400 Sycamore AveSioux Falls, SD 57110

Property Details for 400 Sycamore Ave

Year built

1966

Construction

FRAME

Lot size

8.91 AC

Property size (Sq ft)

130,206 SF

Property type

Office properties

Property subtype

Office buildings

APN

27847

APU

27847

Description

This 32,398-square-foot office building in Sioux Falls, South Dakota, offers flexible space ideal for various uses. Located at 400 S Sycamore Ave, 57110, at the corner of East 10th Street and Sycamore Avenue, this single-tenant property is immediately available. The building previously served as a bank operations center, featuring a wide-open layout adaptable to diverse needs. Multiple suite options are available, including Suite 100 (4,987 sq ft), Suite 101 (20,460 sq ft), Suite 102 (5,665 sq ft), and Suite 103-1 (4,100 sq ft). The property is offered at a rate of $9 per square foot (NNN), with an estimated NNN expense of $1.91 per square foot. The building's location in Minnehaha County provides excellent access and visibility. This versatile space presents a unique opportunity for businesses seeking a prominent location in Sioux Falls. The building's size allows for subdivision to accommodate various tenant requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $20,109,258

  6.5%

  $18,562,392

  7%

  $17,236,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,645,714

  Geo Method

  $6,645,714

• Alternative Use

  Use

  Valuation

  Residential

  $23,017,366

  Hospitality

  $21,083,784

  Educational

  $17,541,460

  Medical

  $18,144,738

  Retail

  $27,286,716

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5449

Longitude

-96.6702

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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