Entertainment Venue

1600 & 1700 W. Russell Street Sioux Falls, SD

View Spec as PDF

Lease Rate: $100,000 per month NNN

Sale Price: $12,900,000

Building Size: 69,470 sq. ft.

Total Available Space: 69,470 sq. ft.

Suite Size: 69,470 Sq. Ft.

Property Type: Business Opportunity | Investment | Office | Retail | Other

Property Description

Property Features

  • Building #1: 60,295 sq. ft. - high tech building, two levels
  • Built in 2016
  • Building #2: 9,175 sq. ft. - nicely finished office building
  • Built in 1963 remodeled in 2015
  • List price includes real estate, most existing furniture, fixtures, equipment, and liquor license
  • Zoned C-4, fully developed site with curb and gutter
  • 4.4 acres
  • Concert venue with extensive light, sound, and video equipment
  • Building Features:
    • State-of-the-art security systems
    • Over 100 security cameras
    • High capacity HVAC systems
    • 14 lane indoor gun range
    • Retail space
    • Two digital signs
    • Interior 350 sq. ft. high-res LED mega screen
    • High-end finishes throughout
    • Exterior glass elevator
    • High ceilings
    • Three full size garage doors (two doors in rear of building on first and second floors for multi-floor loading)
    • Warehouse with freight elevator
    • Advanced fire suppression system
    • Cat 5 & Cat 6 cable throughout
    • 280 paved, on-site parking spaces

Pricing

  • List price: $12,900,000
  • Lease rate: $100,000 per month triple net
  • 2017 Real Estate Taxes: $91,247.19

Location

  • Located in the heart of the Sports and Entertainment District
  • High traffic location with a 2017 traffic count of 22,300 vehicles per day
  • Area neighbors include the Denny Sanford Premier Center, Sioux Falls Convention Center, Howard Wood Field, Canaries Stadium, Sheraton Sioux Falls, Ramada Airport Hotel & Suites, Castaways Bar & Grill, Super 8, American Budget Lodge-Sioux Falls Inn, Buffalo Wild Wings, Crooked Pint Ale House, Holiday Inn & Suites

Brokers

Dennis Breske, CCIM, SIOR, MBA

Senior Vice President

Office Phone: (605) 444-7100

Dennis founded NAI Sioux Falls in June of 1999 and has over 30 years' experience in the Sioux Falls commercial real estate marketplace. Dennis has completed over 1,000 commercial real estate transactions and is widely regarded as one of the most professional and knowledgeable agents in the Sioux Falls market. 

View Dennis' Profile
Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile