Retail Strip Mall For
707-715 S Minnesota Avenue Sioux Falls, SD 57104
707-715 S Minnesota Avenue, Sioux Falls, SD, 57104
$1,818,200
For Sale
$1,818,200
7,126 SF fully leased retail strip mall for sale.
Property Size7,126 SF
Price / SF$255.15
Days on Market243
Property Features for 707-715 S Minnesota Avenue
General Information
- Standard status
- Active
- Size
- 7,126 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing agency
NAI | Sioux Falls
(605) 228-9744
Listed by
Marcus Mahlen, CCIM, SIOR · License #SD - 18471
(605) 228-9744
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:40AM Checked: Jul 21 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls
Investment Insights
Based on property information with market context.
This is a 7,126 square foot retail strip mall constructed in 1990. The property is situated on a 0.45-acre lot, which is equivalent to 19,800 square feet. Upgrades to the property include updated flooring, ceiling tiles, and lighting. The zoning is C-2. The real estate taxes were $12,506.64 in 2024. The property is fully leased.
Key Highlights
- Fully Leased Retail Strip Mall
- 7,126 SF Building Size
- Lot Size: .45 Acres (19,800 SF)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.3k | $18.00 |
| − Vacancy | −$10.3k | −$1.44 |
| EGI | $118.0k | $16.56 |
| − OpEx | −$35.4k | −$4.97 |
| NOI | $82.6k | $11.59 |
7,126 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,605 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,451 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 7,126 SF fully leased retail strip mall for sale.
Where is this strip mall located?
The property is located at 707-715 S Minnesota Avenue Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,818,200.
What are key features of this property?
This property features: Fully Leased Retail Strip Mall; 7,126 SF Building Size; Lot Size: .45 Acres (19,800 SF)
