3516 Hovland DrSioux Falls, SD 57107

Property Details for 3516 Hovland Dr

Year built

1977

Construction

STEEL FRAME

Lot size

1.17 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Auto shops

APN

56186

APU

56186

Description

This exceptional 8,000 square foot industrial manufacturing building, situated on a 2.05-acre lot in Sioux Falls, South Dakota, presents a compelling investment opportunity. Constructed in 1977, the property boasts a spacious layout ideal for various manufacturing operations. The building features 1,500 square feet of main level office space and an additional 1,050 square feet of office space on the upper level, providing ample room for administrative functions. Convenient mezzanine storage adds another 450 square feet of usable space. Four 12' x 14' roll-up doors ensure efficient loading and unloading, while an 80-foot-long drive-through enhances operational flexibility. The building's impressive 14'6" side wall height and 14'6" ceiling height accommodate a variety of equipment and processes. Further enhancing its functionality are three-phase electric service, floor drains, and an overhead crane. A substantial gravel storage lot complements the building, offering ample space for materials and equipment. The property is located at 3516 Hovland Dr, Sioux Falls, SD 57107, within Minnehaha County. This well-equipped and strategically located facility is ready for immediate occupancy and presents a rare opportunity for businesses seeking a versatile and efficient industrial space. The asking price is $1,120,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,816,302

  6.5%

  $1,676,586

  7%

  $1,556,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,966

  Geo Method

  $1,028,966

• Alternative Use

  Use

  Valuation

  Residential

  $1,414,263

  Hospitality

  $1,295,458

  Educational

  $1,077,805

  Medical

  $1,114,873

  Retail

  $1,676,586

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5669

Longitude

-96.7755

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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