Listed by NAI Sioux Falls
$6,600,000
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
Listed by NAI Sioux Falls
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?





















