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3801 W 34th St
Sioux Falls, SD 57106
Meadows Square Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Anchored by Michael’s Crafts since 1996; 86.1% occupied (7 of 10 tenants leased)
- Within the Meadows on the River development (14M annual visits)
- 207 shared surface parking stalls
- Other tenants include GameStop, Pho Thai, Salon Mia, CosmoProf, Ivan's Tattoo Studio, and Balanced Life Chiropractic
- Supportive traffic counts: 20,241 VPD (Louise Ave), 22,747 VPD (41st Street), and 59,780 VPD (I-29)
- Contact Broker for rent roll & financials
EXECUTIVE SUMMARY
Meadows Square is a 35,591 SF retail center located in the Meadows on the River development, one of Sioux Falls’ most established and high-traffic retail destinations. Anchored by Michael’s Crafts since 1996, the center is 86.1% occupied with a healthy mix of national and local tenants, including GameStop, CosmoProf, and Pho Thai. The property benefits from exceptional visibility, strong traffic counts, and proximity to retail powerhouses like Walmart, Sam’s Club, The Home Depot, Menards, and The Empire Mall. With a proforma cap rate of 8.35% and a stable rent roll, Meadows Square offers both steady income and long-term value in a thriving metro. 4,948 SF vacant, split between three suites. Opportunity to bring in new tenants or establish your business here.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
34,750 SF
Building Class
C
Year Built
1996
Price
$5,000,000
Price Per SF
$143.88
Cap Rate
8.35%
NOI
$417,584
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.41 AC
Zoning
C-4 - Regional Commercial District
Parking
207 Spaces (5.96 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 58964 | Improvements Assessment | $2,468,500 |
| Land Assessment | $1,604,200 | Total Assessment | $4,072,700 |
PROPERTY TAXES
Parcel Number
58964
Land Assessment
$1,604,200
Improvements Assessment
$2,468,500
Total Assessment
$4,072,700
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