41st Street Office Building

307 W. 41st Street & 412 W. 42nd Street, Sioux Falls, SD 57105
11,862.00 SF
$1,550,000
Office Space, Land for Sale
16 Photos
Raquel Blount, SIOR
Raquel Blount, SIOR
Office Space For Sale
Main Level
5,931 +/- SF
Lower Level
5,931 +/- SF
Gross Building Size
11,862 +/- SF
Vacant Lot Size
8,844 SF
Total Price
$1,550,000
Building
$1,421,762 ($119.86 / Gross Bldg. SF)
Vacant Lot
$128,238
Location Highlights
  • Located near the intersection of 41st Street and Minnesota Avenue just to the south of Ace Hardware. Less than one mile to the I-229 Interchange.
Description
  • Great for an owner occupant, office user, or investor
  • Building currently has a tenant occupying the premises until July 31, 2022. The tenant is currently planning to relocate at the end of their lease or some other time after the expiration date (if negotiated) to accommodate their growth plans. Contact Broker for additional information and Rent Roll.
  • Great opportunity to take advantage of today’s low interest rates and own a building with rental income while you plan your move or market your new investment property.
  • Built in 1977, addition ended around 1992/1993, several updates/repairs made in 2019, such as: exterior paint, new entry canopy, resurfaced parking lot, some interior upgrades, etc. New shingles around 2015/2016.
  • Main-Level Floor Plan: Grand lobby, reception work area, open work areas for cubicles, 12 private offices, one large conference room, restrooms
  • Lower-Level Floor Plan: Large training room, break room, private office, open work areas for cubicles, large storage room, restrooms, mechanical rooms
  • Office furnishings are negotiable
  • Parking: 48 spaces
  • Zoning:
    • 307 W. 41st Street Property: C-2 Commercial
    • 412 W. 42nd Street Vacant Lot: RD-1 Twin Home/Duplex Residential
  • Responsibilities:
    • 307 W. 41st Street Property: NNN Lease, Tenant is responsible for CAM, Taxes, and Insurance as detailed in lease
      • 2020 Real Estate Taxes Paid in 2021 = $20,548.08
    • 412 W. 42nd Street Vacant Lot: Tenant currently mows, but Owner is responsible for taxes.
      • 2020 Real Estate Taxes Paid in 2021 = $525.98
  • Contact Broker for additional information
Location
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