1733 Sherman AveSioux Falls, SD 57105

Property Details for 1733 Sherman Ave

Year built

1956

Construction

TYPE NOT SPECIFIED

Lot size

0.59 AC

Property size (Sq ft)

3,808 SF

Property type

Day care centers & nurseries

APN

47627

APU

47627

Description

This exceptional 4,572 square foot office building, located at 1733 S Sherman Ave in Sioux Falls, South Dakota, presents a unique investment opportunity. Zoned O-Office, the property offers versatile space ideal for a variety of uses, including creative office, traditional office, and daycare facilities. The building features two large open areas, perfect for collaborative workspaces or daycare activities, along with a kitchen, a private office, and restrooms. A significant advantage is the large, fenced-in outdoor area, providing ample space for recreation or additional functionality. Parking is readily available with 17 on-site spaces, offering a ratio of one space per 269 square feet, supplemented by convenient street parking. The property boasts a highly visible location near the intersection of 26th Street and Cliff Avenue, benefiting from a daily traffic count of 11,000 vehicles on 26th Street. Its strategic location provides easy access to Cliff Avenue and Interstate 229, ensuring excellent connectivity. The asking price is $595,000, translating to $130.14 per square foot. The lot size is substantial at 25,608 square feet, offering potential for future expansion or development. This property in Minnehaha County, zip code 57105, represents a compelling opportunity for investors seeking a versatile and well-located commercial asset.

• CAP approach

  CAP return

  Valuation

  6%

  $574,891

  6.5%

  $530,668

  7%

  $492,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $223,514

  Geo Method

  $223,514

• Alternative Use

  Use

  Valuation

  Residential

  $673,175

  Hospitality

  $616,625

  Educational

  $513,025

  Medical

  $530,668

  Retail

  $798,039

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5298

Longitude

-96.7104

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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