405 34Th StSioux Falls, SD 57105

Property Details for 405 34Th St

Year built

1976

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

3,600 SF

Property type

Office buildings

APN

47325

APU

47325

Description

This exceptional executive office building, located at 405 W 34th St in Sioux Falls, South Dakota, presents a compelling investment opportunity. Boasting 3,600 square feet of space, this Class C building offers three levels of well-appointed office space, each equipped with its own restroom. Abundant natural light floods the interior thanks to numerous windows throughout. Convenience is maximized with separate entrances serving both the garden and main levels. Recent improvements enhance the property's appeal, including brand new lighting fixtures, fresh floor coverings, and a recently resealed and coated parking lot. The 0.15-acre lot (6,600 square feet) provides ample parking. Situated in a high-traffic area off Minnesota Avenue, between 33rd and 37th Streets, this property benefits from excellent visibility and proximity to established businesses such as Culver's, Bagel Boy, Tires Tires Tires, Lewis, Billion Auto, and Hy-Vee. The property is zoned C-2 and was built in 1987. The asking price is $349,000. This is an ideal opportunity for a business seeking a well-maintained, conveniently located office space or an investor looking for a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $630,138

  6.5%

  $581,665

  7%

  $540,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,744

  Geo Method

  $183,744

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,210,450

  Retail / Commercial

  $607,933

  Mixed-Use / Specialty

  $595,694

  Hospitality / Lodging

  $423,930

  Institutional / Educational

  $615,682

  Residential Income

  $720,348

  Multifamily

  $919,780

  Automotive / Energy

  $527,728

  Parking / Income-Based Land

  $192,063

  Restaurant / Food Service

  $288,331

  Healthcare / Senior Housing

  $621,201

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5205

Longitude

-96.7304

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].