Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2542 Lorraine Pl Sioux Falls, SD 57106

    Sponsored
    For Lease
    $23 SF/Yr

    Prime Sioux Falls retail space, I-29 frontage.

    Lot size:
    10,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail opportunity is located in the vibrant Lake Lorraine development in Sioux Falls, South Dakota. The property boasts a highly visible location with direct frontage on Interstate 29, ensuring maximum exposure to a large volume of traffic. Available spaces range from 1,500 to 10,605 square feet, offering flexibility for various retail concepts. The spaces are situated between well-established national retailers, Hobby Lobby and Dave & Buster's, creating a synergistic environment and attracting a substantial customer base. The lease rate is $23.50 per square foot, with an estimated Net, Net, Net (NNN) expense of $6.00 per square foot. To further incentivize tenant occupancy, the landlord is offering a generous tenant improvement allowance of $25 per square foot. This is a rare chance to secure a prime retail space in one of Sioux Falls' most sought-after commercial developments. The property is located at 2542 S Lorraine Pl, Sioux Falls, SD 57106, in Minnehaha County. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The property is categorized as multiple tenancy retail shop space.

    Property Features for 2542 Lorraine Pl

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,600 SF

    Unit(s) available at that property

    Space
    Suites 2490 - 2568
    Size
    10,600 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.782930483066
    Latitude
    43.521635992099

    Nearby Similar for Lease

    • $20 SF/Yr
      3,158 SF

      Turn-Key Office Suites Available

      Class A office spaces in expanding Dawley Farms Village.
      5501-5545 E 18Th St, Sioux Falls, SD 57104
      View Details
    • $25 SF/Yr
      5,977 SF

      Mixed-Use Development in Steel District

      Integrated live, work, play, stay development with office and retail.
      150 E 4 Pl, Sioux Falls, SD
      View Details
    • $25 SF/Yr
      1,108 SF

      Retail Space in Steel District

      Retail space available in a mixed-use development in Sioux Falls.
      151 E 4 Pl, Sioux Falls, SD
      View Details
    • $21 SF/Yr
      907 SF

      Retail Space in Uptown Development

      Retail or office space in a growing downtown area.
      701-721 N Phillips Ave, Sioux Falls, SD 57104
      View Details
    • $18 SF/Yr
      2,949 SF

      Sioux Falls Office Space Available

      Office spaces for lease with abundant natural light and parking.
      3904 W Technology Cir, Sioux Falls, SD 57106
      View Details
    • $18 SF/Yr
      2,817 SF

      Prime Retail Complex Available Now

      Retail suites available in a high-traffic Sioux Falls location.
      4805-4827 S Louise Ave, Sioux Falls, SD 57106
      View Details
    • $18 SF/Yr
      811 SF

      Mixed-Use Building in Growing Area

      Mixed-use building with office, service space, and apartment units.
      7805 Dakota Hawk Pl, Sioux Falls, SD
      View Details
    • $21 SF/Yr
      1,145 SF

      New Retail Space in Sioux Falls

      New construction strip mall in a high-traffic area.
      1404-1420 E 69Th St, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      45,339 SF

      New Professional Office Building

      New three-story office building with underground parking and high visibility.
      4080 S Grange Ave, Sioux Falls, SD 57105
      View Details
    • $22 SF/Yr
      3,220 SF

      Corner Office Space Available

      Main floor office space with abundant windows and parking.
      600 S Main Ave, Sioux Falls, SD 57104
      View Details
    • $40 SF/Yr
      2,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru and patio potential in Sioux Falls.
      5701 E 41St St, Sioux Falls, SD 57106
      View Details
    • $11 SF/Yr
      1,870 SF

      Downtown Sioux Falls Office Space

      Historic office space in vibrant downtown Sioux Falls. Available 2025.
      126 S Phillips Ave, Sioux Falls, SD 57104
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Sioux Falls retail space, I-29 frontage.
    Where is this retail property located?
    The property is located at 2542 Lorraine Pl Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    Request Owner's contact information
    2542 Lorraine Pl Sioux Falls, SD 57106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2542 Lorraine Pl
    Sioux Falls, SD 57106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2542 Lorraine Pl Sioux Falls, SD 57106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.