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3401 W 85th St 1,200 - 12,000 SF of Retail Space Available in Sioux Falls, SD 57108
HIGHLIGHTS
- Flexible bay sizing in a proposed strip mall with drive-thru potential
- Right In/Right Out access off 85th; Right In/Right Out access off Louise
- The Exchange at 85th interchange is anticipated to draw 30,000 VPD once complete; anticipated completion of 12/2027
- Concept plan accounts for 150 parking spaces
- Traffic counts of 17,900 VPD along Louise Ave and 8,500 along 85th
- Supportive demographics with 4,876 housing units and a MHHI of $102,869 within a 1-mile radius
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-12,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 12,000 SF | Gross Leasable Area | 24,000 SF |
| Min. Divisible | 1,200 SF | Year Built | 2026 |
| Property Type | Retail | Construction Status | Proposed |
| Total Space Available | 12,000 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 24,000 SF |
| Year Built | 2026 |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Located at the intersection of Louise Avenue and 85th Street, this site attracts a wide audience, drawing in both residents and commuters from Tea, Harrisburg, and southern and central Sioux Falls. Just ~2 miles off the future Veterans Parkway, which is set to connect I-29 to I-90, preparing Sioux Falls for 2050 transportation needs. This site offers convenient access to I-29 and I-229.
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3401 W 85th St
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