2101 41St StSioux Falls, SD 57105

Property Details for 2101 41St St

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

35.38 AC

Property size (Sq ft)

106,064 SF

Property type

Retail properties

APN

74295

APU

74295

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $24,080,452

  6.5%

  $22,228,110

  7%

  $20,640,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,642,037

  Geo Method

  $13,642,037

• Alternative Use

  Use

  Valuation

  Residential

  $18,750,242

  Hospitality

  $17,175,122

  Educational

  $14,289,499

  Medical

  $14,780,937

  Retail

  $22,228,110

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5132

Longitude

-96.754

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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