3400 49Th StSioux Falls, SD 57106

Property Details for 3400 49Th St

Year built

1988

Construction

FRAME

Lot size

1.88 AC

Property size (Sq ft)

18,669 SF

Zone code

FP;FP

Property type

Strip malls

Property subtype

Neighborhood centers

APN

57452

APU

57452

Description

This exceptional retail opportunity is located in the thriving Oxbow Village at 3400 W 49th St, Sioux Falls, SD 57106. The single-building property, constructed in 1988, offers a total of 18,331 square feet, with 9,498 square feet currently available for lease. The space is divisible into units ranging from a minimum of 1,040 square feet to a maximum contiguous space of 6,615 square feet. The property features four total suites and sits on a 1.88-acre lot, zoned C-2 Commercial in Minnehaha County. Benefit from excellent visibility and high traffic counts, with an average daily traffic count of 12,100 vehicles on 49th Street. Building and pylon signage opportunities are available. This prime location offers proximity to major retailers and amenities, including Sanford Clinic and Wellness Center, Empire Mall (with anchors such as Dick's Sporting Goods and JCPenney), Empire East (featuring Target, Kohl's, Bed Bath & Beyond), and Five Guys. Tenant improvement allowances are negotiable, making this an attractive option for businesses seeking a customizable space in a high-traffic area. This property presents a unique chance to establish or expand your business in a well-established and convenient location within Sioux Falls.

• CAP approach

  CAP return

  Valuation

  6%

  $4,238,578

  6.5%

  $3,912,534

  7%

  $3,633,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,401,222

  Geo Method

  $2,401,222

• Alternative Use

  Use

  Valuation

  Residential

  $3,300,368

  Hospitality

  $3,023,120

  Educational

  $2,515,200

  Medical

  $2,601,702

  Retail

  $3,912,534

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5082

Longitude

-96.7681

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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