Carolyn Avenue I-29 Plaza

3203 South Carolyn Avenue, Sioux Falls, SD, USA
Download Spec Sheet
  • Total Available Space: 15,210 sq. ft.
  • Building Size: 15,210 sq. ft.
  • Suite Size: 15,210 sq. ft.
  • Lot Size: 1.43 acres
  • Year Built: 1976
  • Sale Price: $1,250,000

Property Features

  • Fully-leased investment property
  • Long-term tenancy with stable rent roll
  • Gross Building Area: 15,210 Sq. Ft. (234’ x 65’)
  • Leased Area: 14,298 sq. ft.
  • Lot size: 1.43 Acres (62,475 sq. ft.)
  • Year built: 1976
  • Interstate visibility
  • Zoning: C-4
  • New roof in 2013
  • Parking: 56 spaces (23 front, 33 rear)
  • Cell tower with revenue – additional future revenue with cell tower tenants expanding

Pricing

  • Building Price: $1,250,000 ($87.42/ sq. ft.)
  • Cap Rate: 7.74%
  • Building & cell tower: $1,900,000
  • Blended cap rate: 7.22%
  • 2020 Real Estate Taxes: $21,210.68

Location

  • Located just north on 41st Street on Carolyn Avenue
  • Area neighbors include: Menard’s, Quality Inn, My Place Hotel, Microtel, Empire Mall

Property Broker