Park Ridge Galleria

1600 South Western Avenue, Sioux Falls, SD, USA
Download Spec Sheet
  • Total Available Space: 41,795 sq. ft.
  • Building Size: 41,795 sq. ft.
  • Lot Size: 2.61 acres
  • Year Built: 1955
  • Sale Price: $6,800,000

Property Features

  • Mall: 24,969 sq. ft.
  • Upper/lower: 7,896 sq. ft
  • Grill 26: 8,930 sq. ft.
  • Total: 41,795 sq. ft.
  • Year built: 1955 & 1963
  • Lot size: 2.61 acres (113.690 sq. ft.)
  • Recent updates: See spec sheet
  • Strong anchor tenant
  • Below market rents, allowing for timely upside potential
  • Current tenants: 44 Interactive LLP, Pilates Center of SD, Midwest Eye Lab, Great Plains Structural, Awaken BodyTalk, Verizon, Western Barber, Park Ridge Shoe Repair, James Dugan, Inc., Prana, Bloom, Pickle Barrel, ApexInk, Volin’s Racquet, I Capelli Salon, Inc., Barbara’s Needlepoint, Gene’s Studio, Grille 26

Pricing

  • List price: $6,800,000
  • 2020 Real Estate Taxes: $77,306.86
  • Estimated NOI: $397,300
  • Cap Rate: 5.84%

Property Brokers