915 Marion RdSioux Falls, SD 57106

  • Strip malls
  • 7,920 SF
For Lease
$13.50/SF/YR View listing

Property Details for 915 Marion Rd

Year built
1994
Construction
FRAME
Lot size
0.90 AC
Property size (Sq ft)
7,920 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
62841
APU
62841

Description

This exceptional retail opportunity is located within the Marion Mall I shopping center in west Sioux Falls, South Dakota, situated along high-traffic Marion Road. The space, totaling 1,560 square feet, is an endcap unit offering excellent visibility and accessibility. The open floor plan is complemented by a private office and an in-suite restroom, providing both collaborative and private work areas. A significant advantage is the availability of a drive-thru, ideal for businesses requiring convenient customer access. The property boasts ample parking for customers and employees. The building underwent an exterior remodel in 2024, ensuring a modern and attractive storefront. High visibility is guaranteed with a daily traffic count of 15,000 vehicles on Marion Road. This location benefits from strong neighboring businesses, including Get N' Go, O'Reilly Auto Parts, Thirsty Duck Grill, Woody's Pub & Grill, and FitLife Gym, creating a synergistic retail environment. Building and pylon signage opportunities are available, enhancing marketing and brand visibility. The entire Marion Mall I complex encompasses 7,920 square feet on a 0.9-acre lot, built in 1994. This property presents a unique chance to establish or expand a business in a thriving commercial area of Sioux Falls, within Minnehaha County. The multiple tenancy structure offers a diverse and vibrant shopping experience.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,798,154
    6.5%
    $1,659,834
    7%
    $1,541,274
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,018,677
    Geo Method
    $1,018,677
  • Alternative Use

    Use
    Valuation
    Residential
    $1,400,132
    Hospitality
    $1,282,514
    Educational
    $1,067,036
    Medical
    $1,103,733
    Retail
    $1,659,834

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5389
Longitude
-96.7915
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
$15,594
$224,300
$585,300
$809,600
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-
-
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