2542 Lorraine Pl Sioux Falls, SD 57106
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 2542 Lorraine Pl
- Property type
- Retail properties
Description
This exceptional retail opportunity is located in the vibrant Lake Lorraine development in Sioux Falls, South Dakota. The property boasts a highly visible location with direct frontage on Interstate 29, ensuring maximum exposure to a large volume of traffic. Available spaces range from 1,500 to 10,605 square feet, offering flexibility for various retail concepts. The spaces are situated between well-established national retailers, Hobby Lobby and Dave & Buster's, creating a synergistic environment and attracting a substantial customer base. The lease rate is $23.50 per square foot, with an estimated Net, Net, Net (NNN) expense of $6.00 per square foot. To further incentivize tenant occupancy, the landlord is offering a generous tenant improvement allowance of $25 per square foot. This is a rare chance to secure a prime retail space in one of Sioux Falls' most sought-after commercial developments. The property is located at 2542 S Lorraine Pl, Sioux Falls, SD 57106, in Minnehaha County. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The property is categorized as multiple tenancy retail shop space.
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
- -96.7829
- Latitude
- 43.5216
