27102 Independence AveSioux Falls, SD 57108

  • Commercial real estate
  • 2.97 AC
For Sale
$5,500,000 View listing

Property Details for 27102 Independence Ave

Lot size
2.97 AC
Zone code
C COMMERCIAL
Property type
Commercial real estate
APN
100.50.30.A011
APU
1005030A011

Description

This exceptional 52,644-square-foot industrial property, situated on a 3-acre lot, offers a unique blend of manufacturing, flex, and warehouse space. Ideally located along Highway 106 (future Veterans Parkway), this single-tenant building provides unparalleled accessibility to I-29. The property boasts a central showroom/office area meticulously designed for optimal functionality. This area includes nine private offices, two conference rooms, a breakroom, an open workspace, and two sets of restrooms—one equipped with a shower. The warehouse component is equally impressive, featuring two 14-foot overhead doors, one 12-foot overhead door, and two dock-high doors (one with an interior ramp). The warehouse also benefits from 16-foot sidewalls. Ample parking is available, with 42 car spaces and six trailer parking spaces. This property presents a rare opportunity to acquire a well-maintained, strategically located industrial building with a versatile layout, perfect for a variety of businesses. The combination of showroom, office, and warehouse space, coupled with its convenient location and extensive parking, makes this an exceptional investment opportunity. The property's highway frontage and proximity to I-29 ensure excellent visibility and convenient transportation links.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,894,502
    Hospitality
    $20,971,240
    Educational
    $17,447,826
    Medical
    $18,047,884
    Retail
    $27,141,062

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.4602
Longitude
-96.7945
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
$32,147
$326,700
$1,486,780
$1,813,480
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