Investment Property

2900 West 11th Street, Sioux Falls, SD, USA
Download Spec Sheet
  • Total Available Space: 26,252 sq. ft.
  • Building Size: 26,252 sq. ft.
  • Lot Size: 3.007 acres
  • Year Built: 1999
  • Sale Price: $3,695,500

Property Features

  • Building – 2900 W. 11th Street
    • First floor: 20,334 sq. ft.
    • Second floor: 5,918 sq. ft.
    • Building size: 26,252 sq. ft.
    • Lot size: 106,158 sq. ft. (2.437 acres)
    • Zoning: C3
    • Age: 22 years
    • Parking spaces: 133
    • 2020 Real Estate Taxes: $56,238.62
  • Excess Land – 2909 W. 10th Street
    • Lot size: 24,898 sq. ft. (0.57 acres)
    • Zoning: C3
    • 2020 Real Estate Taxes: $1,920.34

Pricing

  • List price: $3,695,500
  • 6.75% CAP Rate
  • 2020 Real Estate Taxes: $58,158.96 (building and land)
  • $670,556 of capital expenditures completed over past nine years (parking lot, roof, HVAC)

Location

  • Located just west of Kiwanis Avenue on W. 11th Street
  • Easy access to 12th Street and I-29
  • Area neighbors include: Hy-Vee, Lewis Drug, Walgreens, Stan Houston Equipment, Harbor Freight, Dollar Tree, Bigs Bar

Property Brokers