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31641434
31641435

1605 W Burnside St, Sioux Falls, SD 57104 For Sale

JD
SD 4531
Jim Dunham & Associates
LD
SD 12972
Jim Dunham & Associates
Listed by Jim Dunham & Associates
$2,600,000
175 days on market
Updated 31 days ago

Giving Hope Bingo Center

Details
APN 42207
Property Type Mixed Use, Retail (+1)
Sub Type Bar, Traditional Office (+1)
Square Footage 13,536
Pro-Forma Cap Rate 7.00%
Price per SqFt $192
Class B
Year Built 2001
Stories 1
Lot Size (SqFt) 113,619
Zoning Commercial
Sale Condition For sale by owner

Mixed Use | 13,536 SqFt

Marketing description

Incredible multi-purpose facility for sale located near the intersection of Western Avenue and Burnside Street – approximately 4 blocks from the Denny Sanford Center and Sioux Falls Convention Center.

Property is being sold as an investment opportunity with the current Tenant having over 5 years firm term remaining on their lease agreement. Contact listing Broker for additional information. The sale price represents a 7% capitalization rate.

  • 14,000 square feet of high-quality office, retail or institutional type space constructed in 2001.

  • Sale price represents a value of $186 PSF – far below replacement cost.

  • Land contains 2.61 acres and/or 113,620 sqaure feet.

The adjacant 1.4 acres and/or 60,984 square feet is also avaialble for sale. A cross-easement agreement for access will be filed in the event the subject property and adjacent property as not sold to the same party.

Listing Contacts

JD
SD 4531
Jim Dunham & Associates
LD
SD 12972
Jim Dunham & Associates
Listed by Jim Dunham & Associates

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