4811 4Th AveSioux Falls, SD 57104

Property Details for 4811 4Th Ave

Year built

1989

Construction

STEEL FRAME

Lot size

9.65 AC

Property size (Sq ft)

111,104 SF

Zone code

NO;SPECIAL NOTE

Property type

Office buildings

APN

58317

APU

58317

Description

This exceptional investment opportunity presents a 111,104-square-foot office building situated on a 9.65-acre lot in Sioux Falls, South Dakota. Located within the Sioux Empire Development Park 2 in northeast Sioux Falls, this single-story building, constructed in 1988 and 1999, boasts a spacious layout ideal for a variety of uses, particularly call centers or large office operations. The property features a large open workspace capable of accommodating approximately 800 workstations, complemented by 24 private offices, six training rooms, and four conference rooms. Additional amenities include a full kitchen and cafeteria, a mail center, and three dedicated data rooms. The building is equipped with a sprinkler system and a standing seam roof, ensuring both safety and longevity. The property is zoned I-1 Light Industrial and offers convenient access to major thoroughfares including 60th Street North, Minnesota Avenue, Cliff Avenue, and Interstate 90. The asking price is $7,999,000, translating to $72 per square foot. This presents a compelling opportunity for investors seeking a substantial, well-maintained property in a thriving South Dakota market. The building's size, amenities, and strategic location make it an attractive prospect for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $17,159,388

  6.5%

  $15,839,436

  7%

  $14,708,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,670,748

  Geo Method

  $5,670,748

• Alternative Use

  Use

  Valuation

  Residential Income

  $19,640,900

  Hospitality / Lodging

  $17,990,958

  Institutional / Educational

  $14,968,267

  Healthcare / Senior Housing

  $15,483,048

  Retail / Commercial

  $23,283,970

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5997

Longitude

-96.7265

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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