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Property profile & analytics
FOR SALE
Strip malls

707-715 S Minnesota Ave Sioux Falls, SD 57104

7,168 SF 0.45 ac lot Built 1990
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US79-0040775
Property summary
AI-generated overview

This 1,408 square foot retail space, located at 707 S. Minnesota Avenue in Sioux Falls, South Dakota, presents a fantastic opportunity. The property, built in 1990, is classified as Class C and sits on a sizable 19,144 square foot lot. Zoned C-2, it offers flexible tenancy options, with a minimum divisible space of 205 square feet and a maximum contiguous space of 1,203 square feet. Currently, the entire 1,408 square feet is vacant, providing a blank canvas for a new tenant. The property's strategic location on Minnesota Avenue boasts high visibility and significant traffic, with daily counts reaching 32,600 vehicles. This prime location places the property just minutes from downtown Sioux Falls and in close proximity to established businesses such as Papa John's, Giliberto's, Showplace Cabinetry Design Center, Taco Bell, Subway, and Azteca Mexican Restaurant. This single-suite strip center offers an excellent chance to establish a thriving retail presence in a bustling area of Sioux Falls. The property is in Minnehaha County and has a 57104 zip code.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction FRAME
Total area 7,168 SF
Lot 0.45 ac (19,798 SF)
Zoning code C2;GENERAL COMMERCIAL
APN 38663
UPID US79-0040775
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
  • LaborMax Staffing - Sioux Falls (Anytime Labor Nebraska LLC) Employment Agency
  • LaborMax Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
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Owner & transaction history
Galt 4 LLC · 3 yrs held
Galt 4 LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
C2;GENERAL COMMERCIAL · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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