Property profile

410 W 26Th St Sioux Falls, SD 57105

FOR LEASE
Strip malls
Property ID
US79-0042831
11,208 SF 0.97 ac lot Built 1934
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot retail building, constructed in 1990, is situated on a 0.25-acre lot at 410 W 26th St in Sioux Falls, South Dakota, zip code 57105. Currently configured as a multi-tenant property, it offers a fantastic opportunity for businesses seeking a high-visibility location. One space of 2,800 square feet is currently available. The property's ideal location near the intersection of 26th Street and Minnesota Avenue provides unparalleled access to high traffic volume. This strategic corner location benefits from the significant daily traffic flow of Minnesota Avenue, a major thoroughfare connecting Sioux Falls directly to the downtown area and key interstate roadways, I-29 and I-229. The combined daily vehicle count at the 26th/Minnesota intersection is a substantial 38,776 vehicles. The property is classified as retail, suitable for salon or restaurant uses, and is located within Minnehaha County. This presents a rare chance to establish or expand a business in a vibrant and easily accessible area of Sioux Falls. The building's existing infrastructure provides a solid foundation for a variety of retail ventures.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1934
Construction TYPE NOT SPECIFIED
Total area 11,208 SF
Lot 0.97 ac (42,406 SF)
APN 34641
UPID US79-0042831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

410 W 26Th St Sioux Falls, SD 57105
Sioux Falls metro Census 1502 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$677k
Blend (final) Blend
$520k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Auto repair, garage $830,000 +28.7%
Medical building $695,000 +7.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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