For Sale
$2,200,000

2701 Carolyn AveSioux Falls, SD 57106

Owner-occupant investment opportunity. Prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 25,120-square-foot industrial property in Sioux Falls, South Dakota, presents a unique owner-occupant investment opportunity. Located at 2701 S Carolyn Ave, in the desirable Meadows on the River development, this property offers 11,200+ square feet of immediately usable space, with potential for future expansion as existing leases expire. Built in 1972, the single building sits on a 1.53-acre lot and benefits from excellent visibility from I-29. The property includes 72 shared parking stalls and is situated near a variety of businesses, including Sturdevant's Auto Parts, Shahi India Grill, and several restaurants and hotels. The surrounding area boasts strong retail anchors such as The Home Depot, Menards, Sam's Club, and more, drawing significant traffic. The property's current tenants include 1-800-Hanson and Lloyd Companies (storage), along with a short-term manufacturing tenant. This NNN-leased, multi-tenant property is offered for sale by owner at $2,200,000. Its proximity to Lake Lorraine, a premier development attracting over 3.2 million annual visitors, further enhances its value and potential. Rent bumps are included in the sale. This is an ideal opportunity for a business seeking both investment and immediate occupancy in a high-traffic, well-established location.

Highlights

  • High visibility from I-29.
  • 72 shared parking spaces available on-site.
  • Tenants include 1-800-Hanson, Lloyd Companies (storage), and a short-term manufacturing tenant.
  • Strong surrounding businesses including restaurants, auto services, and hotels.
  • Located near a major retail development anchored by Home Depot, Menards, and Sam's Club.
  • Adjacent to I-29 and across from the high-traffic Lake Lorraine development.

Property Details for 2701 Carolyn Ave

Property type
Warehouses, Retail properties
Square Feet
25,120 SF
Year Built
1972
Buildings
1
Lot Size (sq. ft)
66,647 SF

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5205236
Longitude
-96.7791348
2701 Carolyn Ave, Sioux Falls, South Dakota

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2701 Carolyn Ave
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