209 Nesmith AveSioux Falls, SD 57103

Property Details for 209 Nesmith Ave

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

0.13 AC

Property size (Sq ft)

3,760 SF

Property type

Retail space

APN

29746

APU

29746

Description

This exceptional flex property, located in Sioux Falls, South Dakota, presents a unique investment opportunity. Situated on a sizable 11,676 square foot lot at 209 & 211 N Nesmith Ave, this 7,720 square foot building offers a versatile blend of office and warehouse space, ideal for a variety of businesses. The property boasts a well-appointed office area featuring three private offices, a dedicated conference room, a convenient break area complete with a kitchenette, and restrooms. The warehouse component is equally impressive, providing three grade-level overhead doors for easy loading and unloading. This prime location within the burgeoning East Bank sector of downtown Sioux Falls offers unparalleled accessibility. Businesses will benefit from its proximity to major thoroughfares including Cliff Avenue, Minnesota Avenue, and East 10th Street, ensuring seamless connectivity throughout the city. The asking price for this exceptional property is $1,100,000. This is a rare opportunity to acquire a well-maintained, strategically located flex space in a thriving South Dakota market. Don't miss out on this chance to establish your business in a dynamic and rapidly developing area. The property is zoned for Industrial, Office, and Retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $687,858

  6.5%

  $634,946

  7%

  $589,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,587

  Geo Method

  $199,587

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,264,230

  Mixed-Use / Specialty

  $622,164

  Hospitality / Lodging

  $442,769

  Office

  $607,513

  Institutional / Educational

  $643,041

  Residential Income

  $752,358

  Multifamily

  $960,647

  Automotive / Energy

  $551,178

  Parking / Income-Based Land

  $200,596

  Restaurant / Food Service

  $301,146

  Healthcare / Senior Housing

  $648,804

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.549

Longitude

-96.7189

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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