3601 W 57th St, Sioux Falls, SD
Three retail condominium units for sale in Sioux Falls.
- Added:
- Jun 16, 2025
- Days on Market:
- 360
- Last Refresh:
- May 20 at 9:49 pm
Property Features for 3601 W 57th St
General Information
- Standard status
- Active
- Size
- 15,924 SF
- Lot size
- 0.36 Acres
- Property subtype
- RETAIL
Listing agent Raquel Blount, SIOR
Listing office Lloyd Companies - Corporate (605) 323-2820
Listing date Jun 16, 2025
Source Moodyscre
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
HighLights
- High‑traffic location with a strong daytime population and numerous businesses.
- Purchase includes three units within the Shoppes at 57th Street Condominium Project.
- Existing tenants include established businesses like Wingstop and The Honey Baked Ham Co.
- Two vacant suites in shell condition offer potential for new tenants or owner‑occupancy.
- Part of a condominium project surrounded by a mix of retail, office, and residential developments.
- Shared surface parking with 101 stalls.
Overview
Local Financial Insights For Specialty 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 | $305.7k | $19.20 |
| − Vacancy | −$22.9k | −$1.44 |
| EGI | $282.8k | $17.76 |
| − OpEx | −$70.7k | −$4.44 |
| NOI | $212.1k | $13.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7699
- Latitude
- 43.4999