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Property profile & analytics
OFF-MARKET Estimated value $1,840,000
Retail space

2701 Carolyn Ave Sioux Falls, SD 57106

9,928 SF 1.54 ac lot Built 1972
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US79-0053295
Property summary
AI-generated overview

This exceptional 25,120-square-foot industrial property in Sioux Falls, South Dakota, presents a unique owner-occupant investment opportunity. Located at 2701 S Carolyn Ave, in the desirable Meadows on the River development, this property offers 11,200+ square feet of immediately usable space, with potential for future expansion as existing leases expire. Built in 1972, the single building sits on a 1.53-acre lot and benefits from excellent visibility from I-29. The property includes 72 shared parking stalls and is situated near a variety of businesses, including Sturdevant's Auto Parts, Shahi India Grill, and several restaurants and hotels. The surrounding area boasts strong retail anchors such as The Home Depot, Menards, Sam's Club, and more, drawing significant traffic. The property's current tenants include 1-800-Hanson and Lloyd Companies (storage), along with a short-term manufacturing tenant. This NNN-leased, multi-tenant property is offered for sale by owner at $2,200,000. Its proximity to Lake Lorraine, a premier development attracting over 3.2 million annual visitors, further enhances its value and potential. Rent bumps are included in the sale. This is an ideal opportunity for a business seeking both investment and immediate occupancy in a high-traffic, well-established location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 9,928 SF
Lot 1.54 ac (66,995 SF)
Zoning code FP;FP
APN 27856
UPID US79-0053295
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
$1.77M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.84M
Owner & transaction history
Skylane Services LLC · 1 yrs held
Skylane Services LLC
since 2025
Last sale
$1.9M
3 recorded transactions
2025
$1.9M
2025
Price N/A
2022
Price N/A
Zoning & alternative use
FP;FP · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 160: ZONING
Top alternative use upside
Office building $1.2M +28.3%
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