Standalone Commercial
401 E 5th St Canton, SD 57013
For Sale
$215,000
Pending
COMMERCIAL - Canton, SD
Property Size2,094 SF
Lot Size0.21 Acres
Days on Market194
Property Features for 401 E 5th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Municipality
- Standard status
- Pending
- APN
- 200.14.22.012
- Size
- 2,094 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- LOTS 10-11-12 INCLUDE 1/2 VAC ALLEY BLK 22 - RUD ADD-CANTON
- Tax Annual Amount
- 1526
Utilities
- Utilities
- Water Available
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1889
- Floors in Building
- 1
- Flooring type
- Vinyl, Concrete, Carpet
- Building materials
- Frame, Masonry
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Sioux Falls
(605) 275-0555
Listed By:
Nick Thompson
(605) 275-0555
Added: Jan 13
Changed: Jul 24
Last Checked: Jul 26 at 10:06PM
MLS# 22600268
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Standalone commercial building on a 9,075 SF site offering over 2,000 SF of finished interior space. The layout is suited for restaurant or retail use and includes a commercial kitchen, generous seating, restrooms, and ample storage. Recent upgrades include new flooring, electrical, plumbing, and modern drop ceilings, and high-end appliances are already in place. An exterior patio provides additional flexibility for customer use.
Positioned at a signalized intersection in Canton, SD with strong daily traffic counts, the property benefits from excellent street exposure and signage potential. The site includes 11 on-site parking spaces, with additional off-street parking support for customer convenience. The property is approximately 20 minutes from Sioux Falls and is accessible to surrounding communities.
Positioned at a signalized intersection in Canton, SD with strong daily traffic counts, the property benefits from excellent street exposure and signage potential. The site includes 11 on-site parking spaces, with additional off-street parking support for customer convenience. The property is approximately 20 minutes from Sioux Falls and is accessible to surrounding communities.
Key Highlights
- 9,075 SF standalone commercial property at a signalized intersection with high daily traffic counts
- Over 2,000 SF finished interior with layout suited for restaurant or retail use, including seating, restrooms, and storage
- Commercial kitchen with high‑end appliances included, plus drop ceilings
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 | $30.2k | $14.40 |
| − Vacancy | −$2.1k | −$1.01 |
| EGI | $28.0k | $13.39 |
| − OpEx | −$8.4k | −$4.02 |
| NOI | $19.6k | $9.37 |
2,094 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$313.0K
$273.9K – $365.1K
NOI $21,908 @ 7.0% cap · market cap 10.19%
Second Best
Retail
$280.4K
$245.4K – $327.2K
NOI $19,630 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$464.9K
$406.8K – $542.4K
NOI $32,541 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sunnys Eatplace
Restaurant
Similar Off Market Nearby
- The Garden Shed Floral & Window Fashions — 203 E 5th St, Canton, SD 57013
FAQs
What type of property is this?
Storefront property - Standalone commercial property with finished interior space, commercial kitchen, patio, and 11 on-site parking spaces.
Where is this storefront property located?
The property is located at 401 E 5th St Canton, SD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 9,075 SF standalone commercial property at a signalized intersection with high daily traffic counts; Over 2,000 SF finished interior with layout suited for restaurant or retail use, including seating, restrooms, and storage; Commercial kitchen with high‑end appliances included, plus drop ceilings
