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The Shoppes at 57th | Retail Investment
3601 W. 57th Street, Sioux Falls, SD 57108
Map ViewSatellite ViewInvestment Opportunity
Sale Price
$3,960,000
Gross Building Area (GBA)
15,924 SF +/-
Vacant Square Footage
3,154 SF +/-
Vacancy Rate
5.00%
Proforma Cap Rate
7.37%
Proforma NOI
$291,735
Location Highlights
The Shoppes at 57th offers a retail investment opportunity at the prominent 57th Street and Louise Avenue intersection in Sioux Falls, SD. This retail investment opportunity is surrounded by an established mix of retail, restaurants, offices and residential development, with convenient access to I-29 and I-229 and major shopping destinations including The Empire Mall and Empire Place.
Description
The offering includes three retail condominium units within The Shoppes at 57th Street Condominium Project. The property features an established mix of restaurant, service, medical and retail tenants, providing diversified income within one of Sioux Falls’ established commercial corridors.
- Tenants: Wingstop, Healing Touch Massage, Power Plate Meals, Advanced Dental, The Honey Baked Ham Co., and Sixth Dimension Tattoo (coming soon)
- One vacant suite in shell condition provide potential to draw a range of tenants, or an owner-occupant opportunity
- 101 shared surface parking stalls, based on overall condo project site
- Overall condo project site size: 1.93 Acres +/-
- Surrounded by a healthy mix of retail, office, and residential developments
- Daytime population of 20,532 and over 1,040 businesses with a 1-mile radius, making this a strategic and well-positioned asset
- Neighboring tenants include Taco John’s, Panera Bread, Juice Stop, barre3, Pomegranate Market, Tokyo, The Tavern Grill, and much more
- Contact Broker for NDA and additional investment information
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