4101 41St StSioux Falls, SD 57106

Property Details for 4101 41St St

Year built

2020

Construction

FRAME

Lot size

6.80 AC

Property size (Sq ft)

2,318 SF

Zone code

FP;FP

Property type

Retail properties

Property subtype

Drive through restaurants

APN

46841

APU

46841

Description

This exceptional Class A retail strip center, Empire Place, presents a unique investment opportunity in Sioux Falls, South Dakota. Built in 2021, this seven-building complex sits on 7.02 acres of land and is zoned C-4 Regional Commercial (APN 46841). The property boasts a single-story design, offering 1,647 square feet of immediately available retail space within a thriving multiple-tenancy environment. Strategically located at 4101 W 41st St, Sioux Falls, SD 57106, Empire Place benefits from its high-traffic location off I-29, near the intersection of Louise Avenue and W. 41st Street, boasting the highest traffic counts in South Dakota. This prime location leverages the success of the nearby Empire Mall, South Dakota's most visited shopping mall (7.7 million annual visits), ensuring high visibility and foot traffic for tenants. The property's convenient access from the Interstate makes it easily accessible to both local and out-of-town customers. This is an unparalleled opportunity to establish a presence in one of Sioux Falls' newest and most successful shopping centers. The available space is ready for immediate occupancy. Detailed property information and lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $526,276

  6.5%

  $485,793

  7%

  $451,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $298,143

  Geo Method

  $298,143

• Alternative Use

  Use

  Valuation

  Residential

  $409,785

  Hospitality

  $375,361

  Educational

  $312,296

  Medical

  $323,036

  Retail

  $485,793

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5139

Longitude

-96.7756

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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