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Downtown Sioux Falls Office Space
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140 N Phillips Ave, Sioux Falls, SD

Renovated office space with downtown and river views.

Space Size1,313 SF
Lot Size0.36 Acres
Days on Market1308

Property Features for 140 N Phillips Ave

General Information

Standard status Active
Size 1,313 SF
Lot size 0.36 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 140 N Phillips Ave Contact us

140 N Phillips Ave $15 – $20/SF/Yr

Floor
3
Size
1,313 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Newly renovated space available to be customized to meet your needs - Incredible...
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Listing Agency: Legacy Development
Listed By: Brianna McLaughlin · License #17386
Source: Moodyscre
Added: Jan 19, 2023 Changed: Aug 8 Last Checked: Aug 19 at 2:18PM

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 Legacy Development

Investment Insights

Based on property information with market context.

This newly renovated office space is available for rent and can be customized. The property is located in downtown Sioux Falls and offers views of the city and the Big Sioux River. The rental rate is between $15.00 and $20.00 per square foot (NNN). The property size is 1,313 square feet.

Key Highlights

  • Incredible views of downtown Sioux Falls and the Big Sioux River
  • Located in the heart of downtown Sioux Falls
  • Newly renovated space

Property Analytics

Current Use

ATM outside Heritage ... Atm Experity (Bike/Boat/Book/etc) Store Cutler Law Firm, ... Law Firm JTC - South Dakota Bank IpHorgan Limited (Sioux ... Law Firm

Suggested Use

Top Pick Dental Office Carpet & Flooring Store Locksmith Acupuncture (Bike/Boat/Book/etc) Store Pet Grooming 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

2,611
Businesses Nearby

Market

Lease Benchmarks for Sioux Falls, SD

$14.81 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
4,688 SF
Avg Space Size

This space is priced 1% above the average of $14.81 /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
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Frequently Asked Questions

What type of property is this?
Office units - Renovated office space with downtown and river views.
Where is this office units located?
The property is located at 140 N Phillips Ave Sioux Falls, SD.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Incredible views of downtown Sioux Falls and the Big Sioux River; Located in the heart of downtown Sioux Falls; Newly renovated space
(605) 444-0400 Call to check price and availability
More about this property
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