600 Cliff AveSioux Falls, SD 57104

Property Details for 600 Cliff Ave

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

0.42 AC

Property size (Sq ft)

3,538 SF

Property type

Grocery and convenience stores

APN

38433

APU

38433

Description

This exceptional 12,672-square-foot Class B office building is ideally situated at 600 S Cliff Ave in Sioux Falls, South Dakota, zip code 57104. Built in 1989, this single-story property offers a compelling investment opportunity at $1,900,000, translating to $149.94 per square foot. The building boasts a spacious open reception area, complemented by numerous private offices, providing flexibility for various business needs. A large, adaptable open room is perfect for multiple workstations. The property also includes two breakrooms, a sizable conference room, and several additional work areas, catering to a range of office configurations. Excellent visibility is ensured with north and east monument signage opportunities. This property is for sale by owner and presents a rare chance to own a well-located, established office building in the vibrant heart of Sioux Falls. The property is located in Minnehaha County and offers a prime location for businesses seeking high visibility and convenient access to the city's amenities. This is a fantastic opportunity to acquire a functional and well-maintained office space in a thriving South Dakota market.

• CAP approach

  CAP return

  Valuation

  6%

  $803,242

  6.5%

  $741,454

  7%

  $688,493

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,060

  Geo Method

  $455,060

• Alternative Use

  Use

  Valuation

  Residential

  $625,444

  Hospitality

  $572,903

  Educational

  $476,649

  Medical

  $493,042

  Retail

  $741,454

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5541

Longitude

-96.711

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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