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29334402
29334400

1600 S Western Ave, Sioux Falls, SD 57105

MM
SD SD 16008
NAI Sioux Falls
TF
IA B44059000, MN 20434083 (+3)
NAI Sioux Falls
RA
IA S43616000, MN 40470204 (+1)
NAI Sioux Falls
Listed by NAI Sioux Falls
$6,600,000
1772 days on market
Updated 38 days ago

Park Ridge Galleria

Details
Property Type Retail
Sub Type Strip Center
Square Footage 44,149
Tenancy Single
Pro-Forma Cap Rate 7.00%
Price per SqFt $149
Class C
Year Built 1955
Acreage 2.610
Zoning C-3

Retail | 44,149 SqFt

Marketing description

Park Ridge Galleria is a well-established neighborhood retail and service center located at 1600 S. Western Avenue in Sioux Falls. Positioned along a key north– south corridor in the city’s mature southwest neighborhoods, the property benefits from strong local visibility, easy access, and a loyal customer base drawn from surrounding residential areas. The center encompasses approximately 41,800 square feet and is designed to support a mix of dining, retail, wellness, and professional service uses.

Today, the Galleria is anchored by Grille 26, a well-known local restaurant occupying more than 10,000 square feet, and complemented by a diverse lineup of specialty tenants including Hobby Town, Barbara’s Needlepoint, Bloom, Pilates Center, and Midwest Eye Laboratories. This balanced tenant mix creates consistent daily traffic and reinforces the property’s role as a convenient neighborhood destination rather than a traditional big-box retail center.

The property has been maintained and updated through multiple renovation phases, most notably between 2008 and 2018, allowing it to remain functional and competitive while retaining its established character. While the majority of the space is currently leased, limited vacancies remain, offering opportunities for new businesses seeking a stable location within a proven retail environment. Recent leasing activity, including the addition of Liquor Falls in 2025, demonstrates continued interest in the center and highlights its ongoing relevance within the Sioux Falls market.

Overall, Park Ridge Galleria combines strong location fundamentals, an established tenant base, and long-term neighborhood integration, positioning it as a resilient and adaptable retail asset in Sioux Falls.

Located on the corner of S. Western Ave and W. 26th Street in central Sioux Falls. Area neighbors: Midco Aquatic Center, Park Ridge Gas N Pak, Spellerberg Park, and the VA Medical Center.

Retail Center High-traffic location on Western Avenue Paved, on-site parking Great neighborhood tenancy Stable presence in Central Sioux Falls

Investment highlights

  • Retail Center
  • High-traffic location on Western Avenue
  • Paved, on-site parking
  • Great neighborhood tenancy
  • Stable presence in Central Sioux Falls

Listing Contacts

MM
SD SD 16008
NAI Sioux Falls
TF
IA B44059000, MN 20434083 (+3)
NAI Sioux Falls
RA
IA S43616000, MN 40470204 (+1)
NAI Sioux Falls
Listed by NAI Sioux Falls

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Additional Information

Name
Michael Martin
License
SD 16008
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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