2600 Louise AveSioux Falls, SD 57106

Property Details for 2600 Louise Ave

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

3.11 AC

Property size (Sq ft)

27,861 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

66920

APU

66920

Description

This exceptional 12,050-square-foot retail property, located at 2600 S Louise Ave in Sioux Falls, South Dakota, presents a compelling investment opportunity. Built in 2001, this single-story center boasts a highly desirable location in a bustling commercial corridor, offering excellent visibility and accessibility. The property is zoned C-4 Commercial, allowing for a variety of uses within the entertainment, health & fitness, hospitality, and grocery sectors. The building features ample parking with 256 spaces, ensuring convenience for customers and employees. Its strategic position along S Louise Avenue provides direct access to 41st Street, one of Sioux Falls' busiest thoroughfares, guaranteeing high traffic volume and significant exposure. The property's convenient location offers easy access to Interstate 29, further enhancing its appeal to a wide range of businesses and customers. The multiple tenancy setup provides flexibility for diverse business models. This established strip mall represents a rare opportunity to acquire a well-situated retail center in a thriving South Dakota market. The property is situated in Minnehaha County, with a zip code of 57106. This is an ideal location for businesses seeking high visibility and strong customer traffic in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,325,514

  6.5%

  $5,838,936

  7%

  $5,421,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,583,504

  Geo Method

  $3,583,504

• Alternative Use

  Use

  Valuation

  Residential

  $4,925,362

  Hospitality

  $4,511,604

  Educational

  $3,753,602

  Medical

  $3,882,694

  Retail

  $5,838,936

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5227

Longitude

-96.7719

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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