5001 Western AveSioux Falls, SD 57108

  • Commercial real estate
  • 1.38 AC
For Lease
$22/SF/YR View listing

Property Details for 5001 Western Ave

Lot size
1.38 AC
Zone code
MUNICIPALITY
Property type
Commercial real estate
APN
281.30.05.002
APU
2813005002

Description

This exceptional Class A restaurant and sports bar, located at 5001 S Western Ave, Sioux Falls, SD 57108, presents a unique investment opportunity. Built in 2005, this single-tenant property boasts a substantial 9,206 square feet on a 1.386-acre lot (60,374 sq ft). The property features a fully equipped kitchen, a well-appointed bar, and ample dining space capable of seating 350 people indoors. Outdoor seating on the expansive patio can accommodate over 150 additional guests. Further enhancing its versatility, the property includes a private casino room complete with a bar and fireplace, and a flexible conference/party room. The building is served by 1,600 Amp 3-phase power. Its prime location on the south side of Sioux Falls, conveniently situated off I-229 Western exit, ensures high visibility and accessibility. This turnkey operation is ideal for an established business seeking expansion or a new venture looking for a ready-made, high-capacity venue. The property is available for both sale and lease, offering flexibility to prospective buyers and tenants. Lincoln County location provides access to a strong local market. This is a rare opportunity to acquire a well-established and profitable business in a high-growth area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,657,668
    Hospitality
    $9,762,367
    Educational
    $8,122,174
    Medical
    $8,401,508
    Retail
    $12,634,494

Location Insight

City
Sioux Falls
County
Lincoln
State
South Dakota
Latitude
43.4997
Longitude
-96.7485
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
2023
$33,536
$348,556
$1,611,139
$1,959,695
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