April 26, 2023

This paid Site Spotlight is sponsored by Van Buskirk Cos.

A rare opportunity to own a retail center in the heart of West 41 Street is available.

Park Place, which includes two retail buildings, is for sale at 3101 and 3109 W. 41st St. The buildings are 30,752 and 35,848 square feet.

“This is irreplaceable real estate,” said Ryan Tysdal of Van Buskirk Cos., who has the property co-listed with Autumn Kaufhold. “The occupancy is incredibly strong here, both currently and historically, driven by outstanding co-tenancy and unparalleled traffic counts.”

Located directly east of The Empire Mall and across from O’Gorman High School, the property includes two mixed-use buildings and storage units on 4.26 acres.

“The value of being located on one of the busiest streets in the state can’t be overestimated,” Tysdal said. “This center experiences more than 26,000 vehicles daily, giving instant visibility to tenants and accounting for the long-term success that many have experienced here.”

Nearby co-tenants include Target, Walmart, Starbucks and Karl’s TV & Appliance.

“Factor in adjacent traffic drivers such as Olive Garden and core tenants such as Plato’s Closet and Stensland Family Farms and it’s easy to see why rare vacancies in this center tend to fill very quickly – as evidenced by the recently announced new location for Jacky’s restaurant,” Tysdal said.

“It’s an outstanding investment that will pivot with the retail industry because of the strong fundamentals of this site.”

This property is listed for $8 million with a 7.3 percent CAP rate. For information on this listing, click here or contact Ryan Tysdal at 605-376-0127 or [email protected] or Autumn Kaufhold at 605-351-5512 or [email protected].