523 Kiwanis AveSioux Falls, SD 57104

  • Warehouses
  • 13,010 SF
For Lease
$12/SF/YR View listing

Property Details for 523 Kiwanis Ave

Year built
1983
Construction
STEEL FRAME
Lot size
2.14 AC
Property size (Sq ft)
13,010 SF
Zone code
FP;FP
Property type
Warehouses
APN
59255
APU
59255

Description

This 4,269 square foot warehouse, located at 523 N. Kiwanis Avenue in Sioux Falls, South Dakota, presents a significant opportunity. The property, classified as Class C, was built in 1983 and sits on a two-acre lot. The building is currently entirely vacant, offering immediate occupancy for a new tenant. The property's subtype includes warehouse, distribution, and former grocery store, suggesting versatile usage potential. The building features one drive-in door and benefits from three-phase power, essential for many industrial operations. Its location on Kiwanis Avenue, just south of 3rd Street, provides convenient access to 12th Street and places it near several established businesses, including Kitchens & Windows Unlimited, JD's House of Trophies, Elite Truck, and Ace Signs. The property is zoned for retail and industrial uses, offering flexibility for a variety of businesses. The total building area is 4,269 square feet, spread across a multi-tenant building. The zip code is 57104, and the property is situated in Minnehaha County. This property is an excellent choice for businesses seeking a well-located, spacious warehouse in a thriving area of Sioux Falls.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,299,937
    Hospitality
    $2,106,730
    Educational
    $1,752,775
    Medical
    $1,813,055
    Retail
    $2,726,538

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5541
Longitude
-96.7622
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
2022
$21,621
$243,000
$838,800
$1,081,800
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-
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