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    OFF-MARKET
    Neighborhood centers

    5005 Louise Ave, Sioux Falls, SD 57108

    48,900 SF 4.76 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    Village on Louise offers exceptional retail space in a thriving neighborhood center. This single-story, 48,900 square foot building, constructed in 2006, sits on a 4.76-acre lot and provides ample parking with 285 spaces (a 1:171 parking ratio). The property boasts excellent visibility and accessibility, situated near major thoroughfares including Louise Avenue, 57th Street, 41st Street, and I-29, with a combined daily traffic count of 43,300 vehicles. Units are available in sizes ranging from a minimum of 1,800 square feet to a maximum contiguous space of 2,376 square feet, making it suitable for a variety of retail businesses. Building and monument signage opportunities are available. The center enjoys a strong tenant mix, including established businesses such as Panera, Cherry Berry, Olive Destination, Year Round Brown, barre3, Great Clips, Marco's Pizza, Noodles & Company, Midco, and Royal Palace. A negotiable tenant improvement allowance is offered. This is a rare opportunity to secure retail space in a high-demand location with significant foot and vehicle traffic. The property's established tenant base and prime location make it an ideal investment for discerning businesses seeking strong visibility and a thriving community.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 2006
    Total area 48,900 SF
    Lot 4.76 ac (207,346 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Noodles and Company Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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