage opportunities. The property is located near Keystone Mortgage, Sunny’s Pizzeria, Walgreens, Wells Fargo, and Caribou Coffee, with the 26th Street and Minnesota Avenue intersection supporting an estimated combined 38,776 vehicles per day.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1951
Construction FRAME
Total area 6,570 SF
Lot 0.35 ac (15,246 SF)
APN 50360
UPID US79-0073923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Business Broker
  • Real Estate Agency

Location

1800 S Summit Ave Sioux Falls, SD 57105
Sioux Falls metro Census 1501 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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