Vacant Office Suite for Owner
5604 W 41st St Sioux Falls, SD 57106
For Sale
Contact for pricing
Vacant Office Suite 106 is zoned C-3 and includes 35 parking spaces.
Property Size6,088 SF
Price / SF$150.30
Days on Market369
Property Features for 5604 W 41st St
General Information
- Standard status
- Active
- Size
- 6,088 SF
- Property subtype
- OFFICE
Listing Agency:
NAI | Sioux Falls
(605) 370-1808
Listed By:
Gregg Brown, SIOR
(605) 306-2519
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Jul 25
Last Checked: Jul 26 at 2:02PM
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 NAI | Sioux Falls
Investment Insights
Based on property information with market context.
This offering presents an owner-occupant option featuring a vacant office suite, Suite 106, with approximately 2,700 square feet of space. The space is positioned for immediate occupancy, with relevant operating details available to qualified parties upon request, including financials and a rent roll.
The property is located at 5604 W 41st St in Sioux Falls, SD 57106, and is zoned C-3. Parking for the site totals 35 vehicles, supporting day-to-day employee and client access.
Additional information, including available financials and the rent roll, can be provided upon request as part of the due diligence process.
The property is located at 5604 W 41st St in Sioux Falls, SD 57106, and is zoned C-3. Parking for the site totals 35 vehicles, supporting day-to-day employee and client access.
Additional information, including available financials and the rent roll, can be provided upon request as part of the due diligence process.
Key Highlights
- Vacant office suite 106 offering 2,700 SF
- Zoned C‑3
- Includes 35 vehicle parking spots
Financial Insights For Office B
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 | $127.8k | $21.00 |
| − Vacancy | −$19.2k | −$3.15 |
| EGI | $108.7k | $17.85 |
| − OpEx | −$27.2k | −$4.46 |
| NOI | $81.5k | $13.39 |
6,088 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,503 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,721 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
VacuumCenter LLC
(Bike/Boat/Book/etc) Store
Dan Scholten - State ...
Insurance Agency
State Farm Insurance
Insurance Agency
Liberty Tax
Accounting Firm
FAQs
What type of property is this?
Office units - Vacant Office Suite 106 is zoned C-3 and includes 35 parking spaces.
Where is this office units located?
The property is located at 5604 W 41st St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Vacant office suite 106 offering 2,700 SF; Zoned C‑3; Includes 35 vehicle parking spots
