Listed by NAI Sioux Falls
$1,818,200
707-715 S Minnesota Ave
Details
Property Type Retail
Sub Type Commercial, Strip Mall
Square Footage 7,126
Units 5
Cap Rate 6.50%
NOI $121,882
Occupancy 100%
Price per SqFt $255
Class C
Year Built 1990
Acreage 0.450
Zoning C-2
Retail | 6.50% CAP | 7,126 SqFt
Marketing description
Located on Minnesota Avenue just minutes from Downtown Sioux Falls Minnesota Avenue Traffic Counts: 32,600 vpd Area neighbors include Papa Johns, Giliberto’s, Showplace Cabinetry Design Center, Taco Bell, Subway, Azteca Mexican Restaurant
Investment highlights
- Property is fully leased but Unit 715 is not occupied which creates an excellent opportunity for an owner occupant. The current tenant for Unit 715 is interested in completing a lease buyout and those funds could be used for remodeling or as equity for obtaining financing.
- Lot Size: .45 Acres (19,800/SF)
- Upgrades include updated flooring, ceiling tiles, and lighting
- Year Built: 1990
- Zoning: C-2
- RE Taxes: $12,506.64 (2024)
- Contact broker for rent roll
Listing Contacts
Listed by NAI Sioux Falls
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,882.00
$10,156.83/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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