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1200 E 3rd St, Sioux Falls, SD 57103

Multiple office and retail suites are available at a busy corner with on-site rear parking and street parking nearby.

Property Size980 SF
Days on Market710

Property Features for 1200 E 3rd St

General Information

Standard status Active
Size 980 SF
Property subtype OFFICE
Lease Type SF/mo
Listing Agency: Bender Commercial
Listed By: Andi Anderson · License #11675
Source: Moodyscre
Added: Aug 23, 2024 Changed: Jul 27 Last Checked: Aug 2 at 4:48AM

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 Bender Commercial

Investment Insights

Based on property information with market context.

Various sized office and retail spaces are available in a corner location at E 3rd St and Cliff Avenue. Leases are gross plus utilities, including electricity, gas, water, and garbage.

The property is located near the Eastbank and Riverview Districts of downtown Sioux Falls, with daily traffic over 13,000 vehicles. It features a large rear parking lot along with additional street parking, and offers easy access to East 10th Street and Cliff Avenue.

Suite 110 may have access to a patio and outdoor seating, providing additional space for certain uses within the available layout options.

Key Highlights

  • Various sized office/retail spaces on the corner of 3rd Street and Cliff Avenue
  • Gross leases plus utilities: electricity, gas, water and garbage
  • Located near Eastbank and Riverview Districts of downtown Sioux Falls

Property Analytics

Current Use

U.N.A RECORD Film Production IRC Studios Media Distribution Mama Africa Fashion ... Grocery & Convenience Store Eli Home Care ... Home Health Care Service

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Daycare Center Acupuncture Florist Skin Care Clinic

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,074
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

$14.94 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
5,422 SF
Avg Space Size

This space is priced 20% below the average of $14.94 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Multiple office and retail suites are available at a busy corner with on-site rear parking and street parking nearby.
Where is this office units located?
The property is located at 1200 E 3rd St Sioux Falls, SD.
What is the lease rate?
The lease rate is $980 /Mo.
What are key features of this property?
This property features: Various sized office/retail spaces on the corner of 3rd Street and Cliff Avenue; Gross leases plus utilities: electricity, gas, water and garbage; Located near Eastbank and Riverview Districts of downtown Sioux Falls
(605) 782-1660 Call to check price and availability
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