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    2808 Louise Ave Sioux Falls, SD 57106

    Sponsored
    For Lease
    $14 SF/Yr

    5,449 SF Single-Tenant Retail Building

    Lot size:
    5,449 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,449 square foot retail property is ideally situated at 2808 S. Louise Ave in Sioux Falls, South Dakota, within the thriving Meadows on the River Development. Boasting a single-tenant occupancy, this building offers a fantastic opportunity for businesses seeking high visibility and accessibility. Its strategic location along S. Louise Avenue provides direct access to 41st Street, one of Sioux Falls' busiest thoroughfares, ensuring significant daily traffic exposure. The property benefits from its proximity to two I-29 exits, less than a mile away, further enhancing its reach to a wider customer base. The surrounding area is a bustling commercial hub, anchored by major retailers such as The Home Depot, Buffalo Wild Wings, Sam's Club, and Slumberland, contributing to an impressive 13.8 million annual visits to the development. This high-traffic location and established commercial environment create an ideal setting for a variety of retail businesses seeking a prominent presence in a rapidly growing area of Sioux Falls. The property is located in Minnehaha County, South Dakota, with a zip code of 57106. This presents a unique opportunity to establish or expand a retail operation in a prime location within a successful and well-established commercial development.

    Property Features for 2808 Louise Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,449 SF

    Unit(s) available at that property

    Space
    Size
    5,449 SF
    Rate per SF
    $14

    HighLights

    • High‑quality shell space available for tenant improvements.
    • Strong co‑tenancy with Aldi and World Market, driving 57,900 monthly visitors.
    • Multiple convenient access points from Louise Avenue.
    • Ample parking with approximately 164 shared spaces.
    • Building and potential monument signage opportunities available.
    • Immediately available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    ALDI Supermarket ALDI Deli Deli

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7702654
    Latitude
    43.5199331

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    FAQs

    What type of property is this?
    Retail property - 5,449 SF Single-Tenant Retail Building
    Where is this retail property located?
    The property is located at 2808 Louise Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High-quality shell space available for tenant improvements.; Strong co-tenancy with Aldi and World Market, driving 57,900 monthly visitors.; Multiple convenient access points from Louise Avenue.
    Request Owner's contact information
    2808 Louise Ave Sioux Falls, SD 57106
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    Sioux Falls, SD 57106
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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
    2808 Louise Ave Sioux Falls, SD 57106
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