2425 Shirley AveSioux Falls, SD 57106

Property Details for 2425 Shirley Ave

Year built

2000

Construction

FRAME

Lot size

3.46 AC

Property size (Sq ft)

41,119 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

70734

APU

70734

Description

River Plaza Suite 101 presents a remarkable office opportunity in Sioux Falls, South Dakota. Located at 2425 S Shirley Ave, 57106, this property boasts a highly visible position across from Century Theaters within the vibrant Meadows on the River shopping and dining district. The space is currently configured as a single-tenant occupancy, offering a flexible footprint ranging from 2,000 to 10,500 square feet. This versatility allows for customization to suit a wide array of business needs, from traditional office setups to executive suites, coworking spaces, medical offices, or creative studios. The property's classification encompasses various uses including agency, IT building, and consulting spaces. The landlord is prepared to subdivide the space to accommodate specific tenant requirements, ensuring a tailored solution. This prime location offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving commercial area. The property is categorized as both Office and Retail, providing further flexibility in its potential uses.

• CAP approach

  CAP return

  Valuation

  6%

  $9,335,606

  6.5%

  $8,617,482

  7%

  $8,001,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,288,758

  Geo Method

  $5,288,758

• Alternative Use

  Use

  Valuation

  Residential

  $7,269,169

  Hospitality

  $6,658,520

  Educational

  $5,539,810

  Medical

  $5,730,332

  Retail

  $8,617,482

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5244

Longitude

-96.7775

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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