Hillcrest Plaza

1015 North Minnesota 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: 1.12 acres
  • Year Built: 1975
  • Sale Price: $1,800,000

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: 14,768 sq. ft.
  • Lot size: 1.12 Acres (48,664 sq. ft.)
  • Year built: 1975, addition 1977
  • Construction: concrete block with pre-cast concrete roof
  • Zoning: C-2
  • Parking: 60+ spaces (resealed 2020)
  • New roof: 2015
  • HVAC units replaced in last 8 years

Pricing

  • List Price: $1,800,000 ($121.88/ sq. ft.)
  • 2019 Real Estate Taxes: $21,303.64
  • Cap Rate: see page 3

Location

  • Located on Minnesota Avenue, just south of Russell Street
  • Tenants: Talecris Plasma Center, Shop ’N Cart, Lucky Strike Casino, Lovely Nails
  • Area neighbors include: Skyway Liquor, Burger King, Subway, Falls Park, Downtown Sioux Falls
  • 2019 traffic count: 13,400 vpd

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