701 60Th StSioux Falls, SD 57104

Property Details for 701 60Th St

Year built

1981

Construction

TYPE NOT SPECIFIED

Lot size

15.00 AC

Property size (Sq ft)

124,626 SF

Zone code

NO;SPECIAL NOTE

Property type

Office buildings

APN

46833

APU

46833

Description

This exceptional 124,626 square foot flex/warehouse building, located at 701 East 60th St N in Sioux Falls, South Dakota, presents a unique opportunity. Built in 1981, this two-story structure sits on a generous 15-acre lot and is zoned I-1. The property offers a variety of configurations, with a minimum divisible space of 61,164 square feet and a maximum contiguous space of the entire 124,626 square feet. Currently, there are two suites available. The building features a substantial 30-foot ceiling height, ideal for various industrial uses, and includes two dock-high doors for efficient loading and unloading. Ample parking is provided with a 1:189 parking ratio. Elevators are available for convenient access between floors. This property is perfectly suited for businesses requiring a blend of office and warehouse space, offering flexibility and scalability to meet diverse operational needs. Its strategic location in Sioux Falls, South Dakota, 57104, provides excellent access to transportation routes and a thriving business community. This is a rare opportunity to secure a substantial and well-equipped industrial/flex space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $19,247,734

  6.5%

  $17,767,140

  7%

  $16,498,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,360,911

  Geo Method

  $6,360,911

• Alternative Use

  Use

  Valuation

  Residential

  $22,031,254

  Hospitality

  $20,180,510

  Educational

  $16,789,946

  Medical

  $17,367,378

  Retail

  $26,117,696

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.6011

Longitude

-96.7189

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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