Shopping Center with Vacant
For Sale
Contact for pricing
3502-3510 W 41st St, Sioux Falls, SD 57106
Shopping center offers two vacant suites plus 60 shared surface parking stalls and pylon and building signage.
Property Size24,394 SF
Lot Size1.47 Acres
Price / SF$161.93
Days on Market243
Property Features for 3502-3510 W 41st St
General Information
Standard status
Active
Size
24,394 SF
Total Parking Spaces
60
Lot size
1.47 Acres
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
Lloyd Companies - Corporate
(605) 323-2820
Listed By:
Scott Blount · License #11915
(605) 231-1882
Source:
Moodyscre
Added: Mar 2
Changed: Oct 26
Last Checked: Oct 30 at 3:03PM
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 Lloyd Companies - Corporate
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Investment Insights
Based on property information with market context.
This shopping center includes a mix of current tenants and two vacant suites, creating flexibility for new leasing or an owner-occupant arrangement. Tenants listed include Firehouse Subs, The Cell Phone Guy, Metro by T-Mobile, Chasing Clouds Vape, a beauty supply store, and DXL Big & Tall. The site provides 60 shared surface stalls, and pylon and building signage are available.
The overall site size is 1.47 Acres +/- with a total property size of 24,394 SF. Daytime population is listed at 17,697, with 15,625 businesses within a 1-mile radius. The neighboring tenant mix includes Walgreens, Chili’s, Olive Garden, Target, FedEx, TJ Maxx, and Starbucks. The property is adjacent to O’Gorman High School (1,637 students for the 2024-2025 school year).
The overall site size is 1.47 Acres +/- with a total property size of 24,394 SF. Daytime population is listed at 17,697, with 15,625 businesses within a 1-mile radius. The neighboring tenant mix includes Walgreens, Chili’s, Olive Garden, Target, FedEx, TJ Maxx, and Starbucks. The property is adjacent to O’Gorman High School (1,637 students for the 2024-2025 school year).
Key Highlights
- Two vacant suites for leasing flexibility or owner‑occupant use
- 60 shared surface parking stalls
- Pylon and building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,775
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,655,500
$5.7M
Cap Rate 7%
$4,039,643
$4.0M
Cap Rate 9%
$3,141,944
$3.1M
Market Conditions
NOI Build-Up for 24,394 SF
Gross rent
$439.1K $18.00/SF
− Vacancy
−$35.1K −$1.44/SF
EGI
$404.0K $16.56/SF
− OpEx
−$121.2K −$4.97/SF
NOI
$282.8K $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%
$5,655,500
Cap Rate 7%
$4,039,643
Cap Rate 9%
$3,141,944
Alternative Uses
Best Use
Retail
$4.04M
$3.53M – $4.71M
NOI $282,775 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.62M
$5.80M – $7.73M
NOI $463,681 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
890k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Apparel 25%
Superstores 17%
Shops & Services 12%
Target
Superstores
154,055 visits/mo
0.3 miles
Chick-fil-A
Dining
66,896 visits/mo
0.5 miles
Kohl's
Apparel
63,760 visits/mo
0.4 miles
T.J. Maxx
Apparel
51,150 visits/mo
0.3 miles
JCPenney
Apparel
49,672 visits/mo
0.5 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center offers two vacant suites plus 60 shared surface parking stalls and pylon and building signage.
Where is this shopping center located?
The property is located at 3502-3510 W 41st St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two vacant suites for leasing flexibility or owner‑occupant use; 60 shared surface parking stalls; Pylon and building signage available
