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    701-721 N Phillips Ave Sioux Falls, SD 57104

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    For Lease
    $21 SF/Yr ($1,625 /Mo)

    Retail or office space in a growing downtown area.

    Property size:
    907 SF
    Lot size:
    2.64 Acres

    Property Features for 701-721 N Phillips Ave

    General Information

    Size
    907 SF
    Lot size
    2.64 Acres

    Source: Lloyd Companies - Corporate Agent Wayne Huber

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

    Overview

    Retail Space in Uptown Development

    This retail space is located in the Uptown at Falls Park Development, offering an open floor plan suitable for a retail or office concept. Situated in one of downtown’s newest retail strips, the location provides immediate access to a customer base with 197 lofts built above the commercial space. The available space is between Capital First and Suite 150. Current retail tenants include Papa Woody’s, La Luna Cafe, Mary’s Mountain Cookies, Rose & Eugene Presents, Severance Brewing Co., and Candy Cloud. The property is across the street from Jacobson Plaza, which will include an ice ribbon and playground, and The Steel District, which includes a Canopy by Hilton hotel/convention center, office building and parking ramp, and retail spaces. Ample parking is available for commercial uses, including 22 surface spaces and 55 on-street parking spaces surrounding the Cascade. The space is 907 square feet and available for sublease through 09/24/2026.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office 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
    -96.7270853
    Latitude
    43.5553432

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    FAQs

    What type of property is this?
    Retail space - Retail or office space in a growing downtown area.
    Where is this retail space located?
    The property is located at 701-721 N Phillips Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Immediate access to a built-in customer base with 197 lofts above.; - Located in the progressive Uptown at Falls Park Development, part of downtown's growth.; - High-traffic location across from Jacobson Plaza and near The Steel District.
    (605) 323-2820
    Request Owner's contact information
    701-721 N Phillips Ave Sioux Falls, SD 57104
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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
    701-721 N Phillips Ave Sioux Falls, SD 57104
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