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    5001 Western Ave Sioux Falls, SD 57108

    For Sale
    $3,250,000

    Thriving Restaurant, High Traffic Area

    Property size:
    9,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional opportunity to acquire a fully operational, Class A restaurant in Sioux Falls, South Dakota. This 9,206 square foot establishment, built in 2005, boasts a prime location within The Bridges at 57th St, a renowned shopping center attracting 833,000 annual visitors. The property benefits from high visibility at a corner location with approximately 40,600 vehicles passing daily, and excellent access to I-229 (51,578 vehicles daily). The spacious interior comfortably seats 350 guests, complemented by a large outdoor patio accommodating over 150 more. Features include a well-equipped bar with multiple tap lines and a glycol system, a private casino room with its own bar and fireplace, and a versatile conference/party room. The property includes 95+ dedicated parking stalls and sits on a 1.386-acre lot. The 2023 real estate taxes, payable in 2024, are $32,035.20. A liquor license is available, with the price negotiable. This is a single-tenant, NNN lease property, currently operating at 100% occupancy. Detailed equipment lists and floor plans are available upon request. This stabilized investment presents a rare opportunity in a high-demand location. The asking price is $3,250,000.

    Property Features for 5001 Western Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,206 SF
    Class
    A
    Lot Size
    60,374 SF

    Building Details

    Year Built
    2005

    HighLights

    • Located in The Bridges at 57th St, a high‑traffic shopping center with 833,000 annual visits.
    • High‑visibility corner location with 40,600 vehicles per day passing by.
    • Excellent I‑229 access, with 51,578 vehicles per day.
    • 2005 construction.
    • 95+ dedicated parking spaces.
    • $32,035.20 annual real estate taxes (2024 payable).
    Property Profile Insight Report 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 Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 5001 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: Located in The Bridges at 57th St, a high-traffic shopping center with 833,000 annual visits.; High-visibility corner location with 40,600 vehicles per day passing by.; Excellent I-229 access, with 51,578 vehicles per day.
    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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