Retail Space with On-Site
New
For Sale
Contact for pricing
2524-2530 S Louise Ave, Sioux Falls, SD 57106
C-4-zoned space offers shared cross-easement access, building and monument signage, and flexible size options.
Property Size11,587 SF
Lot Size1.26 Acres
Price / SF$293.43
Days on Market4
Property Features for 2524-2530 S Louise Ave
General Information
Standard status
Active
Size
11,587 SF
Total Parking Spaces
80
Lot size
1.26 Acres
Property subtype
RETAIL
Zoning
C-4
Amenities
Monument and building signage
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Ryan Ammann · License #S43616000
(605) 310-7091
Source:
Moodyscre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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.
This 11,587-square-foot retail property occupies a 1.26-acre parcel (54,886 square feet) and is zoned C-4. Recent work includes replacement of the roof and HVAC system. Flexible space-size options are available, with limited restrictions.
Cross-easement drives provide access, and the property has 80 paved on-site parking spaces under a cross easement. Monument and building signage are also present.
Cross-easement drives provide access, and the property has 80 paved on-site parking spaces under a cross easement. Monument and building signage are also present.
Key Highlights
- 11,587‑square‑foot retail property on a 1.26‑acre lot (54,886 square feet)
- 80 paved on‑site parking spaces with cross‑easement access
- C‑4 zoning
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
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 - C-4-zoned space offers shared cross-easement access, building and monument signage, and flexible size options.
Where is this retail space located?
The property is located at 2524-2530 S Louise Ave 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: 11,587‑square‑foot retail property on a 1.26‑acre lot (54,886 square feet); 80 paved on‑site parking spaces with cross‑easement access; C‑4 zoning
