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Greenway Mall 3500-3510 W 41st St 24,192 SF 82% Leased Retail Building Sioux Falls, SD 57106 $3,450,000 ($142.61/SF) 8.96% Cap Rate


Investment Highlights
- Tenants: Firehouse Subs, The Cell Phone Guy, Metro by T-Mobile, Chasing Clouds Vape, a beauty supply store, and DXL Big & Tall
- Daytime population of 17,697 and over 15,625 businesses with a 1-mile radius, making this a strategic and well-positioned asset
- Adjacent to O'Gorman High School (1,637 students; 2024-2025)
- Two vacant suites provide potential to draw a range of tenants, or an owner-occupant opportunity
- Neighboring tenants Walgreens, Chili's, Olive Garden, Target, FedEx, TJ Maxx, Starbucks, and so much more
- Contact Broker for a copy of the NDA
Executive Summary
Greenway Mall provides an investment opportunity near the intersection of 41st Street & Louise Avenue. The offering includes two vacant suites, available now, opening up potential for an owner-occupant investor to establish a presence while benefiting from existing income. Current tenants include Firehouse Subs, The Cell Phone Guy, Metro by T-Mobile, Chasing Clouds Vape, a beauty supply store, and DXL Big & Tall. Greenway Mall is positioned within a low-vacancy retail corridor surrounded by national anchors such as Target, Barnes and Noble, and Chick-fil-A.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
24,192 SF
Building Class
C
Year Built
1985
Price
$3,450,000
Price Per SF
$142.61
Cap Rate
8.96%
NOI
$309,120
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.46 AC
Zoning
C-4 - General Commercial
Parking
60 Spaces (2.4 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Enclosed Mall
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Floor plan offers a large open area with restrooms and a private room • Shared rear entrance and utility room with suite 3508-100; potential to lease both suites • Available now
Suite 100 is an interior bay with a sales floor and storage areas
| Space | Size | Space Use | Position | Available |
| 3508 | 2,346 SF | Retail | In-Line | Now |
| 3508 - 100 | 2,014 SF | Retail | - | Now |
3508
| Size |
| 2,346 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3508 - 100
| Size |
| 2,014 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3508
| Size | 2,346 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
• Floor plan offers a large open area with restrooms and a private room • Shared rear entrance and utility room with suite 3508-100; potential to lease both suites • Available now
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3508 - 100
| Size | 2,014 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suite 100 is an interior bay with a sales floor and storage areas
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,743,900 | |
| Land Assessment | $992,500 | Total Assessment | $2,736,400 |
Property Taxes
Parcel Numbers
Land Assessment
$992,500
Improvements Assessment
$1,743,900
Total Assessment
$2,736,400
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Greenway Mall | 3500-3510 W 41st St
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