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Default Parsing the directional out of addresses using nested IF .

I have addresses that have intermittant directional
charactors i.e. N street or S street or NW street. I used
this combination of functions to conditionally parse the
information but my logic is flawed somewhere. Any help
would be appreciated. The fuctions I used were IF() Left()
Find()

=IF("S"=LEFT(E21,FIND("S ",E21,1)),"S",IF("N"=LEFT(E21,FIND
("N ",E21,1)),"N"," "))

Cell E21 has the following address N Avenue 235.
The result of the function is #VALUE!

The preceeding cell has S Avenue 67 and the return value
was S.

The first part of the formula seems to work but the nested
if statments do not.
 
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