Property profile

2310 41st St Sioux Falls, SD 57105

OFF-MARKET
Strip malls
Property ID
US79-0041393
10,792 SF 0.91 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant office space, located at 2310 W 41st St, Sioux Falls, SD 57105, offers 2,700 square feet of versatile commercial space. Ideally situated near the intersection of 41st Street and Western Avenue, this property boasts high visibility and convenient access. The interior features a spacious, open reception area perfect for welcoming clients, six private offices providing ample room for individual work or team collaboration, and two convenient in-suite restrooms. Two additional storage rooms offer valuable space for supplies or archives. The property is an end-cap unit, adjacent to the Inca Restaurant, benefiting from increased foot traffic and brand recognition. This is a fantastic opportunity for businesses seeking a well-appointed, easily accessible office space in a thriving Sioux Falls location. The property is offered as a gross lease, with utilities paid separately by the tenant. The property type is classified as both Office and Retail, making it suitable for a variety of commercial uses. The building is a traditional office style. The latitude and longitude coordinates are 43.5153342 and -96.754334 respectively. This space presents a compelling opportunity for growth and success.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 10,792 SF
Lot 0.91 ac (39,849 SF)
Zoning code C2;GENERAL COMMERCIAL
APN 42595
UPID US79-0041393

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
  • Federal Courthouse
  • Insurance Agency
  • Grocery & Convenience Store Specialty Food Shop
  • Hotel & Motel Resort
  • Hair Salon Nail Salon

Location

2310 41st St Sioux Falls, SD 57105-6139
Sioux Falls metro Census 1200 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$590k

Owner & transaction history

Zoning & alternative use

C2;GENERAL COMMERCIAL · Sioux Falls, SD
Top alternative use upside
Office building $955,000 +53.7%
Retail stores $950,000 +53.1%
Restaurant $900,000 +45.2%

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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