6701 41St StSioux Falls, SD 57106

  • Retail properties
  • 10,655 SF
For Lease
$15/SF/YR View listing

Property Details for 6701 41St St

Year built
1999
Construction
FRAME
Lot size
1.45 AC
Property size (Sq ft)
10,655 SF
Property type
Retail properties
Property subtype
Strip malls
APN
62493
APU
62493

Description

This exceptional commercial property, Sertoma Plaza, offers a 3,579 square foot vacant space ideal for a variety of office uses. Located at 6701 W 41st St, Sioux Falls, SD 57106, in Minnehaha County, this multi-tenant building boasts a highly desirable location with excellent visibility. The property features ample on-site parking, ensuring convenient access for employees and clients. Benefit from a strategic position along 41st Street, experiencing a substantial daily traffic count of 17,200 vehicles, guaranteeing high exposure for your business. This presents a unique opportunity to establish a strong presence in a thriving commercial area. The surrounding area is home to a diverse range of established businesses, including Get N' Go, Taco John's, Walgreens, First Premier Bank, Ace Hardware, Dollar General, Great Life, Year Round Brown, Gilberto's Mexican, Flyboy Donuts, and Roosevelt High School, creating a vibrant and convenient environment. One available space totals 2,340 square feet. The property is classified as Retail and Office, with a Traditional Office subtype. This is a multi-tenant building. Serious inquiries are encouraged to explore this outstanding opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,419,129
    6.5%
    $2,233,042
    7%
    $2,073,539
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,370,455
    Geo Method
    $1,370,455
  • Alternative Use

    Use
    Valuation
    Residential
    $1,883,655
    Hospitality
    $1,725,418
    Educational
    $1,435,527
    Medical
    $1,484,897
    Retail
    $2,233,042
6701 41St St, Sioux Falls, South Dakota

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5143
Longitude
-96.8093
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
$30,069
$394,900
$1,187,000
$1,581,900
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-
-
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