2701 Carolyn Ave Sioux Falls, SD 57106
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.
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
FP;FP · Sioux Falls, SDCosts & 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.