450 Kiwanis Ave Sioux Falls, SD 57104

This exceptional Class A, 6,050 square foot executive office building presents a unique investment opportunity in the heart of Sioux Falls, South Dakota. Located at 450 S Kiwanis Avenue, this newly constructed (2024) building boasts a desirable location near Kiwanis Avenue and 12th Street, with high traffic counts of 15,500 and 17,800 vehicles per day respectively. The property is situated on a 0.51-acre lot (22,185 square feet) with convenient access from 13th Street and benefits from C-2 zoning, allowing for versatile retail or office use. The vacant shell space is ready for immediate interior build-out, offering a blank canvas for customization. Features include a 14-foot ceiling height and an 8'x8' roll-up door. The asking price is $750,000, representing a compelling $124 per square foot and an 8% cap rate. A 10-year lease term is available, with a triple net (NNN) lease structure and 3% annual escalations. The property's proximity to The Great Plains Zoo, Sherman Park, Walgreens, The Country Club of Sioux Falls, Lewis Drug, USS South Dakota Battleship Memorial, and Garfield Elementary School adds to its appeal. This is an ideal opportunity for owner-occupancy or a savvy investor seeking a strong return in a thriving market. The property is currently vacant.