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3502-3510 W 41st St
Sioux Falls, SD 57106
Greenway Mall · Retail Property For Sale
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
Property Subtype
Storefront
Building Size
24,979 SF
Building Class
C
Year Built
1985
Price
$3,950,000
Price Per SF
$158.13
Cap Rate
7.76%
NOI
$306,520
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.47 AC
Zoning
Commercial - RE3 - parking-oriented retail employment
Parking
60 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
300’ on 41st Street Sioux Falls
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Enclosed Mall
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 56093 | Improvements Assessment | $1,406,500 |
| Land Assessment | $693,800 | Total Assessment | $2,100,300 |
PROPERTY TAXES
Parcel Number
56093
Land Assessment
$693,800
Improvements Assessment
$1,406,500
Total Assessment
$2,100,300
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MATTERPORT 3D EXTERIOR
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