Historic Brick Flex Industrial
114 S Reid St, Sioux Falls, SD 57103
For Lease
Contact for pricing
Stand-alone 1910 building with 2-foot thick brick exterior walls and a second floor for potential retail or office space.
Space Size3,109 SF
Days on Market810
Property Features for 114 S Reid St
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Building Details
Year Built
Stories
Construction
Spaces For Lease
at 114 S Reid St
114 S Reid St
$19.30/SF/Yr
Floor
Bldg
Size
3,109 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
-Exciting opportunity to buy or lease a stand-alone building just south of 8th & Railroad and
the Lumber Exchange Building.
-Originally constructed as a locomotive boiler repair facility in 1910, with impressive 2' thick
brick exterior walls.
-Unique location and shell design allow for a variety of potential uses and redevelopment.
-There is currently a 2nd floor (not included in SF), potential for living space or retail/office
with exceptional side wall height.
-Landlord may provide a negotiable build-out allowance.
-Just west of planned railyard site development and south of announced Riverline District.
-Ownership group is open to redevelopment conversations.
Contact us
Listing Agency:
Bender Commercial
(605) 336-7600
Listed By:
Nick Gustafson · License SD #12071
(605) 201-2809
Source:
Moodyscre
Added: Aug 23, 2024
Changed: Oct 26
Last Checked: Nov 8 at 8:06AM
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 Bender Commercial
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Investment Insights
Based on property information with market context.
This stand-alone building was originally constructed in 1910 as a locomotive boiler repair facility and features 2-foot thick brick exterior walls. The existing shell includes a second floor (not included in the stated square footage) that may be suitable for living space or retail/office use, supported by exceptional side wall height.
The property is located just south of 8th & Railroad and the Lumber Exchange Building. It also sits just west of a planned railyard site development and south of the announced Riverline District.
The ownership group is open to redevelopment conversations, and the landlord may provide a negotiable build-out allowance, depending on the proposed use and scope.
The property is located just south of 8th & Railroad and the Lumber Exchange Building. It also sits just west of a planned railyard site development and south of the announced Riverline District.
The ownership group is open to redevelopment conversations, and the landlord may provide a negotiable build-out allowance, depending on the proposed use and scope.
Key Highlights
- Stand‑alone building originally constructed as a locomotive boiler repair facility in 1910
- 2‑foot thick brick exterior walls
- Second floor available for potential retail or office use (not included in stated SF)
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,684
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Sioux Falls, SD
$8.66 /SF/Yr
Avg Asking Price
$7–$11.4 /SF/Yr
Price Range
13,203 SF
Avg Space Size
This space is priced 123% above the average of $8.66 /SF/Yr.
Properties on Market for Flex space in Sioux Falls
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Myers' Elite Catering — 221 S Phillips Ave, Sioux Falls, SD 57104
- Vespa Catering — 322 E 8th St, Sioux Falls, SD 57103
- En Place Catering — 818 E 8th St Ste 3, Sioux Falls, SD 57103
- CBM Correctional Food Services — 500 N Minnesota Ave, Sioux Falls, SD 57104
Frequently Asked Questions
What type of property is this?
Flex space - Stand-alone 1910 building with 2-foot thick brick exterior walls and a second floor for potential retail or office space.
Where is this flex space located?
The property is located at 114 S Reid St Sioux Falls, SD.
What is the lease rate?
The lease rate is $19.30 SF/Yr.
What are key features of this property?
This property features: Stand‑alone building originally constructed as a locomotive boiler repair facility in 1910; 2‑foot thick brick exterior walls; Second floor available for potential retail or office use (not included in stated SF)
