Sioux Falls Office For
For Sale
$915,000
5604 W 41st Street, Sioux Falls, SD 57106
Office property with vacant suite and parking available for sale.
Property Size2,700 SF
Price / SF$338.89
Days on Market149
Property Features for 5604 W 41st Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Office
Building Details
Year Built
1953
Listing Agency:
(605) 370-1808
Listed By:
Briana Kacmarynski
(605) 370-1808
Source:
Siouxfallscommercial
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 2 at 6:35AM
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 Briana Kacmarynski
Investment Insights
Based on property information with market context.
This commercial real estate offers an opportunity for an owner occupant. Suite 106, comprising 2,700 square feet, is currently vacant. The property is zoned C-3 and includes 35 parking spots for vehicles. Financials and rent roll are available upon request.
Key Highlights
- Vacant 2,700 SF Suite 106 offers immediate owner occupant opportunity.
- C‑3 Zoning provides flexibility for various business uses.
- Ample parking with 35 vehicle 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 | $56.7k | $21.00 |
| − Vacancy | −$8.5k | −$3.15 |
| EGI | $48.2k | $17.85 |
| − OpEx | −$12.0k | −$4.46 |
| NOI | $36.1k | $13.39 |
2,700 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.2K
$641.5K – $855.4K
NOI $51,322 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office property with vacant suite and parking available for sale.
Where is this office units located?
The property is located at 5604 W 41st Street 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 **2,700 SF Suite 106 offers immediate owner occupant opportunity.**; C‑3 Zoning provides flexibility for various business uses.; Ample parking with 35 vehicle spots.
