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Investment Highlights

  • Large, beautifully-finished office building
  • Convenient access to SD Highway 50, SD Highway 19, and Interstate 29

Executive Summary

Exceptional 28,948 SF Class A office building in Vermillion, SD offered at $3,250,000 ($112 per SF) on 3.70 acres with ample surface parking. This beautifully furnished property presents dual opportunity as owner-occupant headquarters or value-add investment.
Current tenant Grifols Biomat USA occupies 13,860 SF under lease providing immediate income, while 15,088 SF of vacant, turnkey space is available for owner-occupancy or additional leasing upside.
Vacant suite features impressive amenities including reception area, four conference rooms, training room accommodating 36 people, seven private offices, and expansive open area configured for workstations and cubicles. Additional spaces include multiple meeting rooms, full-service kitchen, break room with outdoor patio, utility room, and sitting area creating a complete corporate environment.
Located along Princeton Street in Vermillion, home to University of South Dakota and recognized as Best Small Town Art Scene by USA Today. The property benefits from convenient access to SD Highway 50, SD Highway 19, and Interstate 29, positioning tenants within easy reach of Sioux Falls, Sioux City, and regional markets.
Ideal for corporate users seeking turnkey headquarters, medical groups, professional services firms, or investors targeting stable income with expansion potential. Contact listing brokers for tenant lease details and property tour.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
32,339 SF
Building Class
A
Year Built
2014
Price
$4,443,075 CAD
Price Per SF
$137.39 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
32,339 SF
Building FAR
0.20
Lot Size
3.70 AC
Opportunity Zone
Yes

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Grifols Biomat USA
  • Professional, Scientific, and Technical Services
  • 13,860 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Grifols Biomat USA Professional, Scientific, and Technical Services 13,860 SF - -
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
15295-00700-030-00
Land Assessment
$0 CAD
Improvements Assessment
$72,890 CAD
Total Assessment
$6,846,356 CAD
  • Listing ID: 40262832

  • Date on Market: 2026-04-23

  • Last Updated:

  • Address: 1012 Princeton St, Vermillion, SD 57069

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