700 Sycamore AveSioux Falls, SD 57110

Property Details for 700 Sycamore Ave

Year built

1996

Construction

FRAME

Lot size

2.01 AC

Property size (Sq ft)

12,407 SF

Zone code

NO;SPECIAL NOTE

Property type

Day care centers & nurseries

APN

63940

APU

63940

Description

This exceptional 12,407 square foot commercial property, situated on a 2.01-acre lot in Sioux Falls, South Dakota, presents a unique investment opportunity. Built in 1996, the single-story building is zoned O-Office and features a versatile layout suitable for a variety of uses, including office space, daycare, or a church/non-profit organization. The property boasts a spacious open area, multiple classrooms, a kitchen, restrooms, two private offices, and a three-car garage. A large fenced playground adds significant value, complementing the licensed enrollment capacity of 200 children. The convenient location at 700 N Sycamore Ave, near Washington High School, ensures high visibility and accessibility. The parking ratio is generous, providing one space for every 295 square feet. The asking price is $2,000,000, translating to $161.20 per square foot. Fixtures, furniture, and equipment (FF&E) are negotiable. While currently configured for daycare use, the adaptable floor plan allows for diverse occupancy. This property offers a compelling blend of functionality, location, and potential, making it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,873,046

  6.5%

  $1,728,965

  7%

  $1,605,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $728,241

  Geo Method

  $728,241

• Alternative Use

  Use

  Valuation

  Residential

  $2,193,266

  Hospitality

  $2,009,020

  Educational

  $1,671,481

  Medical

  $1,728,965

  Retail

  $2,600,081

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5554

Longitude

-96.6707

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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