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    Sioux Falls, SD
    Conventional Restaurant

    Sioux Falls, SD Conventional Restaurants for Sale

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    Tea, SD Harrisburg, SD Renner, SD Hartford, SD Brandon, SD Rowena, SD Worthing, SD Lennox, SD
    Live/Work Zoned Office Building
    Updated: Jun 18
    Live/Work Zoned Office Building

    5101 S Nevada Ave, Sioux Falls, SD 57108

    $5,547,000
    21,788 sqft 1.73 AC lot
    21,788 RSF office building on 1.73 acres
    Located off 57th Street and Louise Avenue near Interstate 229
    LW – Live/Work zoning
    Tenant mix includes Panera Bread, Qdoba, Jimmy John’s, Jersey Mike’s, Verizon, Casey’s, Papa Murphy’s, and more
    Owner‑occupant strategy noted in the listing remarks
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    This listing looks promising.

    Here's a quick look at some key insights for

    5101 S Nevada Ave, Sioux Falls, SD 57108

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $292K
      Annual

    • Price @ 7% Cap

      $4.17M
      Suggested
    View Property Analytics
    Turnkey Full-Service Restaurant
    Updated: Mar 2
    Turnkey Full-Service Restaurant

    901 W Russell St, Sioux Falls, SD 57104

    $2,495,000
    4,996 sqft
    Fully renovated in 2024 with all‑new lighting (interior & exterior) and updated FF&E included in the sale price
    Single‑story restaurant with fully equipped kitchen and bar, plus a Class 1 hood system with ansul
    Two new rooftop HVAC systems and a newly installed sprinkler system throughout
    New audio/visual system and new booths, tables, and chairs
    Liquor license included in the sale price and prominent building signage
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    Restaurant Suites with Kitchen Equipment
    Restaurant Suites with Kitchen Equipment

    115-421 N Phillips Ave, Sioux Falls, SD 57104

    Contact for pricing

    Restaurant suites 112 and 115 include kitchen equipment and a hood inside Jones421.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Sioux Falls, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Bar and Restaurant
    Turnkey Bar and Restaurant

    134 N. Lidice, Tabor, SD 57063

    $220,000
    1,944 sqft

    Turnkey bar and restaurant with equipped interior kitchen, covered seating, and a fenced beer garden for on-site service.

    View details
    Dam Fish Shack Restaurant Property
    Dam Fish Shack Restaurant Property

    53301 Hwy 121, Crofton, NE 68730

    $750,000
    0.90 AC lot

    Restaurant property with indoor dining, furnished outdoor seating, and on-site food preparation options along a high-visibility highway corridor.

    View details
    Highway Commercial Property with Residence
    Highway Commercial Property with Residence

    53301 Hwy 121, Crofton, NE 68730

    $750,000

    Commercial property with residence near Gavins Point Dam and Missouri River.

    View details
    Turnkey Bar and Restaurant
    Turnkey Bar and Restaurant

    134 N Lidice St., Tabor, SD 57063

    $220,000
    0.68 AC lot

    Turnkey bar and restaurant with equipped interior, dining and kitchen space, and covered outdoor seating with a fenced beer garden.

    View details

    Sioux Falls, SD Conventional Restaurants Market Trends and Statistics

    Explore 3 conventional restaurants for sale in Sioux Falls, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 26,784 square feet of properties for sale, with an estimated market value of $8,042,000.

    Sale prices for conventional restaurants in Sioux Falls, SD start at $2,495,000, averaging $4,021,000, and reaching up to $5,547,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Drive through restaurants 6
    Commercial kitchens 2
    Bars & Pubs 1

    Demographics Overview

    Population 204K
    Population Growth (5Y) +15.2%
    Median Household Income $77,935
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Sioux Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57108 $5.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.71%
    Property Tax per SF $30.71 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Minnehaha County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Sioux Falls fall within the 100,000+ square foot range.

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