427 Minnesota AveSioux Falls, SD 57104

Property Details for 427 Minnesota Ave

Year built

1987

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

4,978 SF

Property type

Office buildings

APN

52486

APU

52486

Description

This exceptional 2,073-square-foot office suite, located at 427 N Minnesota Ave Suite A in Sioux Falls, South Dakota, 57104, is situated in the desirable Northstar Plaza. The single-tenant space is part of a 5,000-square-foot building, completely renovated in 2024. The suite boasts a highly functional layout, perfect for small to medium-sized businesses. Features include three private offices, a dedicated break room, and a convenient conference room, providing ample space for both individual work and collaborative efforts. The building offers twelve convenient parking spaces for tenants and their clients. This prime location enjoys excellent visibility, directly across from the Minnehaha County building, and benefits from prominent placement on a large monument sign, ensuring high traffic exposure. The property is located at the intersection of Minnesota Avenue and 5th Street in Minnehaha County. This is a single-story building offering a highly sought-after traditional office space. Don't miss this opportunity to secure a premier office location in a thriving area of Sioux Falls.

• CAP approach

  CAP return

  Valuation

  6%

  $768,828

  6.5%

  $709,687

  7%

  $658,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,077

  Geo Method

  $254,077

• Alternative Use

  Use

  Valuation

  Residential

  $880,012

  Hospitality

  $806,087

  Educational

  $670,655

  Medical

  $693,720

  Retail

  $1,043,241

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5523

Longitude

-96.7318

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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