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    126 S Phillips Ave Sioux Falls, SD 57104

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    For Lease
    $11 SF/Yr ($1,714 /Mo)

    Historic office space in vibrant downtown Sioux Falls. Available 2025.

    Property size:
    1,870 SF
    Lot size:
    0.23 Acres

    Property Features for 126 S Phillips Ave

    General Information

    Size
    1,870 SF
    Lot size
    0.23 Acres

    Source: Lloyd Companies - Corporate Agent Raquel Blount, SIOR

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

    Overview

    Downtown Sioux Falls Office Space

    This office space, situated in a historic 3-story building constructed in 1887, offers a flexible floor plan with 4 rooms. Currently, the layout is configured with 2 executive offices, a conference room, and a breakroom. Common area amenities include restrooms, which were renovated in 2020. The property is located in downtown Sioux Falls, which attracted 6.7 million visits in 2024. Co-tenants in the building include The Hello Hi, Pizza Cheeks, Urban Archaeology, Bailey Keller Photo & Design, and Cresten Capital Holdings. Nearby neighboring tenants include PAve, Lewis Drug, Phillips Avenue Diner, Agua Fresh, Coffea Roasterie, and Oshima Sushi. The location is one block from the Greenway Recreation Main Bike Trail, a 19.13-mile loop that runs along the Big Sioux River. Parking is available in a garage directly behind the rear entrance, as well as metered parking along Phillips Avenue. The space will be available starting June 1st, 2025. The property size is 1870 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Urban Archaeology Store

    Suggested Use

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

    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
    -96.7263891
    Latitude
    43.5464063

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    FAQs

    What type of property is this?
    Office space - Historic office space in vibrant downtown Sioux Falls. Available 2025.
    Where is this office space located?
    The property is located at 126 S Phillips Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location with high foot traffic (6.7M visits in 2024) and proximity to numerous businesses and restaurants.; - Flexible floor plan with 4 rooms suitable for various uses.; - Convenient parking options: parking garage directly behind the rear entrance and metered parking on Phillips Avenue.
    (605) 323-2820
    Request Owner's contact information
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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
    126 S Phillips Ave Sioux Falls, SD 57104
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