3405 Cliff Ave Sioux Falls, SD 57105
- Retail properties
- 2,316 SF
- 0.92 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3405 Cliff Ave
- Year built
- 1985
- Lot size
- 0.92 lot acres
- Property size
- 2,316 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a prime 0.92-acre retail property in Sioux Falls, South Dakota, ideally situated at 3405 S Cliff Ave, 57105. The property, built in 1985, boasts a total of 4,800 square feet across two units within a single-story Class B building. Currently, occupancy sits at 50%, with one tenant, Spoke-n-Sport, leasing 2,484 square feet until August 31, 2026. The remaining 2,316 square feet is immediately available for occupancy, featuring a drive-through. This multi-tenant property is zoned C-2 Commercial and offers excellent visibility with building and monument signage opportunities facing the I-229/Cliff Avenue intersection. The location benefits from significant foot and vehicle traffic, enhanced by its proximity to the Greenway Recreation Bike Loop, Spencer Park, and Tuthill Park. Approximately 30 parking spaces are available. The property includes a deed restriction prohibiting c-stores, car washes, and gas stations. 2023 real estate taxes, payable in 2024, totaled $10,718.54. The asking price is $1,350,000, translating to a land value of $130.57 per square foot. This value-add investment presents a strong opportunity for owner-occupants seeking a high-traffic location in a thriving area with a dense residential population.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7123
- Latitude
- 43.5136
