Restaurant Opportunity in Sioux
5001 S Western Ave Sioux Falls, SD 57108
5001 S Western Ave, Sioux Falls, SD, 57108
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For Sale
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Restaurant property for sale in a high-traffic shopping destination.
Property Size9,206 SF
Price / SF$353.03
Days on Market623
Property Features for 5001 S Western Ave
General Information
- Standard status
- Active
- Size
- 9,206 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Lloyd Companies
(605) 275-4251
Listed by
Raquel Blount · License #SD 11811
Source
Crexi
Added: Nov 5, 2024 Updated: Jul 6 at 8:05AM Checked: Jul 19 at 8:32AM
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 Lloyd Companies
Investment Insights
Based on property information with market context.
This 9,206 square foot property is located on the south side of Sioux Falls, within The Bridges at 57th, a shopping destination with over 833,000 annual visits. The location benefits from a combined traffic count of 40,600 vehicles per day at the intersection of 57th Street and Western Avenue, with direct access to I-229, which carries more than 51,000 vehicles per day. The surrounding area includes established retailers, professional services, and residential neighborhoods. The property is situated in an area with above-average disposable income. The property is available for sale or lease and offers an adaptable layout. Furniture, fixtures, and equipment may be negotiated separately. This property presents a premier restaurant opportunity.
Key Highlights
- Premier restaurant location in The Bridges at 57th shopping destination (833,000 annual visits).
- High traffic counts: 40,600 VPD at 57th & Western, I‑229 access with 51,000+ VPD.
- Adaptable 9,206 SF space available for sale or lease.
Local 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 | $176.8k | $19.20 |
| − Vacancy | −$13.3k | −$1.44 |
| EGI | $163.5k | $17.76 |
| − OpEx | −$40.9k | −$4.44 |
| NOI | $122.6k | $13.32 |
9,206 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,624 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,988 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Let it Fly ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Accent On Events — 4100 S Western Ave, Sioux Falls, SD 57105
- Chef Ellen — 2210 W 69th St Unit 130, Sioux Falls, SD 57108
FAQs
What type of property is this?
Restaurant - Restaurant property for sale in a high-traffic shopping destination.
Where is this restaurant located?
The property is located at 5001 S Western Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Premier restaurant location in The Bridges at 57th shopping destination (833,000 annual visits).; High traffic counts: 40,600 VPD at 57th & Western, I‑229 access with 51,000+ VPD.; Adaptable 9,206 SF space available for sale or lease.
