5009 12Th StSioux Falls, SD 57106

Property Details for 5009 12Th St

Year built

1977

Construction

FRAME

Lot size

1.08 AC

Property size (Sq ft)

26,400 SF

Property type

Retail properties

Property subtype

Strip malls

APN

54513

APU

54513

Description

Invest in this remodeled 7,922 square foot retail and office center in Sioux Falls, South Dakota. Located at 5009 W 12th St, 57106, this single-tenant property boasts six individual suites, available for lease together or separately. The building, constructed in 1985 and situated on a busy street near Marion Road, features a spacious parking lot with ample parking. Recent upgrades include a new asphalt parking lot, fresh siding, and exterior paint. Internal amenities include eight bathrooms and a kitchenette. An 800 square foot lower-level storage area is included at no additional cost. Currently used as a medical laboratory, this versatile space, zoned C-4, is suitable for a variety of retail uses. The pricing reflects leasing the entire space

• CAP approach

  CAP return

  Valuation

  6%

  $5,993,834

  6.5%

  $5,532,770

  7%

  $5,137,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,395,589

  Geo Method

  $3,395,589

• Alternative Use

  Use

  Valuation

  Residential

  $4,667,098

  Hospitality

  $4,275,037

  Educational

  $3,556,780

  Medical

  $3,679,104

  Retail

  $5,532,770

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5433

Longitude

-96.7875

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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