Retail/Restaurant Corner
For Sale
Contact for pricing
1120 E 10th St, Sioux Falls, SD 57103
Hard corner retail or restaurant opportunity near downtown Sioux Falls.
Property Size1,624 SF
Price / SF$369.46
Days on Market788
Property Features for 1120 E 10th St
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Retail
Listing Agency:
Tysdal Commercial
(605) 376-0127
Listed By:
Ryan Tysdal · License #SD 15186
Source:
Crexi
Added: Jun 6, 2024
Changed: Jul 6
Last Checked: Aug 2 at 4:48PM
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 Tysdal Commercial
Investment Insights
Based on property information with market context.
This 1,624-square-foot building presents an opportunity for retail or restaurant use. The property is located on the northwest corner of East 10th Street and South Cliff Avenue, situated one-half mile east of Downtown Sioux Falls. The building is currently built out for a pharmacy and general retail use, and was previously occupied by a national pizza tenant. Traffic counts are 20,200 cars per day on 10th Street and 14,600 cars per day on Cliff Avenue. Area tenants include McDonald’s, Burger King, Subway, Little Caesars, Lewis, Drake Springs Family Aquatic Center, Downtown Sioux Falls, Taco John’s, GreatLIFE, and Caribou Coffee.
Key Highlights
- Excellent hard corner location at a busy intersection (E 10th St & S Cliff Ave).
- High traffic counts: 20,200 cars per day on 10th Street and 14,600 cars per day on Cliff Avenue.
- Flexible retail/restaurant building suitable for various uses.
Financial Insights For Specialty Retail
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 | $31.2k | $19.20 |
| − Vacancy | −$2.3k | −$1.44 |
| EGI | $28.8k | $17.76 |
| − OpEx | −$7.2k | −$4.44 |
| NOI | $21.6k | $13.32 |
1,624 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$309.0K
$270.4K – $360.5K
NOI $21,632 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$268.9K
$235.3K – $313.8K
NOI $18,825 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
153k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 30%
Shops & Services 26%
Hotels & Casinos 1%
Hy-Vee
Groceries
46,035 visits/mo
0.3 miles
Taco Bell
Dining
17,916 visits/mo
0.5 miles
Casey's General Store
Shops & Services
16,432 visits/mo
0.4 miles
Qdoba Mexican Grill
Dining
10,773 visits/mo
0.1 miles
Applebee's
Dining
10,645 visits/mo
0.4 miles
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Hard corner retail or restaurant opportunity near downtown Sioux Falls.
Where is this retail space located?
The property is located at 1120 E 10th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Excellent hard corner location at a busy intersection (E 10th St & S Cliff Ave).; High traffic counts: 20,200 cars per day on 10th Street and 14,600 cars per day on Cliff Avenue.; Flexible retail/restaurant building suitable for various uses.
