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Property profile & analytics
OFF-MARKET Estimated value $16,215,000
Retail properties & Spaces

2101 41st St Ste 25a Sioux Falls, SD 57105-6195

106,064 SF 35.38 ac lot Built 2001
Individually Owned Absentee Owner Free & Clear
Property ID
US79-0033796
Property summary
AI-generated overview

This exceptional office space, totaling 1,431 square feet, is situated within the vibrant Western Mall in Minnehaha County. Located on high-traffic 41st Street, this property boasts excellent visibility with building and pylon signage opportunities. The daily traffic count on 41st Street exceeds 17,500 vehicles, ensuring significant exposure for your business. The space is currently configured as a traditional office layout, featuring a welcoming reception area, twelve private offices, a dedicated conference room, a spacious training room, open work areas, and restrooms. This classic design provides a professional and functional environment for your team. The Western Mall offers a diverse range of established tenants, including Scheels, Best Buy, West Mall 7 Theatres, 605 NINJA, South Dakota Furniture Mart, All Day Café, TapHouse 41, Miner Brewing Company, and Kids2College Furniture, creating a thriving retail environment and attracting a high volume of foot traffic. The entire Western Mall complex encompasses 360,262 square feet on a 26-acre lot, built in 1968. Currently, there is 6,321 square feet of vacant space within the larger complex. Tenant improvements are negotiable, allowing for customization to meet your specific business needs. This is a rare opportunity to secure a prominent office space in a high-demand location with strong existing tenancy. The property offers a blend of established businesses and high visibility, making it an ideal location for a variety of businesses.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 106,064 SF
Lot 35.38 ac (1,541,153 SF)
APN 74295
UPID US79-0033796
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
  • Nothing Bundt Cakes Bakery Specialty Food Shop
  • Midwest Gold-Silver Coin Shop (Bike/Boat/Book/etc) Store
  • Geek Squad Computer & Electronic Repair Tech Support Center
  • Electric Rainbow Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Edward Jones - Financial Advisor: Samuel Feldman, AAMS® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$18.92M
Comparable Approach Comparable
$14.86M
Blend (final) Blend
$16.22M
Owner & transaction history
ALL SPORTS SCHEELS
ALL SPORTS SCHEELS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $12.4M +28.3%
Auto repair, garage $9.9M +3.1%
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