707 Minnesota AveSioux Falls, SD 57104

Property Details for 707 Minnesota Ave

Year built

1990

Construction

FRAME

Lot size

0.45 AC

Property size (Sq ft)

7,168 SF

Zone code

C2;GENERAL COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

38663

APU

38663

Description

This 1,408 square foot retail space, located at 707 S. Minnesota Avenue in Sioux Falls, South Dakota, presents a fantastic opportunity. The property, built in 1990, is classified as Class C and sits on a sizable 19,144 square foot lot. Zoned C-2, it offers flexible tenancy options, with a minimum divisible space of 205 square feet and a maximum contiguous space of 1,203 square feet. Currently, the entire 1,408 square feet is vacant, providing a blank canvas for a new tenant. The property's strategic location on Minnesota Avenue boasts high visibility and significant traffic, with daily counts reaching 32,600 vehicles. This prime location places the property just minutes from downtown Sioux Falls and in close proximity to established businesses such as Papa John's, Giliberto's, Showplace Cabinetry Design Center, Taco Bell, Subway, and Azteca Mexican Restaurant. This single-suite strip center offers an excellent chance to establish a thriving retail presence in a bustling area of Sioux Falls. The property is in Minnehaha County and has a 57104 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $1,311,330

  6.5%

  $1,210,460

  7%

  $1,124,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,489

  Geo Method

  $380,489

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,410,140

  Mixed-Use / Specialty

  $1,186,090

  Hospitality / Lodging

  $844,090

  Office

  $1,158,160

  Institutional / Educational

  $1,225,890

  Residential Income

  $1,434,290

  Multifamily

  $1,831,380

  Automotive / Energy

  $1,050,760

  Parking / Income-Based Land

  $382,417

  Restaurant / Food Service

  $574,099

  Healthcare / Senior Housing

  $1,236,880

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5392

Longitude

-96.7317

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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