Storefront with Heated Lower
New
For Sale
$1,195,000
1909 W 41St St St, Sioux Falls, SD 57105
COMMERCIAL, Sioux Falls, SD
Property Size6,400 SF
Lot Size0.47 Acres
Price / SF$186.72
Days on Market5
Property Features for 1909 W 41St St St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-3 Commercial (RE2)
Security features
Security Lighting
Subdivision
Temporary Check Back
Directions
One Block East of Western Ave. on 41st.
Standard status
Active
APN
26331
Size
6,400 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
W 100` N 220` (EX H-1) BLOCK 3 BERRY`S, TOM TO SOUTH SIOUX FALLS
Tax Annual Amount
10017
Legal Description
W 100` N 220` (EX H-1) BLOCK 3 BERRY`S, TOM TO SOUTH SIOUX FALLS
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
two stall heated garage
prominent monument signage
working merchandise conveyor
Building Details
Year built
1977
Floors in Building
1
Roof type
Rubber, Composition
Listing Agency:
Cook Realty
(605) 743-9095
Listed By:
Rebecca Johnson
(605) 334-7733
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 1:06PM
MLS# 22607588
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding storefront has main-level retail and storage space, plus a heated lower level used for additional retail and storage. The lower level includes two restrooms, two stairway entrances, and a working merchandise conveyor. A two-stall heated garage, monument sign, central heating and cooling, and rubber and composition roofing are also part of the property. Built in 1977, it was renovated in 2020, when the roof and HVAC were replaced.
At 1909 W 41st St in Sioux Falls, the property has access from 41st Street and on-site parking with a 4.58 parking ratio. The parcel contains 0.4706 acres and is zoned C-3 Commercial (RE2).
At 1909 W 41st St in Sioux Falls, the property has access from 41st Street and on-site parking with a 4.58 parking ratio. The parcel contains 0.4706 acres and is zoned C-3 Commercial (RE2).
Key Highlights
- Main‑level retail and storage areas with additional retail and storage in a heated lower level
- Lower level has two restrooms, two stairway access points, and a working merchandise conveyor
- Two‑stall heated garage and on‑site parking with a 4.58 parking ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,189
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,780
$1.5M
Cap Rate 7%
$1,059,843
$1.1M
Cap Rate 9%
$824,322
$824.3K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$115.2K $18.00/SF
− Vacancy
−$9.2K −$1.44/SF
EGI
$106.0K $16.56/SF
− OpEx
−$31.8K −$4.97/SF
NOI
$74.2K $11.59/SF
Area
Sioux Falls, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,780
Cap Rate 7%
$1,059,843
Cap Rate 9%
$824,322
Alternative Uses
Best Use
Retail
$1.06M
$927.4K – $1.24M
NOI $74,189 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,651 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
544k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 43%
Dining 22%
Shops & Services 17%
Electronics 12%
Scheels
Apparel
205,228 visits/mo
0.2 miles
Best Buy
Electronics
49,783 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
32,343 visits/mo
0.5 miles
Pizza Ranch
Dining
22,503 visits/mo
0.5 miles
At Home
Home Improvements & Furnishings
20,075 visits/mo
0.3 miles
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - A freestanding commercial property combines retail and storage areas with a heated garage and on-site parking.
Where is this storefront property located?
The property is located at 1909 W 41St St St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Main‑level retail and storage areas with additional retail and storage in a heated lower level; Lower level has two restrooms, two stairway access points, and a working merchandise conveyor; Two‑stall heated garage and on‑site parking with a 4.58 parking ratio
