Hillcrest Plaza

1015 - 1033 N. Minnesota Avenue Sioux Falls, SD

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Sale Price: $1,800,000

Building Size: 15,210 sq. ft.

Total Available Space: 15,210 sq. ft.

Suite Size: 15,210 sq. ft.

Property Type: Investment | Retail

Year Built: 1975

Property Description

Property Features

  • Fully-leased investment property
  • Long-term tenancy with stable rent roll
  • Gross Building Area: 15,210 Sq. Ft. (234’ x 65’)
  • Leased Area: 14,768 sq. ft.
  • Lot size: 1.12 Acres (48,664 sq. ft.)
  • Year built: 1975, addition 1977
  • Construction: concrete block with pre-cast concrete roof
  • Zoning: C-2
  • Parking: 60+ spaces (resealed 2020)
  • New roof: 2015
  • HVAC units replaced in last 8 years

Pricing

  • List Price: $1,800,000 ($121.88/ sq. ft.)
  • 2019 Real Estate Taxes: $21,303.64
  • Cap Rate: 6.53%

Location

  • Located on Minnesota Avenue, just south of Russell Street
  • Tenants: Talecris Plasma Center, Shop ’N Cart, Lucky Strike Casino, Lovely Nails
  • Area neighbors include: Skyway Liquor, Burger King, Subway, Falls Park, Downtown Sioux Falls
  • 2019 traffic count: 13,400 vpd

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.

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Marcus Mahlen, CCIM

Senior Vice President

Office Phone: (605) 444-7116

Since joining NAI Sioux Falls, in February, 2017 as a broker associate,  Marcus Mahlen has earned his CCIM designation and is a 2019 Graduate of Leadership South Dakota.

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