1321 N Cleveland Avenue

1321 N Cleveland Avenue Sioux Falls, SD

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Sale Price: Price Reduced: $775,000

Building Size: 14,976 sq. ft.

Total Available Space: 14,976 sq. ft.

Suite Size: 14,976 sq. ft.

Property Type: Industrial

Year Built: 1991

Property Description

Property Features

  • Building size: 14,976 sq. ft. (72’ x 208’)
  • Reaves Building
  • Insulated with gas heat
  • Year built: 1991
  • Lot size: 1.35 acres (58,600 sq. ft.)
  • Zoning: I-1
  • Ceiling height: 14’
  • Dock doors: 1
  • Overhead doors: 1
  • Paved on-site parking, 43 spots
  • New 15 year billboard lease providing approximately $2,700 annual income
  • Building available vacant or investment with terms to be negotiated
  • Owner is looking to expand and may entertain short term lease-back

Pricing

  • Price reduced: $775,000 ($51.75/ sq. ft.)
  • Real Estate Taxes: $6,703 ($.45 PSF)
  • Insurance: $1,749 ($.11 PSF)
  • Utilities: $5,320 ($.36 PSF)
  • CAM direct by owner
  • Total Cost: $13,772 ($.92 PSF)

Location
Located on North Cleveland Avenue, just south of Rice Street
Area neighbors include: Sioux Merchant Patrol, Grand Prairie Foods, Edgewell Ag Products

Brokers

Gregg Brown, MBA, SIOR

Senior Vice President/Managing Director

Office Phone: (605) 444 -7103

Gregg joined NAI Sioux Falls in February, 2016 as Senior Vice President/Managing Director.  Gregg has 23 years of experience in commercial real estate brokerage and is well established in corporate and landlord advisory services and tenant representation.

View Gregg's Profile