Office Unit with Reception and Three
For Lease
$900/Mo
120 S Indiana Ave, Sioux Falls, SD 57104
COMMERCIAL - Sioux Falls, SD
Property Size850 SF
Lot Size0.14 Acres
Days on Market52
Property Features for 120 S Indiana Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
office
Subdivision
Paulton Addn
Directions
E 10th St NE corner of 10th & Indiana
Standard status
Active
APN
41956
Size
850 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
W 14' 23 & E 30' LOT 24 BLOCK 2 PAULTON'S ADDN TO CITY OF SIOUX FALLS
Legal Description
W 14' 23 & E 30' LOT 24 BLOCK 2 PAULTON'S ADDN TO CITY OF SIOUX FALLS
Utilities
Utilities
Water Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1959
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Tar/Gravel
Listing Agency:
Keller Williams Realty Sioux Falls
(605) 275-0555
Listed By:
Larry Luetke · License #12096
(605) 275-0555
Added: Jun 12
Changed: Aug 2
Last Checked: Aug 2 at 7:06PM
MLS# 22604343
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Office unit at 120 S Indiana Ave in Sioux Falls, SD, built in 1959. The space totals 850 SF and includes a large reception area with either three offices, or two offices plus a large conference room. Shared bathrooms serve the suite, and interior finishes include carpet and vinyl flooring. Central heating and central air provide year-round comfort, with a tar/gravel roof and frame construction supporting the improvements.
The property sits on a 0.1394-acre lot and is described as close to Downtown Sioux Falls. Zoning is office. The lease structure is gross plus utilities.
For tenants needing additional room, there is another 830 SF office space that can also be leased alongside this suite.
The property sits on a 0.1394-acre lot and is described as close to Downtown Sioux Falls. Zoning is office. The lease structure is gross plus utilities.
For tenants needing additional room, there is another 830 SF office space that can also be leased alongside this suite.
Key Highlights
- 850 SF office unit with a large reception area and three offices (or two offices plus a conference room)
- Shared bathrooms serving the suite
- Central heat and central air
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.91 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Market
Lease Benchmarks for Sioux Falls, SD
$14.94 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
5,422 SF
Avg Space Size
This space is priced 15% below the average of $14.94 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office unit offering a large reception area, three private offices, and shared bathrooms with central heat and air.
Where is this office units located?
The property is located at 120 S Indiana Ave Sioux Falls, SD.
What is the lease rate?
The lease rate is $900 /Mo.
What are key features of this property?
This property features: 850 SF office unit with a large reception area and three offices (or two offices plus a conference room); Shared bathrooms serving the suite; Central heat and central air
