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Multi-Suite Office Units
For Lease
$10 SF/Yr

208 S Wayland Avenue, Sioux Falls, SD 57103

Existing private suites, waiting areas, and on-site parking support office or customer-facing operations.

Space Size1,800 SF
Days on Market23

Property Features for 208 S Wayland Avenue

General Information

Standard status Active
Size 1,800 SF
Property subtype Retail
Lease Term NNN

Additional Details

Condition Turnkey

Amenities

Waiting & Gathering Areas

Building Details

Building Size 1,800 SF

Spaces For Lease

at 208 S Wayland Avenue
208 South Wayland Ave $10/SF/Yr
Size 1,800 SF
Term Negotiable
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Listed By: Gregg Brown, MBA, SIOR
Source: Naiglobal
Added: Sep 13 Last Checked: Oct 4 at 7:33AM

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 Gregg Brown, MBA, SIOR

Investment Insights

Based on property information with market context.

Located at 208 S Wayland Avenue in Sioux Falls, this office property features multiple private suites with an existing interior arrangement suited to office use. The layout also supports salon services and other customer-facing business operations, with waiting and gathering areas incorporated into the space.

On-site parking serves both customers and employees. The existing buildout provides a functional starting point for businesses seeking office units with separated rooms and shared reception-oriented areas.

Key Highlights

  • Multiple private suites already built out
  • Interior configuration supports office, salon, and other customer‑facing uses
  • Multiple waiting and gathering areas

Property Analytics

Current Use

Opportunity Tax Service Tax Preparation

Suggested Use

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

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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

631
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

$15.14 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
3,648 SF
Avg Space Size

This space is priced 34% below the average of $15.14 /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 - Existing private suites, waiting areas, and on-site parking support office or customer-facing operations.
Where is this office units located?
The property is located at 208 S Wayland Avenue Sioux Falls, SD.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Multiple private suites already built out; Interior configuration supports office, salon, and other customer‑facing uses; Multiple waiting and gathering areas
More about this property
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