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Description

Positioned on Minnesota Avenue just minutes from Downtown Sioux Falls, this property benefits from strong exposure with approximately 32,600 vehicles per day. Surrounding businesses include Papa Johns, Giliberto’s, Showplace Cabinetry Design Center, Taco Bell, Subway, and Azteca Mexican Restaurant. The building is fully leased; however, Unit 715 is currently unoccupied, presenting a strong opportunity for an owner-occupant. The existing tenant of Unit 715 is open to negotiating a lease buyout, with proceeds potentially applied toward renovations or used as equity to secure financing. The property sits on a 0.45-acre (19,800 SF) lot, was built in 1990, and is zoned C-2. Recent upgrades include updated flooring, ceiling tiles, and lighting. Real estate taxes are $12,506.64 (2024), and the rent roll is available upon request through the broker.

Listing Details

  • Cap Rate

    6.5%

  • Tenancy

    Multi

  • Space Type

    retail

  • Sub Category

    strip-centers

  • Date Listed

    3/3/2026

  • Net Operating Income

    $121,882

Property Specifics

  • Property Name

    707-715 S Minnesota Ave

  • Property Class

    C

  • No of Buildings

    1

  • No of Stories

    1

  • Year Built

    1990

  • Building Size

    7,126 SF

  • Lot Size

    0.45 Ac

  • Zoning

    C-2

  • Occupancy

    100%