2310 41St StSioux Falls, SD 57105

Property Details for 2310 41St St

Year built

1989

Construction

TYPE NOT SPECIFIED

Lot size

0.91 AC

Property size (Sq ft)

10,792 SF

Zone code

C2;GENERAL COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

42595

APU

42595

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,450,183

  6.5%

  $2,261,708

  7%

  $2,100,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,388,076

  Geo Method

  $1,388,076

• Alternative Use

  Use

  Valuation

  Residential

  $1,907,835

  Hospitality

  $1,747,567

  Educational

  $1,453,955

  Medical

  $1,503,959

  Retail

  $2,261,708

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5154

Longitude

-96.7545

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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