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Historic Office Suite
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114 S Main Ave, Sioux Falls, SD 57104

Second-floor workspace combines exposed brick, concrete flooring, and access to an updated main lobby.

Space Size2,467 SF
Days on Market54

Property Features for 114 S Main Ave

General Information

Standard status Active
Size 2,467 SF
Net Rentable 2,467 SF
Property subtype OFFICE
Lease Type Gross

Space & Availability

Available Space 2,467 SF
Contiguous Space 2,467 SF
Floor 2
Space Use Office
Sublease Yes

Amenities

City parking ramp
New main lobby

Building Details

Year Built 1941

Spaces For Lease

at 114 S Main Ave
Gas Co. Building $23.50/SF/Yr
Floor 2
Size 2,467 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE, Now
Sublease Yes
- 2nd Floor: Suite 220 - 2,467 RSF | 1,995 USF - Sublease through 9/30/2028 - Exposed brick and concrete flooring - Office space in historic Gas Company Building - Year built: 1941 by Sioux Falls Construction Company and designed by Harold Spitznagel - City parking ramp located adjacent to building (350+ spaces) - New main lobby
Contact us
Listing Agency: NAI | Sioux Falls
Listed By: Gregg Brown, SIOR
Source: Moodyscre
Added: Aug 25 Changed: Oct 16 Last Checked: Oct 16 at 11:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls

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Investment Insights

Based on property information with market context.

Suite 220 occupies the second floor of the historic Gas Company Building at 114 S Main Ave in Sioux Falls. The premises contain 2,467 RSF and 1,995 USF, with exposed brick and concrete flooring providing a distinctive interior character. The building dates to 1941 and includes a recently updated main lobby.

The space is offered on a sublease extending through 9/30/2028. A city parking ramp directly adjacent to the building provides access to 350+ spaces, adding convenient parking for occupants and visitors.

Key Highlights

  • Suite 220 offers 2,467 RSF and 1,995 USF on the second floor
  • Sublease term runs through 9/30/2028
  • Exposed brick and concrete flooring

Property Analytics

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Current Use

ReviveVital Testosterone Replacement ... Medical Clinic Lutheran Social Services ... Association Or Organization The Dakota Scout Publishing House 4Front Studios Film Production McGough Construction Company

Suggested Use

Top Pick Dental Office Skin Care Clinic Carpet & Flooring Store Acupuncture Locksmith Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.53 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,639
Businesses Nearby

Demographics for 57104, SD

26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Sioux Falls, SD

$15.14 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
3,622 SF
Avg Space Size

This space is priced 55% above the average of $15.14 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office units - Second-floor workspace combines exposed brick, concrete flooring, and access to an updated main lobby.
Where is this office units located?
The property is located at 114 S Main Ave Sioux Falls, SD.
What is the lease rate?
The lease rate is $23.50 SF/Yr.
What are key features of this property?
This property features: Suite 220 offers 2,467 RSF and 1,995 USF on the second floor; Sublease term runs through 9/30/2028; Exposed brick and concrete flooring
(605) 306-2519 Call to check price and availability
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