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    1216 57Th St Sioux Falls, SD 57108

    Sponsored
    For Lease
    $18 SF/Yr ($9,300 /Mo)

    High-traffic retail space available.

    Lot size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity is located within the Oak Ridge Plaza, a vibrant commercial center situated at the highly visible corner of 57th Street and Cliff Avenue in Minnehaha County. The property offers a total of 6,200 square feet, divided into four suites. Currently, 1,383 square feet of retail space is available for lease, presenting a fantastic chance for a new business to establish itself in a thriving location. The plaza boasts excellent visibility due to its position on a signalized intersection, experiencing a combined daily traffic count of 30,200 vehicles. Ample parking is provided, with a ratio of one space per 265 square feet. Building and monument signage opportunities are available, ensuring maximum brand exposure. The space is adaptable, with tenant improvement allowances negotiable to suit individual business needs. This prime location benefits from a strong mix of established neighboring businesses, including Get N Go, Taco Johns, Papa Murphy's, Juice Stop, Breadsmith, Hy-Vee, First Interstate Bank, Walgreens, Burger King, Domino's Pizza, and Dacotah Bank, creating a synergistic environment and high foot traffic. This is an ideal space for a business seeking high visibility and a strong customer base in a well-established commercial area.

    Property Features for 1216 57Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,200 SF
    Total Rate
    9300

    Unit(s) available at that property

    Space
    Suite 1216
    Size
    1,383 SF
    Rate per SF
    $18

    HighLights

    • Retail space available in Oak Ridge Plaza, a multi‑tenant building totaling 6,200 square feet.
    • One 1,383 square foot suite is currently vacant.
    • Located at the highly visible corner of 57th Street and Cliff Avenue in Minnehaha County.
    • Building offers monument and building signage, and ample parking (1:265 ratio).
    • High traffic count of 30,200 vehicles daily at a signalized intersection.
    • Tenant improvements are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    9Round East Gym Fitness Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -96.7089565
    Latitude
    43.5009799

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space available.
    Where is this individual retail property located?
    The property is located at 1216 57Th St Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail space available in Oak Ridge Plaza, a multi-tenant building totaling 6,200 square feet.; One 1,383 square foot suite is currently vacant.; Located at the highly visible corner of 57th Street and Cliff Avenue in Minnehaha County.
    Request Owner's contact information
    1216 57Th St 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
    1216 57Th St Sioux Falls, SD 57108
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