1120 10Th StSioux Falls, SD 57103

Property Details for 1120 10Th St

Year built

1955

Construction

TYPE NOT SPECIFIED

Lot size

0.40 AC

Property size (Sq ft)

1,596 SF

Property type

Retail space

APN

40476

APU

40476

Description

This exceptional 1,624-square-foot retail building presents a remarkable investment opportunity in Sioux Falls, South Dakota. Located on the highly visible northwest corner of East 10th Street and South Cliff Avenue, this property benefits from exceptional daily traffic counts: 20,200 vehicles on 10th Street and 14,600 on Cliff Avenue. Situated just half a mile east of downtown, the building offers convenient access and high visibility. Currently configured for pharmacy and general retail use, the space boasts a flexible layout previously occupied by a national pizza chain, making it ideal for a variety of retail or restaurant concepts. The single-story building sits on a spacious 17,464-square-foot lot. This prime location offers strong co-tenancy with established businesses including McDonald's, Burger King, Subway, Little Caesars, Lewis Drug, Drake Springs Family Aquatic Center, and more, ensuring high foot traffic and brand synergy. The asking price is $895,000, translating to $551.11 per square foot. This is a rare opportunity to acquire a well-positioned retail property in a thriving South Dakota market. Don't miss out on this chance to establish your business in a high-traffic, desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $362,344

  6.5%

  $334,472

  7%

  $310,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $205,279

  Geo Method

  $205,279

• Alternative Use

  Use

  Valuation

  Residential

  $282,140

  Hospitality

  $258,438

  Educational

  $215,018

  Medical

  $222,412

  Retail

  $334,472

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.547

Longitude

-96.7118

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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