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Retail Space in Village on Louise
For Lease
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5005 S Louise Ave, Sioux Falls, SD 57108

Retail space with high visibility and ample parking.

Space Size2,364 SF - 3,786 SF
Property Size48,900 SF
Days on Market1745

Property Features for 5005 S Louise Ave

General Information

Standard status Active
Size 2,364 SF - 3,786 SF
Total Parking Spaces 285
Property subtype Retail
Lease Type NNN

Building Details

Building Size 48,900 SF
Year Built 2006
Tenancy Multiple

Spaces For Lease

at 5005 S Louise Ave Contact us

Suite 5033

Size
2,373 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 5035

Size
2,364 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 5111

Size
3,786 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Bender Commercial
Listed By: Alex Soundy · License #SD 18022
Source: Crexi
Added: Nov 23, 2021 Changed: Aug 25 Last Checked: Sep 2 at 7:27AM

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 Bender Commercial

Investment Insights

Based on property information with market context.

This retail space is located in the Village on Louise. The property benefits from building and monument signage. Ample parking is available within the retail center, offering a parking ratio of 1:171. The location provides high visibility, with a combined daily traffic count of 43,300 vehicles. It offers convenient access to Louise Avenue, 57th Street, 41st Street, and I-29. Current tenants in the Village on Louise include Panera, Cherry Berry, Olive Destination, Year Round Brown, barre3, Great Clips, Marco’s Pizza, Noodles & Company, Midco and Royal Palace. A negotiable Tenant Improvement Allowance is available.

Key Highlights

  • High Visibility: Combined daily traffic count of 43,300 vehicles.
  • Prime Location: Located in successful Village on Louise retail center.
  • Excellent Accessibility: Easy access to Louise Avenue, 57th Street, 41st Street and I‑29.

Property Analytics

Current Use

Noodles and Company Restaurant

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,209
Businesses Nearby
238k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 33% Beauty & Spa 3% Hotels & Casinos 2%
McDonald's Dining
28,188 visits/mo 0.2 miles
Panera Bread Dining
23,161 visits/mo 0.1 miles
Dollar Tree Shops & Services
18,293 visits/mo 0.5 miles
Sioux Falls #9 Shops & Services
17,067 visits/mo 0.2 miles
Qdoba Mexican Grill Dining
15,987 visits/mo 0.0 miles

Demographics for 57108, SD

31,953
Population
13,933
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
30.4 sq mi
ZIP Area
1,051
Density / Sq Mi
$96,184
Median Household Income
$51,749
Median Earnings
$1,292
Median Rent
$401,300
Median Home Value

Market

Lease Benchmarks for Sioux Falls, SD

$17.74 /SF/Yr
Avg Asking Price
$10–$26 /SF/Yr
Price Range
4,486 SF
Avg Space Size

This space is priced 1% above the average of $17.74 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with high visibility and ample parking.
Where is this retail space located?
The property is located at 5005 S Louise Ave Sioux Falls, SD.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: High Visibility: Combined daily traffic count of 43,300 vehicles.; Prime Location: Located in successful Village on Louise retail center.; Excellent Accessibility: Easy access to Louise Avenue, 57th Street, 41st Street and I‑29.
(605) 681-8351 Call to check price and availability
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