Property profile

5005 Louise Ave Sioux Falls, SD 57108

OFF-MARKET
Neighborhood centers
48,900 SF 4.76 ac lot Built 2006
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

5005 Louise Ave Sioux Falls, SD 57108
Sioux Falls metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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