Historic Office Building with
335 N Main Ave Sioux Falls, SD 57104
335 N Main Ave, Sioux Falls, SD, 57104
$2,600,000
For Sale
$2,600,000
COMMERCIAL - Sioux Falls, SD
Property Size14,368 SF
Lot Size0.44 Acres
Price / SF$180.96
Days on Market98
Property Features for 335 N Main Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RE6
- Security features
- Security Lighting
- Standard status
- Active
- APN
- 43001
- Size
- 14,368 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Description
- Lots 16A, 17 and Lot 18 Block 12 J L Phillips Addition to the City of Sioux Falls
- Tax Annual Amount
- 21074
Utilities
- Utilities
- Water Available
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1892
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Carpet, Wood, Concrete, Tile
- Roof type
- Rubber
Listing agency
Bridges Real Estate
(605) 271-1818
Listed by
Kevin Kuiper
(605) 271-1818
Added: Apr 16 Updated: Jul 21 at 1:28AM Checked: Jul 22 at 2:06AM
MLS# 22602650
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1892 and designed by famed architect Dow Wallace, this historic office building offers a mix of professional office space and distinctive interior character. The main level features original hardwood floors in oak, pine, maple, and cherry, along with soaring fourteen-foot ceilings. The upper two levels are currently set up as professional offices, while the basement includes approximately 1,300 square feet of finished space with garden-level windows for natural lighting. The main floor is also configured as a portrait studio, which could support an owner-occupied use.
The property sits on a large lot with a treed court area and includes 30 off-street parking spaces. An elevator located on the south side of the building provides access to the second and third floors.
Zoned RE6, the building presents a prepared, multi-level layout with elevator service and on-site parking for tenant and visitor convenience.
The property sits on a large lot with a treed court area and includes 30 off-street parking spaces. An elevator located on the south side of the building provides access to the second and third floors.
Zoned RE6, the building presents a prepared, multi-level layout with elevator service and on-site parking for tenant and visitor convenience.
Key Highlights
- Historic building built in 1892 by architect Dow Wallace
- 14‑ft ceilings on the main level and original hardwood floors (oak, pine, maple, and cherry)
- Basement has approx. 1,300 SF finished with garden‑level windows for natural light
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $301.7k | $21.00 |
| − Vacancy | −$45.3k | −$3.15 |
| EGI | $256.5k | $17.85 |
| − OpEx | −$64.1k | −$4.46 |
| NOI | $192.4k | $13.39 |
14,368 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.75M
$2.40M – $3.21M
NOI $192,352 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $273,107 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
East River Legal ...
Law Firm
Evans Portraits
Photography Service
D. Sonny Walter, ...
Law Firm
Lotus Legal Services, ...
Law Firm
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FAQs
What type of property is this?
Office building - Historic office building built in 1892 with original hardwood floors, elevator access, and 30 off-street parking spaces.
Where is this office building located?
The property is located at 335 N Main Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Historic building built in 1892 by architect Dow Wallace; 14‑ft ceilings on the main level and original hardwood floors (oak, pine, maple, and cherry); Basement has approx. 1,300 SF finished with garden‑level windows for natural light
