Minnesota Avenue Office

427 N. Minnesota Avenue Sioux Falls, SD

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Lease Rate: $10.00 - $14.00/ sq. ft. gross plus utilities

Sale Price: $675,000

Building Size: 4,978 sq. ft.

Total Available Space: 4,978 sq. ft.

Suite Size: 4,978 sq. ft.

Property Type: Office

Year Built: 1987

Property Description

Property Features

  • Building size: 4,978 sq. ft.
  • Suite A: 1,737 sq. ft.
  • Suite B: 1,168 sq. ft.
  • Suite C: 2,073 sq. ft. - Leased
  • Year built: 1987
  • Monument signage
  • 17 paved, on-site parking spots
  • Owner is a licensed Real Estate Agent in South Dakota
  • Co-listed with Ron Nelson - Nelson Commercial Real Estate
  • Sale-leaseback opportunity for portion of building

Pricing

  • List price: $675,000 ($135.59/ sq. ft.)
  • Lease rate Suite A: $14.00/ sq. ft. gross plus utilities
  • Lease rate Suite B: $10.00/ sq. ft. gross plus utilities
  • 2019 Real Estate Taxes: $8,971.52

Location

  • Located on North Minnesota Avenue with easy access to central business district
  • Area neighbors include: Sioux Falls Police Department, Minnehaha County Courthouse Campus, Kum & Go, Good Samaritan Society

Brokers

Michael Martin, CCIM

Senior Vice President

Office Phone: (605) 444-7105

Michael joined the NAI Sioux Falls team in 2011 as our Commercial Property Manager.  In 2015 Michael transitioned to an Associate with NAI Sioux Falls.

View Michael's Profile