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23938068
23938069

2324 Research Parkway, Brookings, SD 57006

AM
SD 16000, SD
Lloyd Companies
Lloyd Companies
Listed by Lloyd Companies
$4,250,000
353 days on market
Updated 63 days ago

Innovation Spec Building

Details
Property Type Office, Special Purpose
Sub Type Research
Square Footage 30,000
Tenancy Vacant
Rent Bumps Yes
Price per SqFt $142
Class A
Year Built 2012
Acreage 2.100
Zoning Agriculture
Investment Type Owner/User
Ground Lease Yes

Office | 30,000 SF

Marketing description

Located within the 125-acre Research Park at South Dakota State University, this property offers unmatched access to academic resources, industry leaders, and a thriving business community. With direct connectivity to I-29 via two nearby interchanges, the site provides excellent regional access and high visibility. Just minutes from major employers like Walmart and Lowe’s, it’s ideally positioned for research-focused businesses looking to grow in Brookings.

Investment highlights

  • 30,000 SF two-story building

    • First level floor plan is built out with a modern design including 10 private offices, 3 training rooms, 2 conference rooms, open workspace for around 140 employees, kitchen/employee lounge, break area with a fireplace, mother's/wellness room, restrooms

    • Second level is first generation shell space

  • Ground Lease

  • Landlord Entity: South Dakota State University Growth Partnership Ltd., a 501© (3) non-profit corporation

  • Term: 95 Years – Ending on September 5, 2106 with an Option to Renew for an additional 95-year term

  • 2.1-acre site with 114 parking stalls (including 5 ADA)

  • Zoning: Agriculture (Research use required)

  • Positioned for collaboration with SDSU and industry leaders

  • RE Taxes: $31,046.34 (2024 Taxes payable in 2025), based on building only

  • Built in 2012

  • Contact Broker regarding Covenants, Conditions and Restrictions

Listing Contacts

AM
SD 16000, SD
Lloyd Companies
Lloyd Companies
Listed by Lloyd Companies

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