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    114 S Reid St Sioux Falls, SD 57103

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    For Sale
    $975,000

    Stand-alone building near 8th & Railroad, potential for redevelopment.

    Property size:
    3,109 SF
    Lot size:
    0.33 Acres

    Property Features for 114 S Reid St

    General Information

    Size
    3,109 SF
    Lot size
    0.33 Acres

    Source: Bender Commercial Agent Nick Gustafson

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

    Overview

    Sioux Falls Flex/Industrial Building

    This stand-alone building, located just south of 8th & Railroad and the Lumber Exchange Building in Sioux Falls, presents an opportunity for purchase or lease. Originally constructed in 1910 as a locomotive boiler repair facility, the property features impressive 2-foot thick brick exterior walls. The unique location and shell design allow for a variety of potential uses and redevelopment. The building has a size of 3109 square feet. There is currently a second floor, which is not included in the square footage. This space offers potential for living space or retail/office use, complemented by exceptional sidewall height. The property is situated just west of the planned railyard site development and south of the announced Riverline District. The ownership group is open to redevelopment conversations.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex 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.

    Similar Places Nearby

    Myers' Elite Catering, CBM Correctional Food Services, En Place Catering, Vespa Catering

    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?
    Flex space - Stand-alone building near 8th & Railroad, potential for redevelopment.
    Where is this flex space located?
    The property is located at 114 S Reid St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Unique redevelopment opportunity near planned railyard and Riverline District.; - Stand-alone building with flexible usage potential.; - Historically significant building with impressive 2' thick brick walls.
    (605) 201-2809
    Request Owner's contact information
    114 S Reid St Sioux Falls, SD 57103
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    Sioux Falls, SD 57103
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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
    114 S Reid St Sioux Falls, SD 57103
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