225 11Th StSioux Falls, SD 57104

Property Details for 225 11Th St

Year built

1925

Construction

TYPE NOT SPECIFIED

Lot size

1.10 AC

Property size (Sq ft)

39,300 SF

Property type

Office buildings

APN

43093

APU

43093

Description

The Johnson Building, located at 225 E 11th St, Sioux Falls, SD 57104, offers 36,800 square feet of versatile space in a renovated (2023) Class B building. This two-story, 14-suite property boasts a prime Downtown Sioux Falls location at the corner of E. 11th Street and S. 2nd Avenue, providing exceptional visibility at the foot of a three-lane viaduct. Its proximity to the Yankton Bike Trail, Big Sioux River, and Phillips Avenue ensures high foot and vehicle traffic. Currently, 1,505 square feet are available for lease. The building features one passenger elevator, 42 parking spaces, and sits on 1.1 acres of land (APN 43093, Zoning: DTPUD). Suitable for various uses including traditional office, executive office, coworking, medical office, creative office, retail, bistro, coffee shop, boutique, shoe store, salon, studio, law firm, accounting, consulting, wealth management, real estate, and specialty store.

• CAP approach

  CAP return

  Valuation

  6%

  $6,069,682

  6.5%

  $5,602,784

  7%

  $5,202,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,005,872

  Geo Method

  $2,005,872

• Alternative Use

  Use

  Valuation

  Residential

  $6,947,452

  Hospitality

  $6,363,828

  Educational

  $5,294,630

  Medical

  $5,476,721

  Retail

  $8,236,092

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5441

Longitude

-96.7243

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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