Retail Shop with Customer
3101 S Shirley Avenue Sioux Falls, SD 57106
New
3101 S Shirley Avenue, Sioux Falls, SD, 57106
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For Sale
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Retail shop space features a customer office at the front, with ample parking and two curb cuts.
Property Size4,161 SF
Price / SF$216.05
Days on Market6
Property Features for 3101 S Shirley Avenue
General Information
- Standard status
- Active
- Size
- 4,161 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing agency
Nelson Commercial Real Estate
Listed by
Steven Herman · License #SD 21253
Source
Crexi
Added: Jul 17 Updated: Jul 22 at 12:56PM Checked: Jul 22 at 12:56PM
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 Nelson Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail shop space includes a large shop area with a professional customer office positioned at the front. The layout is designed to support versatile occupancy options, with storefront-style front space and open shop area to accommodate day-to-day operations.
The property is directly east of Menards, placing it in an active retail cluster that includes building products, restaurants, and entertainment. On-site parking is available, and there are two curb cuts to support convenient vehicle access.
Overall, the configuration combines customer-facing office space with a larger interior shop footprint, making it suitable for businesses that need both front-of-house presence and room for shop operations.
The property is directly east of Menards, placing it in an active retail cluster that includes building products, restaurants, and entertainment. On-site parking is available, and there are two curb cuts to support convenient vehicle access.
Overall, the configuration combines customer-facing office space with a larger interior shop footprint, making it suitable for businesses that need both front-of-house presence and room for shop operations.
Key Highlights
- Retail shop space built in 1995
- Customer office located at the front of the shop area
- Large shop area with versatile occupancy options
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 | $74.9k | $18.00 |
| − Vacancy | −$6.0k | −$1.44 |
| EGI | $68.9k | $16.56 |
| − OpEx | −$20.7k | −$4.97 |
| NOI | $48.2k | $11.59 |
4,161 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$689.1K
$602.9K – $803.9K
NOI $48,234 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$988.7K – $1.32M
NOI $79,092 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Empire Transmission And Brake
Auto Repair Shop
Empire Transmission Repair ...
Auto Repair Shop
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FAQs
What type of property is this?
Retail space - Retail shop space features a customer office at the front, with ample parking and two curb cuts.
Where is this retail space located?
The property is located at 3101 S Shirley Avenue Sioux Falls, SD.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Retail shop space built in 1995; Customer office located at the front of the shop area; Large shop area with versatile occupancy options
