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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

611 Clf Ave Sioux Falls, SD 57104-5241

2,688 SF 0.4 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
Property ID
US79-0039643
Property summary
AI-generated overview

This exceptional retail property, located at 611 S Cliff Ave in Sioux Falls, South Dakota, presents a compelling investment opportunity. Boasting 2,688 square feet on a 17,354 square foot lot, this single-building property is priced at $505,000, or $187.87 per square foot. Constructed in 1995, the building is zoned C-2 Commercial, allowing for a variety of uses. The property enjoys a highly visible corner location at the intersection of 15th Street and Cliff Avenue, benefiting from significant daily traffic of 14,200 vehicles. Its proximity to Avera McKennan main campus ensures high foot traffic and excellent accessibility. Prominent signage opportunities along Cliff Avenue further enhance visibility and marketing potential. The sale includes a "No Further Action Letter" from the South Dakota Department of Environment and Natural Resources (DENR). Note that the seller will remove all personal assets, including store fixtures, equipment, cabinets, refrigeration units, and all signage (both interior and exterior). The property will be deed-restricted for convenience stores, gas stations, and laundromats, providing clear usage parameters for future owners. This is a rare opportunity to acquire a well-located, established retail space in a thriving South Dakota market.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 2,688 SF
Lot 0.4 ac (17,354 SF)
APN 29987
UPID US79-0039643
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
  • U.S. Bank ATM Atm
  • bp Gas Station
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
by Request
Owner & transaction history
OLSON, T S
OLSON, T S
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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