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    300 S Reid St Sioux Falls, SD 57103

    For Lease
    $23 SF/Yr

    Versatile office space in downtown Sioux Falls with river views.

    Property size:
    14,358 SF
    Lot size:
    6.72 Acres

    Property Features for 300 S Reid St

    General Information

    Size
    14,358 SF
    Lot size
    6.72 Acres

    Source: Bender Commercial Agent Dustin Haber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Sioux Falls Office Space

    Located on the 2nd floor of Cherapa Place on the East Bank of downtown Sioux Falls, this versatile office space features an open work area with nine perimeter offices, two conference rooms, a break room, and a work room. Large windows offer views of the river. Common area restrooms are available. Surface parking is available, including conditioned parking. The property provides access to the River Walk and bike path. Building tenants include CorTrust Bank, One American Bank, RAS, Marsh McLennan Agency, Ode to Food, and 605 Magazine. The property has a size of 14358 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.72225
    Latitude
    43.5467392

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    FAQs

    What type of property is this?
    Office space - Versatile office space in downtown Sioux Falls with river views.
    Where is this office space located?
    The property is located at 300 S Reid St Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Cherapa Place on the East Bank of downtown Sioux Falls.; - Versatile office space with open work area, nine perimeter offices, two conference rooms, break room, and work room.; - **Beautiful river views with large windows.**
    (605) 376-5890
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 S Reid St Sioux Falls, SD 57103
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