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Sioux Falls Medical Office

208 W 37th St, Sioux Falls, SD

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For Sale

Contact for pricing

Medical office building with exam rooms and updated infrastructure.

Type:OFFICE

Property size:

6,858 SF

Lot size:

0.58 Acres

Price / SF:

$204/SF

HighLights

Large main level (4,743 SF) with 11 exam rooms suitable for medical practice.
New parking lot (2023).
Lower level (1,349 SF) with locker room, restroom with shower, meeting room, laundry and storage.
X‑ray room.
Two private offices.
New roof (2014).

We can help!

Contact an agent

Rob Fagnan

For Sale

Contact for pricing

Medical office building with exam rooms and updated infrastructure.

Type:OFFICE

Property size:

6,858 SF

Lot size:

0.58 Acres

Price / SF:

$204/SF

Added:: Mar 21, 2025
Days on Market:: 472
Last Refresh:: May 19 at 8:51 pm

Property Features for 208 W 37th St

General Information

Standard status: Active
Size: 6,858 SF
Lot size: 0.58 Acres
Property subtype: OFFICE

We can help!

Contact an agent

Rob Fagnan

Listing office Bender Commercial

Listing date Mar 21, 2025

Source Moodyscre

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

HighLights

Large main level (4,743 SF) with 11 exam rooms suitable for medical practice.
New parking lot (2023).
Lower level (1,349 SF) with locker room, restroom with shower, meeting room, laundry and storage.
X‑ray room.
Two private offices.
New roof (2014).

Overview

This property is a medical office building featuring a main level with 4,743 square feet and a lower level with 1,349 square feet, totaling 6,858 square feet. The main level includes a reception and waiting area, eleven exam rooms, two private offices, an X-ray room, work areas, and a breakroom. The lower level contains a locker room, a restroom with a shower, a meeting room, laundry facilities, and storage space. Infrastructure updates include a new parking lot in 2023 and a new roof in 2014. General casework and exam room furniture is negotiable.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.0k	$21.00
− Vacancy	−$21.6k	−$3.15
EGI	$122.4k	$17.85
− OpEx	−$30.6k	−$4.46
NOI	$91.8k	$13.39

6,858 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,811 @ 7.0% cap · market cap 6.56%

Second Best

Healthcare Medical

$1.26M

$1.10M – $1.46M (±1% cap)

NOI $87,892 @ 7.0% cap · market cap 6.28%

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,357 @ 7.0% cap · market cap 9.31%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Burkhart Kay Dental Office Dakota Dental Dental Office Kappenman Timothy J ... Dental Office Dr. Anlee M. ... Dental Office Schmidt Cloie Dental Office

Suggested Use

Similar Places Nearby

All City Pet Care Veterinary Emergency Hospital — 3508 S Minnesota Ave STE 102, Sioux Falls, SD 57105
All City Pet Care South: Heitmann Jeff DVM — 3508 S Minnesota Ave STE 102, Sioux Falls, SD 57105
Carlson Heather DVM — 3508 S Minnesota Ave STE 102, Sioux Falls, SD 57105
Heyden Jillian DVM — 3209 S Summit Ave, Sioux Falls, SD 57105
Windhorse Veterinary Acupuncture — 3500 S Minnesota Ave Unit 102, Sioux Falls, SD 57105

Location Insight

Map
Local Demand

City: Sioux Falls
County: Lincoln
State: South Dakota
Longitude: -96.7285
Latitude: 43.5188

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What type of property is this?

Medical Office Space - Medical office building with exam rooms and updated infrastructure.

Where is this medical office space located?

The property is located at 208 W 37th St Sioux Falls, SD.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Large main level (4,743 SF) with **11 exam rooms suitable for medical practice.**; **New parking lot (2023).**; Lower level (1,349 SF) with locker room, restroom with shower, meeting room, laundry and storage.

208 W 37th St, Sioux Falls, SD

Medical office building with exam rooms and updated infrastructure.

Property Features for 208 W 37th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Historic Office Building with Elevator

Executive Office Overlooking Golf Course

Four-Plex Townhome-Style Rental

Commercial Garage with Overhead Door

Fourplex with Detached Garages

Well-Maintained 4-Plex Property

Sioux Falls 6-Plex Investment

Furnished Triplex in Sioux Falls

Triplex with Two Vacant Units

Triplex with Updated Systems

Drive-Thru Restaurant and Retail Buildings

Duplex with Separate Utilities

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