5620 W 9Th St Sioux Falls, SD 57107
- Warehouses
- 4,630 SF
- 2.21 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5620 W 9Th St
- Year built
- 1989
- Construction
- STEEL FRAME
- Lot size
- 2.21 lot acres
- Property size
- 4,630 SF
- Zone code
- C2;GENERAL COMMERCIAL
- Property type
- Warehouses
- APN
- 58519
- APU
- 58519
Description
This exceptional 40,000-square-foot industrial property in Sioux Falls, South Dakota, presents a compelling owner-occupant opportunity. Located at 5620 W 9th St, this multi-tenant building boasts a desirable flex/warehouse configuration, perfectly suited for a variety of uses. The property features 16,000 square feet of vacant space, alongside a long-term tenant, Ay Mcdonald Supply, leasing 24,000 square feet at an annual NNN rent of $85,680. The building itself includes two loading docks, two dock-high doors, and a large drive-in door in the rear, ensuring efficient loading and unloading. Inside, you'll find a well-appointed layout with two window offices, one non-window office, a kitchen/break room, a mezzanine storage area accessible by forklift, a reception/showroom area, and two bathrooms. The 16-foot ceiling height provides ample vertical space, complemented by newly installed sprinklers and recent building renovations. Heating is provided by two gas Reznor heaters. The property sits on a 2.21-acre lot and includes a new concrete storage yard on the east side. The building is zoned I-1 and was constructed in 1989. The asking price is $3,000,000, representing a price per square foot of $80. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a prime Sioux Falls location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $680,000
- 6.5%
- $625,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $527,000
- AI Estimate
- $339,000
Market price range: $159k - $528kMarket price range: $133k - $339k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $365,000 Current use
- OFFICE BUILDING
- $540,000 Change: +47% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $435,000 Change: +18% Conversion: Easy
- RETAIL STORES
- $420,000 Change: +15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7961
- Latitude
- 43.548
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA