1401 S Covell Ave

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1401 S Covell Ave

Sioux Falls, SD 57105
Asking Price
$4.00M
Asset Type
Retail
Class
Class B

What's Special

1401 S Covell Avenue is located in central Sioux Falls, situated within a established residential and commercial neighborhood. The property is positioned near the intersection of 22nd Street and Covell Avenue, providing proximity to the Augustana University campus and the Sanford USD Medical Center district. Nearby amenities include various local eateries, professional services, and community parks. The location offers straightforward transportation access via Minnesota Avenue, a major north-south thoroughfare situated just a few blocks to the east. The property is well-suited for neighborhood-scale retail operations, boutique shops, or service-oriented businesses. Ideal tenants include specialty retailers, cafes, or small-format convenience stores that serve the surrounding student population and healthcare workforce. The building’s layout and central positioning make it a practical option for businesses seeking a local presence within a densely populated urban core.

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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81

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