Tre Lounge

601 W. 33rd Street Sioux Falls, SD

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Lease Rate: $10,000/ month NNN

Sale Price: $1,275,000

Building Size: 7,314 sq. ft.

Total Available Space: 7,314 sq. ft.

Suite Size: 7,314 sq. ft.

Property Type: Retail | Other

Year Built: 1983

Property Description

Property Features

  • Building size: 7,314 sq. ft.
  • 4,144 sq. ft. lower level includes private offices, locker rooms, kitchen/food prep area, storage & a 24’ X 50’ banquet room
  • Lot size: 51,351 sq. ft.
  • Year built: 1983, remodeled 2005
  • Approximately 1,360 sq. ft. concrete patio
  • Building & monument signage
  • Parking: 54 spaces
  • Space can be divided for multiple tenants

Pricing

  • Price reduced: $1,275,000 ($174.32/sq. ft.)
  • Lease rate: $10,000/ month NNN
  • Estimated NNN expenses: $5.50/ sq. ft.
  • All FF&E included in sale
  • 2019 Real Estate Taxes: $28,668.40
  • Cap rate: 9%

Location

  • Located on the southwest corner of 33rd Street and Spring Avenue
  • Area neighbors include: Breadsmith, Bagel Boy, US Bank, Re/Max Professionals, Suburban Lanes, Golden Bowl Chinese Restaurant, Juice Stop

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile