5107 41St StSioux Falls, SD 57106

  • Strip malls
  • 7,807 SF
For Lease
$13.50/SF/YR View listing

Property Details for 5107 41St St

Year built
1989
Construction
FRAME
Lot size
0.91 AC
Property size (Sq ft)
7,807 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
55386
APU
55386

Description

This exceptional 1,900-square-foot commercial space, located at 5107 W 41st St, Sioux Falls, SD 57106, presents a unique investment opportunity. Built in 1989 and zoned C-4, the property offers versatile usage as retail, traditional office, executive office, coworking, medical office, or creative office space. Currently configured as a single-tenant space, the layout includes a spacious open retail showroom, perfect for showcasing products or services. Three private offices provide ample space for administrative tasks or individual work areas. A large back workroom offers additional storage or workspace flexibility. Two bathrooms ensure convenience for employees and clients. A rear service door provides easy access for deliveries and supplies. The property benefits from a high-traffic location on West 41st Street, with established neighboring businesses including Godfathers Pizza, Divergent Ink, and Complete Chiropractic, creating a vibrant and thriving commercial environment. This location offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses seeking a prominent presence in Sioux Falls. The property's adaptable layout and prime location make it an attractive option for businesses seeking a well-established space with significant potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,772,500
    6.5%
    $1,636,154
    7%
    $1,519,286
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,004,143
    Geo Method
    $1,004,143
  • Alternative Use

    Use
    Valuation
    Residential
    $1,380,157
    Hospitality
    $1,264,217
    Educational
    $1,051,814
    Medical
    $1,087,987
    Retail
    $1,636,154

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5143
Longitude
-96.7887
CBSA code
43620
CBSA name
SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,402
$286,100
$735,700
$1,021,800
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-
-
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FAQs

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