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    1401 N Main Ave Sioux Falls, SD 57105

    For Sale
    $199,000

    Historic market with retail space and residential unit.

    Property size:
    2,927 SF
    Lot size:
    0.15 Acres

    Property Features for 1401 N Main Ave

    General Information

    Size
    2,927 SF
    Lot size
    0.15 Acres

    Source: Hegg Realtors | Garry Realty Group Agent Justin Garry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Market with Residence

    This historic property, formerly Omar's Market, offers over 2500 square feet of retail space. The retail area includes beverage coolers, shelving, a walk-in freezer, a walk-in fridge, and a meat counter and cabinet. Additionally, the property features a two-bedroom, one-bathroom residence. The residence includes a backyard with a concrete pad and a detached garage. Currently operated as a tailoring shop, the property is available for sale in as-is condition. The total property size is 2927 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    555 Tailoring and Alterations ... Tailor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bariki Int,l Market, Sunshine Foods

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7286917
    Latitude
    43.564293

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    FAQs

    What type of property is this?
    Grocery and convenience store - Historic market with retail space and residential unit.
    Where is this grocery and convenience store located?
    The property is located at 1401 N Main Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Large 2500 sq ft retail space with existing infrastructure including beverage coolers, shelving, walk-in freezer/fridge, and meat counter.; - Includes a 2 bed, 1 bath residence, offering living accommodations or rental income potential.; - Detached garage provides parking or storage.
    (605) 480-3418
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    Sioux Falls, SD 57105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 N Main Ave Sioux Falls, SD 57105
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