Listed by NAI Sioux Falls
$1,950,000
3817 S. Elmwood Avenue
Details
Property Type Office
Sub Type Traditional Office, Office Building
Square Footage 14,780
Units 1
Cap Rate 6.69%
NOI $130,444
Tenancy Single
Brand/Tenant Helpline
Lease Term 5
Price per SqFt $132
Class C
Year Built 1990
Buildings 1
Acreage 1.130
Investment Type Value Add
Lease Commencement 08/31/2026
3817 S. Elmwood Avenue, Sioux Falls, SD 57105
Marketing description
Located just north of W. 49th Street between S. Kiwanis Avenue and S. Western Avenue, this property offers convenient access to I-29, major retail, healthcare, and office amenities throughout south-central Sioux Falls. Located within blocks of the W. 41st Street retail corridor, the property is surrounded by established businesses and amenities. Area neighbors include: NAI Sioux Falls, The Western Mall, Runnings, and Active Generations.
Investment highlights
- Single-Tenant Investment Property
- Helpline signed a new 5-year lease commencing September 11, 2026
- Potential upside due to below-market rent and low cost per square foot
- Ideal central location
- Backup generator
- New parking lot installed in 2018 with excess parking
- Year Built: 1990
- One of the owners is a licensed real estate broker in the state of SD
- Due to confidentiality of tenants business - tours conducted only with a signed Letter of Intent.
Listing Contacts
Listed by NAI Sioux Falls
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,444.14
$10,870.35/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
Map
Zoning
C-3 CommercialNeighborhood CommercialCommunity Commercial
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View all 40 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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