Property profile

450 Kiwanis Ave Sioux Falls, SD 57104

OFF-MARKET
Grocery and convenience stores
Property ID
US79-0015818
0.51 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,050-square-foot Class A executive office space, located at 450 S Kiwanis Ave in Sioux Falls, South Dakota, presents a unique investment opportunity. Built in 2024, the property boasts a single-tenant occupancy and is entirely vacant, offering immediate possession. The building sits on a 0.51-acre lot and features a 14-foot ceiling height, providing ample space and flexibility for a variety of uses. Its C-2 zoning allows for diverse commercial applications, including the existing fitness facility component. The building's prime location in central Sioux Falls offers excellent visibility and accessibility, with high traffic counts on both Kiwanis Avenue (15,500 vehicles per day) and 12th Street (17,800 vehicles per day). Nearby amenities include the Great Plains Zoo, Sherman Park, Walgreens, the Country Club of Sioux Falls, Lewis Drug, and the USS South Dakota Battleship Memorial, ensuring high foot traffic and a desirable location for employees and clients. The property's modern design and convenient location make it an ideal space for businesses seeking a prestigious and functional office environment. The property is situated in Minnehaha County, South Dakota, with a zip code of 57104. This is a rare opportunity to acquire a brand-new, high-quality commercial property in a thriving area of Sioux Falls.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Lot 0.51 ac (22,185 SF)
APN 97154
UPID US79-0015818

Cap rate & NOI

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

Location

450 Kiwanis Ave Sioux Falls, SD 57104-3710
Sioux Falls metro Census 900 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

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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