116 69Th StSioux Falls, SD 57108

For Sale
$4,950,000

17,204 SF Medical/Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional two-story, 17,204 square foot office building in Sioux Falls, South Dakota, presents a compelling investment opportunity. Built in 2000, the property boasts a desirable location at 116 W 69th St, near the intersection of 69th Street and Minnesota Avenue, enjoying high visibility with over 19,000 vehicles passing daily. The upper level features newly remodeled space occupied by Infrastructure Design Group under a long-term lease. The lower level, currently vacant, is finished as medical space, ideal for an owner-occupant. The property sits on a 1.76-acre lot and offers ample parking with a 1:165 ratio. Building and monument signage are included. The property is zoned O-Office and benefits from proximity to numerous businesses, including PREMIER Bank, Looks, Anytime Fitness, Sanford Clinic, Urology Specialists, HPS Law Firm, and gpac. The asking price of $4,950,000 represents a 6.36% cap rate. This multi-tenant property offers a blend of established income and potential for future growth, making it an attractive investment in a thriving South Dakota market.

Property Details for 116 69Th St

Property type
Other office properties, Medical offices
Square Feet
17,204 SF
Year Built
2000
Buildings
1
Stories
2
Lot Size (sq. ft)
76,666 SF

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.490112
Longitude
-96.7252493
116 69Th St, Sioux Falls, South Dakota

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116 69Th St
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