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    6205 Old Village Pl Sioux Falls, SD 57108

    Sponsored
    For Lease
    $22 SF/Yr

    Class A Retail/Office, High Traffic Location

    Lot size:
    21,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,029 square foot retail space, located at 6205 S Old Village Pl in Sioux Falls, South Dakota (zip code 57108), is part of the thriving Heather Ridge retail development on 69th & Western. The property boasts Class A finishes and ample parking, situated in a high-traffic area. The single-tenant space currently features a wide-open floor plan ideal for retail, complete with existing fitting rooms and a main floor restroom. A significant lower level, totaling 17,011 square feet (21,040 total building sqft), offers substantial storage capacity and presents a remarkable opportunity for expansion, adaptable for additional retail space, office use, or other suitable purposes. This versatile property benefits from its proximity to established businesses such as Charlie's Pizza, McNally's, Active Spine, and Faini, ensuring high visibility and foot traffic. The property is classified as Retail, Office, and Special Purpose, with subtypes including Traditional Office, Executive Office, Coworking, Medical Office, and Creative Office.

    Property Features for 6205 Old Village Pl

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,040 SF
    Class
    A
    Total Rate
    38573.33

    Unit(s) available at that property

    Space
    Size
    4,029 SF
    Rate per SF
    $22

    HighLights

    • For Lease
    • Located at 69th & Western, Old Village Place at Heather Ridge, Sioux Falls, SD
    • 4,029 square foot main floor retail space
    • 2,750 square foot unfinished lower level for expansion
    • $22/SF base rent ($7,386/month) + $8.34/SF NNN (main floor only) + utilities; lower level $3/SF gross ($687/month) for a total monthly cost of $10,875
    • Ample parking and high traffic count in Class A retail development
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

    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
    -96.746469063285
    Latitude
    43.487951569998

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    FAQs

    What type of property is this?
    Office space - Class A Retail/Office, High Traffic Location
    Where is this office space located?
    The property is located at 6205 Old Village Pl 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: For Lease; Located at 69th & Western, Old Village Place at Heather Ridge, Sioux Falls, SD; 4,029 square foot main floor retail space
    Request Owner's contact information
    6205 Old Village Pl 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
    6205 Old Village Pl Sioux Falls, SD 57108
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