116 69Th StSioux Falls, SD 57108

  • Commercial real estate
  • 1.76 AC
For Sale
$4,950,000 View listing

Property Details for 116 69Th St

Lot size
1.76 AC
Zone code
MUNICIPALITY
Property type
Commercial real estate
APN
280.23.15.002
APU
2802315002

Description

This exceptional 17,204 square foot office building, constructed in 2000, presents a fantastic opportunity in southern Sioux Falls. The property boasts two suites, with one immediately available, offering 8,602 square feet of versatile space. Ideal for a variety of professional uses, the available suite includes a reception area, multiple exam rooms, private offices, a conference room, break room, and restrooms. The building sits on a 1.76-acre lot, providing ample parking with 103 spaces (a ratio of approximately 1:165). The location at the corner of 69th Street and Minnesota Avenue ensures high visibility, with over 19,000 vehicles passing daily. The property is zoned O-Office and is located in Lincoln County. Tenant improvements are negotiable. The building is situated amongst a thriving commercial area, with neighbors including PREMIER Bank, Looks, Anytime Fitness, Sanford Clinic, Urology Specialists, HPS Law Firm, and gpac. The minimum divisible space is 8,560 square feet. This property offers a unique blend of convenience, visibility, and functionality, making it an ideal investment or location for a growing business. No elevators are present in the building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,537,517
    Hospitality
    $12,400,292
    Educational
    $10,316,898
    Medical
    $10,671,712
    Retail
    $16,048,508

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.4901
Longitude
-96.725
CBSA code
43620
CBSA name
SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,281
$536,564
$2,118,200
$2,654,764
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