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4501 E Arrowhead Pkwy $8,535,000

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4501 E Arrowhead Pkwy Sioux Falls, SD 57110

  • 15.04 Acres
  • Commercial
MLS# 21805091 | Active - Contingent Misc

$8,535,000

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Days On Market: 157 305 Views
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Property Details

SHOPKO PLAZA; SHOPKO PLAZA I & SHOPKO PLAZA II. This 100% lease commercial development is located at the SE corner of Arrowhead Pkwy & Sycamore Ave. Solid long term tenants of varying lengths many with renewal options. Includes two land leases to Shopko & Liberty Bank. Great tenant mix! All leases are NNN, with one exception. Most major components have been replaced including rubber roofs and HVAC systems. Very little deferred maintenance. This well managed development fronts on Arrowhead Pkwy with over a 20,800 traffic count per day. Additional land included for future expansion. Annual Gross revenue exceeds $625,000. Price calculated at a 7% CAP based upon currently NOI.

  • General Features
    • Year Built 1989
    • Addl Property Info None
    • Disability Access Ramped Entrance, Handicap Parking, Level Lot
    • Property Subtype Mixed Use
    • REO Bank Owned No
    • Sale Includes Buildings, Land, Other
    • Services Sanitation Sewer, Natural Gas, Curb/Gutter, Bus, City Water
    • Short Sale No
  • Building Features
    • Air Conditioning Central
    • Bath Type In Suite
    • Construction Masonry
    • Heat Central
    • Heat Source Natural Gas
    • Loading None
    • Roof Rubber
    • Safety Features Security System, Exterior Lighting, Security Lighting
    • Stories 1
  • Property Features
    • Access State Highway, City Street
    • Parking Capacity 50+
    • Road Surface Concrete, Asphalt
    • Zoning C-4

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Neighborhood

57110 (Sioux Falls) Demographics

35Median Age
766Population Density (per sq. mile)
43%College Educated
$68,819Estimated Median Income
3,986Estimated Total Home Owners
1,887Estimated Total Renters
68% / 32%Estimated Owner / Renter Divide
2Estimated Average Household Size
15,555Total Population

Market Last 30 Days

$0 Median Sales Price
0 Homes Sold
33 New On Market

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      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $8,535,000
      9/12/2018 10:03:35 AM Status Changed Source New Value: Active - Contingent Misc
      8/18/2018 4:03:28 AM Status Changed Source New Value: Active
      8/16/2018 4:04:00 PM New in Database Source

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