Retail Space with On-Site
New
For Sale
$3,400,000
2520-2530 S Louise Avenue, Sioux Falls, SD 57106
A current long-term tenant occupies the property, with flexible space options and limited use restrictions.
Property Size11,587 SF
Lot Size1.26 Acres
Days on Market2
Property Features for 2520-2530 S Louise Avenue
General Information
Standard status
Active
Size
11,587 SF
Total Parking Spaces
80
Lot size
1.26 Acres
Property subtype
Retail
Zoning
C-4
Additional Details
Road Access
Yes
Tenant in Place
Yes
Amenities
Monument and building signage
Building Details
Building Size
11,587 SF
Year Built
2002
Tenancy
Single
Listing Agency:
NAI Sioux Falls
Listed By:
Ryan Ammann · License #S43616000
(605) 310-7091
Source:
Siouxfallscommercial
Added: Oct 28
Last Checked: Oct 28 at 4:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space at 2520-2530 S Louise Avenue is occupied by a long-term tenant. The property offers flexible space configurations with limited restrictions, along with monument and building signage. Recent improvements include replacement of the roof and HVAC system.
The 1.26-acre site includes 54,886 square feet of land and 80 paved parking spaces. Cross-easement drives provide access, and the property is zoned C-4.
The 1.26-acre site includes 54,886 square feet of land and 80 paved parking spaces. Cross-easement drives provide access, and the property is zoned C-4.
Key Highlights
- 1.26‑acre site totaling 54,886 square feet
- 80 paved on‑site parking spaces
- Cross‑easement drives provide access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,317
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,686,340
$2.7M
Cap Rate 7%
$1,918,814
$1.9M
Cap Rate 9%
$1,492,411
$1.5M
Market Conditions
NOI Build-Up for 11,587 SF
Gross rent
$208.6K $18.00/SF
− Vacancy
−$16.7K −$1.44/SF
EGI
$191.9K $16.56/SF
− OpEx
−$57.6K −$4.97/SF
NOI
$134.3K $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%
$2,686,340
Cap Rate 7%
$1,918,814
Cap Rate 9%
$1,492,411
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,317 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,246 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
476k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Home Improvements & Furnishings 26%
Shops & Services 25%
Groceries 9%
Menards
Home Improvements & Furnishings
64,847 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
35,178 visits/mo
0.2 miles
Aldi
Groceries
32,750 visits/mo
0.3 miles
Cinemark Century Sioux Falls 14 and XD
Leisure
32,335 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
29,505 visits/mo
0.2 miles
Demographics for 57106, SD
47,877
Population
21,722
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
93%
High-School Grad
30.3 sq mi
ZIP Area
1,580
Density / Sq Mi
$77,070
Median Household Income
$47,554
Median Earnings
$996
Median Rent
$268,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A current long-term tenant occupies the property, with flexible space options and limited use restrictions.
Where is this retail space located?
The property is located at 2520-2530 S Louise Avenue Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 1.26‑acre site totaling 54,886 square feet; 80 paved on‑site parking spaces; Cross‑easement drives provide access
