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707-715 S Minnesota Ave

707 S Minnesota Ave, Sioux Falls, SD 57104
Available Now
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FOR SALERetail / Strip Centers
Cap Rate
6.5%
NOI
$121,882
Building Size
7,126SF
Lot Size
0.45Ac
Year Built
1990
Zoning
C-2
Listing Contacts
Senior Vice President
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More property details

Occupancy
100%
Tenancy
Multi Tenant
Currently Leased
No
Property Class
C
No of Buildings
1
No of Stories
1

Location

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707-715 S Minnesota Ave
About the location

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.

Documents

FILE
707 S Minnesota Ave Brochure.pdf
8.78 MB · Offering brochure
707-715 S Minnesota Ave
7,126 SF · retail · United States · SD
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