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    OFF-MARKET
    Retail space

    304 37th St, Sioux Falls, SD 57105-5706

    1,528 SF 0.15 ac lot Built 1952
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US79-0006220
    Property summary
    AI-generated overview

    This free-standing office building, located in central Sioux Falls at 304 W 37th St, presents a fantastic investment opportunity. The 1,528 square foot building sits on a 6,540 square foot lot and is zoned C-1 Low Density Commercial. The main level features a spacious work area, three private offices, a breakroom, and an ADA-compliant restroom. Recent updates include new siding (2021), electrical system (2011), plumbing (2018), and refinished hardwood floors (2018). The upper level provides additional storage or office space with a second restroom, while the unfinished lower level offers ample storage. Convenient on-site parking is available. This property enjoys a prime location, just one block from Minnesota Avenue, surrounded by established businesses including Hy-Vee, Norberg Paint, Hardee's, Sherwin-Williams Paint, Dareo's Pizza, Dakota Dental, Poppadox, Culver's, and Lewis Drug. The asking price is $315,000, translating to $206.15 per square foot. This well-maintained building offers a blend of modern updates and functional space, making it ideal for a variety of commercial uses. The property's strong location and recent renovations make it a compelling investment prospect in a thriving Sioux Falls neighborhood.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1952
    Construction FRAME
    Total area 1,528 SF
    Lot 0.15 ac (6,538 SF)
    APN 51463
    UPID US79-0006220
    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
    • Sioux Falls Networks & Communications Computer & Electronic Repair
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Twelve20 LLC · 1 yrs held
    Twelve20 LLC
    since 2025
    1 recorded transaction
    2025
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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