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29246752
29246751

4800 North 4th Avenue, Sioux Falls, SD 57104

GB
SD 16070
NAI Sioux Falls
TF
IA B44059000, MN 20434083 (+3)
NAI Sioux Falls
Listed by NAI Sioux Falls
$2,250,379
509 days on market
Updated 1 day ago

Former CitiBank Daycare Building

Details
Property Type Retail, Office
Sub Type Day Care/Nursery, Medical Office
Square Footage 49,424
Tenancy Multi
Lease Type NNN
Lease Expiration 01/01/2027
Price per SqFt $46
Class B
Year Built 1983
Buildings 4
Stories 1
Acreage 6.550
Zoning I-1
Parking Spaces 280 spaces
Parking Per SqFt 5.67
Ground Lease No

Vacant former daycare property

Marketing description

NAI Sioux Falls is pleased to offer for sale the 100% fee Simple interest in the Former Sioux Falls Citibank Campus, a 68.94 acre industrial development opportunity located in Sioux Falls, SD. The site is zoned I-1, light industrial, allowing warehousing and industrial uses, including new construction or redevelopment of the existing buildings.

The site consists of three (3) existing interconnected office buildings of institutional building quality, providing at total of 369,424 square feet on two levels. The raised floor former call center space could be converted into conditioned self-storage, data centers, or light manufacturing. The former daycare building is 49,424 square feet and could be converted to a medical use. The excess land, 19.66 acres zoned light industrial, can yield four (4) separate buildings.

Strategically located, the Former Sioux Falls Citibank Campus is located directly south of I-90 off the N. Cliff Avenue exit. The property is in a mature industrial park that offers access to both I-90 (east-west) and I-29 (north-south) travel corridors and the airport. South Dakota ranks #1 for corporate tax, #1 for individual income tax, and #2 overall for 2024 state business tax index, making it attractive for companies to grow.

This property is being sold as separate buildings and land parcels or as a whole. Total campus price is $23,926,854 ($57.13/SF).

Offers will be entertained as they are received.

Investment highlights

  • Current layout: Daycare
  • Proposed uses: Daycare/Medical/Office
  • Age: 41 Years
  • Land to Building Ratio: 1:5
  • Vacancy: 100%
  • Vacant SF: 49,424 SF
  • Parking Spaces: 104
  • HVAC: Condenser Water System/ Heat Pumps
  • Roof: Tar & Gravel
  • Exterior Finish: Tilt Up Concrete/Slab on Grade
  • Dock Doors: 1
  • Sprinkler System: Wet

Listing Contacts

GB
SD 16070
NAI Sioux Falls
TF
IA B44059000, MN 20434083 (+3)
NAI Sioux Falls
Listed by NAI Sioux Falls

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