2400 Marion RdSioux Falls, SD 57106

Property Details for 2400 Marion Rd

Year built

2016

Construction

FRAME

Lot size

1.15 AC

Property size (Sq ft)

13,300 SF

Zone code

FP;FP

Property type

Retail properties

Property subtype

Strip malls

APN

89236

APU

89236

Description

This exceptional 1,895 square foot retail space is located within the thriving Lake Lorraine Lifestyle Center in Sioux Falls, South Dakota. Situated on Marion Road, this newly constructed building, developed by Van Buskirk Company, offers a single-tenant occupancy in a rapidly expanding mixed-use development. Lake Lorraine boasts a diverse mix of national and local businesses, creating a vibrant and high-traffic environment. The property benefits from excellent visibility and accessibility, situated in a convenient neighborhood strip center. Surrounding businesses include a variety of retail, dining, medical, and fitness establishments, ensuring a strong customer base and high foot traffic. Neighbors include well-established businesses such as The Sandbar & Grill, Mainstream Boutique, Westside Chiropractic Services, Sanford Eye Clinic, HyVee, Avera Health, Anytime Fitness, Pahl's Designer Showrooms, and Love Marlow Boutique, among others. This location provides unparalleled access to a large and growing residential population, making it an ideal opportunity for a variety of retail businesses seeking a prime location in a thriving community. The property is perfect for a business looking to establish a strong presence in a high-growth area with significant consumer traffic. This is a rare opportunity to secure a space in one of South Dakota's fastest-growing mixed-use developments.

• CAP approach

  CAP return

  Valuation

  6%

  $3,019,630

  6.5%

  $2,787,351

  7%

  $2,588,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,710,657

  Geo Method

  $1,710,657

• Alternative Use

  Use

  Valuation

  Residential

  $2,351,234

  Hospitality

  $2,153,718

  Educational

  $1,791,868

  Medical

  $1,853,493

  Retail

  $2,787,351

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.523

Longitude

-96.7903

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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