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    5001 Western Ave Sioux Falls, SD 57108

    Sponsored
    For Lease
    $22 SF/Yr

    Thriving Sports Bar, Sale or Lease

    Lot size:
    9,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A restaurant and sports bar, located at 5001 S Western Ave, Sioux Falls, SD 57108, presents a unique investment opportunity. Built in 2005, this single-tenant property boasts a substantial 9,206 square feet on a 1.386-acre lot (60,374 sq ft). The property features a fully equipped kitchen, a well-appointed bar, and ample dining space capable of seating 350 people indoors. Outdoor seating on the expansive patio can accommodate over 150 additional guests. Further enhancing its versatility, the property includes a private casino room complete with a bar and fireplace, and a flexible conference/party room. The building is served by 1,600 Amp 3-phase power. Its prime location on the south side of Sioux Falls, conveniently situated off I-229 Western exit, ensures high visibility and accessibility. This turnkey operation is ideal for an established business seeking expansion or a new venture looking for a ready-made, high-capacity venue. The property is available for both sale and lease, offering flexibility to prospective buyers and tenants. Lincoln County location provides access to a strong local market. This is a rare opportunity to acquire a well-established and profitable business in a high-growth area.

    Property Features for 5001 Western Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,206 SF
    Class
    A

    Building Details

    Year Built
    2005

    Unit(s) available at that property

    Space
    Size
    9,206 SF
    Rate per SF
    $22

    HighLights

    • Located within The Bridges at 57th St, a shopping/commercial development with 833,000 annual visits.
    • High traffic area: 40,600 vehicles daily at 57th & Western, plus 51,578 vehicles daily on I‑229.
    • 2005 construction.
    • 95+ dedicated parking stalls.
    • 2023 real estate taxes: $32,035.20 (payable 2024).
    • Seating for 350 indoors, ~150 on the patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Let it Fly ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.748312
    Latitude
    43.4998227

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    FAQs

    What type of property is this?
    Restaurant - Thriving Sports Bar, Sale or Lease
    Where is this restaurant located?
    The property is located at 5001 Western Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Located within The Bridges at 57th St, a shopping/commercial development with 833,000 annual visits.; High traffic area: 40,600 vehicles daily at 57th & Western, plus 51,578 vehicles daily on I-229.; 2005 construction.
    Request Owner's contact information
    5001 Western Ave Sioux Falls, SD 57108
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    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
    5001 Western Ave Sioux Falls, SD 57108
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