For Sale
$3,362,000

5116 Solberg Ave Sioux Falls, SD 57108

15,480 SF Class A Office, $3.36M

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: This 15,480-square-foot Class A executive office building, constructed in 2004, is situated on a 1.6-acre lot in southwest Sioux Falls, SD, at 5116 & 5120 S Solberg Avenue, zip code 57108. The property boasts a modern finish with a blend of private offices and open work areas, ideal for a variety of businesses. Conveniently located near 57th Street and I-29, it enjoys proximity to prominent businesses such as Journey Construction, Great Plains Dental, Bluestone FCU, and more. The east suite will become vacant at the end of January 2025, presenting an excellent opportunity for expansion or lease to new tenants. The seller is offering a $50,000 allowance for necessary repairs to the parking lot and retaining wall. Annual real estate taxes are $35,916.72. The property is offered at an asking price of $3,362,000 with a Net Net Net (NNN) lease type. Please allow at least 24 hours' notice for showings to coordinate with existing tenants.

Highlights

  • Modern finishes, blend of private and open office space.
  • 2004 construction.
  • East suite vacant January 2025.
  • $50,000 seller allowance for parking lot and retaining wall repairs.
  • Annual real estate taxes: $35,916.72.
  • 1.6-acre lot.

Property Details for 5116 Solberg Ave

Property type
Office properties
Square Feet
15,480 SF
Class
A
Year Built
2004
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.4989451
Longitude
-96.7798589

FAQs

What type of property is this?
Office property - 15,480 SF Class A Office, $3.36M
Where is the office property located?
The property is located at 5116 Solberg Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,362,000.
What are key features of this property?
This property features: Modern finishes, blend of private and open office space.; 2004 construction.; East suite vacant January 2025.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5116 Solberg Ave
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