Renovated Minnesota Avenue Space Available for Medical Offices
A popular Minnesota Avenue commercial development has new ownership and availability for new tenants to take advantage of recently renovated space.
The IMA building at 6709 S. Minnesota Ave. is ready to build on its strong track record as a home for medical offices.
“This building has so much potential thanks to its location and large presence on South Minnesota Avenue,” said listing broker Alex Soundy of Bender Commercial Real Estate Services.
“We brought the opportunity to a client who is a local investor, and he saw the potential as well in acquiring more than 2.2 acres of frontage and access along Minnesota Avenue.”
The building was structured as medical condominiums, with a dozen different owners.
“So there was a lot of coordination that needed to take place, but in the end, our buyer was able to acquire a majority interest in the condo association,” Soundy said.
“As an added benefit, this now allows one owner to make decisions about improvements and uses for the building, ensuring an efficient, proactive approach to refreshing the space. Additionally, Bender Midwest Properties has been hired to professionally manage the building and further enhance the operations.”
Many previous condo owners have leased their spaces back, he said.
“They’ve chosen to stay as tenants because they love the building and location,” Soundy said.
“The new owner already has started to complete exterior renovations on the property, including painting, parking lot improvements and digital monument signage.”
Current tenants include:
- Avera Medical Group
- Sioux Falls Sleep Center
- Hypnos Medical Equipment
- Divinity Wellness Center
- CareTrends Pharmacy
“We’re also finalizing a lease for an additional medical user that would occupy 4,850 square feet on the main level,” Soundy said. “The ease of access for people from anywhere in the metro area is a significant advantage to this building, in addition to the co-tenancy of many additional medical services.”
Other available space includes Suite 201, offering 2,641 square feet and featuring six exams rooms/private offices as well as reception space and restrooms.
For a larger tenant, Suite 204 offers 4,487 square feet, including reception space, eight private offices, four exam rooms, a break room and in-suite restrooms.
“Both of these suites would be perfect for private medical practices as they’re already designed for it,” Soundy said. “We also could see this being a good fit for a law firm, accounting firm, counseling service or other workplace that requires a number of private offices.”
“Additionally, tenants in this building enjoy beautifully finished common areas, with access to shared restrooms and a conference room, along with ample parking that serves the whole building.”
To learn more about availability in the IMA building, contact Alex Soundy at 605-376-3700 or alex@benderco.com.
