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Meadows Square Investment 3801 W 34th St 34,750 SF 86% Leased Retail Building Sioux Falls, SD 57106 $7,646,402 CAD ($220.04 CAD/SF) 7.48% Cap Rate

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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 7.52% 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
$7,646,402 CAD
Price Per SF
$220.04 CAD
Cap Rate
7.48%
NOI
$571,726 CAD
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)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Salon Mia currently has 3 retail locations and customers visit us not only from the nearby 4-state are, but from all over the U.S! They love our curated professional products, and we want to make it easy for them to purchase without having to travel great distances for beautiful hair!

  • Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Services - $9.99 Lorem Ipsum Jan 0000
Services - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 104
  • 1,617 SF
  • Retail
  • In-Line
  • Now
  • 109
  • 2,151 SF
  • Retail
  • In-Line
  • Now

• Warm shell space available for build-out requests • Common area includes restrooms and a maintenance storage area • Shared vestibule with Balanced Life Chiropractic

  • 137
  • 1,180 SF
  • Retail
  • End Cap
  • Now

• Flexible retail/office floor plan; open space with an office and break room • Common area includes restrooms and a maintenance storage area

Space Size Space Use Position Available
104 1,617 SF Retail In-Line Now
109 2,151 SF Retail In-Line Now
137 1,180 SF Retail End Cap Now

104

Size
1,617 SF
Space Use
Retail
Position
In-Line
Available
Now

109

Size
2,151 SF
Space Use
Retail
Position
In-Line
Available
Now

137

Size
1,180 SF
Space Use
Retail
Position
End Cap
Available
Now

104

Size 1,617 SF
Space Use Retail
Position In-Line
Available Now

109

Size 2,151 SF
Space Use Retail
Position In-Line
Available Now

• Warm shell space available for build-out requests • Common area includes restrooms and a maintenance storage area • Shared vestibule with Balanced Life Chiropractic

137

Size 1,180 SF
Space Use Retail
Position End Cap
Available Now

• Flexible retail/office floor plan; open space with an office and break room • Common area includes restrooms and a maintenance storage area

Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Natural Grocers
Huntington Bank
Chevys Fresh Mex
Buffalo Wild Wings
Granite City Food &  Brewery
Outback Steakhouse
Red Lobster
Starbucks
Chili's Grill & Bar
Johnny Carino's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
58964
Land Assessment
$2,211,117 CAD
Improvements Assessment
$3,402,408 CAD
Total Assessment
$5,613,525 CAD
  • Listing ID: 37186719

  • Date on Market: 2025-08-08

  • Last Updated:

  • Address: 3801 W 34th St, Sioux Falls, SD 57106

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