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    5005 Sioux Fls Sioux Falls, SD 57108

    For Lease
    $19 SF/Yr

    Prime Sioux Falls retail, 2323 sq ft

    Lot size:
    2,323 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,323-square-foot retail space is located within the thriving Bridges at 57th development in Sioux Falls, South Dakota. Situated at 5005 S Western Avenue, Suite 170, this Class A single-tenant property boasts a highly desirable location with excellent visibility and accessibility. The space features a grand lobby with abundant natural light, an open floor plan, exposed ceilings, and a mirrored wall, creating a versatile and attractive environment. Additional amenities include two restrooms, a private office with laundry hook-ups, and a convenient storage room. The property's C-3 zoning allows for a variety of uses, making it ideal for businesses such as dance studios or fitness centers. The location benefits from high traffic counts, with 20,800 cars per day on Western Avenue and 18,300 cars per day on 57th Street, ensuring significant exposure to potential customers. This space is offered at $19.00 per square foot (NNN), with estimated NNN expenses of $8.00 per square foot. The property enjoys strong co-tenancy with a diverse range of established businesses, including Scooter's Coffee, Club Pilates, Vivaz Medical Spa, and many more, creating a vibrant and attractive retail environment. The property is easily accessible from I-229, further enhancing its appeal and convenience. This is a remarkable opportunity to establish a business in a prime Sioux Falls location. Zip code: 57108.

    Property Features for 5005 Sioux Fls

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,323 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    2,323 SF
    Rate per SF
    $19

    HighLights

    • Prime location in established business district, ideal for small businesses.
    • Upscale outdoor amenities including patios, benches, bike racks, water features, and dog park, creating a park‑like setting.
    • Boutique retail, gourmet food, and specialty service tenants create a high‑end atmosphere.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.749242078468
    Latitude
    43.498959486248

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    FAQs

    What type of property is this?
    Retail property - Prime Sioux Falls retail, 2323 sq ft
    Where is this retail property located?
    The property is located at 5005 Sioux Fls Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime location in established business district, ideal for small businesses.; Upscale outdoor amenities including patios, benches, bike racks, water features, and dog park, creating a park-like setting.; Boutique retail, gourmet food, and specialty service tenants create a high-end atmosphere.
    Request Owner's contact information
    5005 Sioux Fls Sioux Falls, SD 57108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5005 Sioux Fls Sioux Falls, SD 57108
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