Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    909 West Ave Sioux Falls, SD 57104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Sioux Falls restaurant, vacant, high visibility.

    Property size:
    7,872 SF

    Property Features for 909 West Ave

    General Information

    Property type
    Restaurants
    Square Feet
    7,872 SF

    Building Details

    Year Built/Renovated
    1963/2001
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Ryan Ammann
    Ryan Ammann

    Listing Agency: NAI Sioux Falls Listing Agent: Ryan Ammann

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This 7,872 square foot, single-story restaurant building is located at 909 West Ave N in Sioux Falls, South Dakota, within a vibrant entertainment district. Built in 1963 and renovated in 2001, the property sits on a 51,100 square foot lot and offers 102 paved on-site parking spaces. The asking price is $1,850,000 ($235.01/sq ft). The building boasts ample signage opportunities, including a pylon sign on West Ave. Recent improvements include a roof replacement in 2019 and HVAC upgrades. Previously operated as a Buffalo Wild Wings and more recently as a non-franchise sports bar, the property includes a liquor license. A list of included furniture, fixtures, and equipment is available. The sale does not include the sound system and audio-visual equipment. This is a remarkable opportunity to acquire a well-located, established restaurant space with significant potential. The property is currently vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Den Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -96.747959691182
    Latitude
    43.558168048924

    Nearby Similar for Sale

    • Contact for pricing
      850 SF

      Sioux Falls Office Space Available

      Office space near downtown Sioux Falls with flexible layout.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      1,683 SF

      Office Space Near Downtown

      Office space featuring a reception area, offices, and open space.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • $1,100,000
      8,750 SF

      Sioux Falls Commercial Opportunity

      Two buildings near Sycamore Ave and Arrowhead Pkwy.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $1,500,000
      18,296 SF

      Sioux Falls Showroom with Visibility

      Highly visible showroom on E 10th St with ample parking.
      2715 E 10Th St, Sioux Falls, SD 57103
      View Details
    • New
      $319,900
      2,478 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex near downtown Sioux Falls, ideal for investors.
      1012 W 8Th St E, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      4,000 SF

      Sioux Falls Warehouse with Climate Control

      4,000 SF climate-controlled warehouse with convenient access and ample parking.
      604 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      4,750 SF

      Sioux Falls Commercial Property

      4,750 sq ft commercial space in Sioux Falls, SD.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $685,000
      5,200 SF

      Sioux Falls Four-Plex Townhomes

      Immaculately maintained four-plex in a desirable Sioux Falls location.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • $340,000
      2,082 SF

      Well-Maintained Duplex in Sioux Falls

      Updated duplex with separate utilities and strong rental history.
      616 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • $1,299,000
      Pending

      Luxury Four-Unit Property, Sioux Falls

      Upscale four-unit property in a desirable Sioux Falls location.
      5000 E 54Th St, Sioux Falls, SD 57110
      View Details
    • $409,900
      2,729 SF

      Sioux Falls Fourplex For Sale

      Four-unit property with recent renovations and new roof.
      201 N French Ave, Sioux Falls, SD 57103
      View Details
    • $354,900
      Pending

      Sioux Falls Duplex with Garage

      South Sioux Falls duplex featuring a detached garage and spacious layout.
      3801 S Hawthorne Ave, Sioux Falls, SD 57105
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Sioux Falls restaurant, vacant, high visibility.
    Where is this restaurant located?
    The property is located at 909 West Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $1,850,000.
    (605) 310-7091 Call to check price and availability
    Request Owner's contact information
    909 West Ave Sioux Falls, SD 57104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    909 West Ave
    Sioux Falls, SD 57104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    909 West Ave Sioux Falls, SD 57104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Ammann
    Ryan Ammann
    Real Estate License ID: S43616000
    (605) 310-7091 (605) 357-7100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!