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Office Space with Reception and Offices
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120 South Indiana Avenue, Sioux Falls, SD 57103

Office suite features a large reception area, six offices, and open space with gross rent plus utilities.

Space Size850 SF - 1,680 SF
Property Size5,000 SF
Days on Market57

Property Features for 120 South Indiana Avenue

General Information

Standard status Active
Size 850 SF - 1,680 SF
Class C
Property subtype Retail, Office

Building Details

Building Size 5,000 SF
Year Built 1956
Tenancy Multiple

Spaces For Lease

at 120 South Indiana Avenue Contact us

Space A & B

Size
1,680 SF
Type
Office, Retail
Lease Type
Modified Gross
Availability
Active
Contact us

Space A

Size
850 SF
Type
Office, Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: KW Commercial Sioux Falls, SD
Listed By: Larry Luetke · License #SD 12096
Source: Crexi
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 12 at 4:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Sioux Falls, SD

Investment Insights

Based on property information with market context.

This office suite offers 1,683 square feet of professionally laid-out space, including a large reception area, six private offices, and a sizable open area suitable for additional workstations or flexible use. The layout supports a clear front-to-back flow from guest reception through to private offices and collaborative space.

Located near downtown Sioux Falls, the suite is positioned for businesses that want convenient access to the central business area. The property is offered as a lease with gross terms plus utilities.

The configuration is well-suited for professional tenants who need multiple enclosed offices alongside a larger open work area. The prominent reception area can help streamline client or visitor check-in, while the combination of private offices and open space provides practical room for both day-to-day operations and team work within the same suite.

Key Highlights

  • Office space built in 1956
  • 1,683 sq ft office suite near Downtown Sioux Falls
  • Large reception area plus open space

Property Analytics

Current Use

Experience Works Employment Agency UMOS Inc Social Service Agency Redemption Technology Charitable Organization

Suggested Use

Top Pick Dental Office Auto Parts Store Garden Center Electrical Service Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,970
Businesses Nearby

Demographics for 57103, SD

36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value

Market

Lease Benchmarks for Sioux Falls, SD

$14.81 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
4,828 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suite features a large reception area, six offices, and open space with gross rent plus utilities.
Where is this office units located?
The property is located at 120 South Indiana Avenue Sioux Falls, SD.
What are key features of this property?
This property features: Office space built in 1956; 1,683 sq ft office suite near Downtown Sioux Falls; Large reception area plus open space
(605) 275-0555 Call to check price and availability
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