301 58Th StSioux Falls, SD 57104

Property Details for 301 58Th St

Year built

1998

Construction

STEEL FRAME

Lot size

3.04 AC

Property size (Sq ft)

63,775 SF

Property type

Office buildings

APN

65100

APU

65100

Description

This exceptional 63,775-square-foot office building, situated on a 4.75-acre lot in Sioux Falls, South Dakota, presents a compelling investment opportunity. Built in 1989, the single-story structure is zoned I-1 Light Industrial and 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 550 workstations, complemented by ten private offices, a training room, and six conference rooms. Additional amenities include a full kitchen and cafeteria area, ensuring employee comfort and convenience. The building is equipped with a sprinkler system for enhanced safety and features a durable standing seam roof. Its strategic location within the Sioux Empire Development Park 2 in northeast Sioux Falls provides easy access to major thoroughfares, including 60th Street North, Minnesota Avenue, Cliff Avenue, and Interstate 90, ensuring excellent accessibility for employees and clients. The asking price is $4,499,000, translating to $70.54 per square foot. This property offers a rare combination of size, functionality, and location, making it an attractive prospect for discerning investors seeking a high-quality commercial asset in a thriving market. The address is 301 E 58th St, Sioux Falls, SD 57104.

• CAP approach

  CAP return

  Valuation

  6%

  $11,163,000

  6.5%

  $10,304,300

  7%

  $9,568,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,255,080

  Geo Method

  $3,255,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,443,200

  Retail / Commercial

  $10,769,600

  Mixed-Use / Specialty

  $10,552,800

  Hospitality / Lodging

  $7,509,980

  Institutional / Educational

  $10,906,900

  Residential Income

  $12,761,100

  Multifamily

  $16,293,900

  Automotive / Energy

  $9,348,760

  Parking / Income-Based Land

  $3,402,390

  Restaurant / Food Service

  $5,107,860

  Healthcare / Senior Housing

  $11,004,600

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.599

Longitude

-96.7245

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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