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Downtown Sioux Falls Office Suite
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230 S Phillips Ave, Sioux Falls, SD

Office suite in a mixed-use building in downtown Sioux Falls.

Space Size1,459 SF
Lot Size0.30 Acres
Days on Market268

Property Features for 230 S Phillips Ave

General Information

Standard status Active
Size 1,459 SF
Lot size 0.30 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 230 S Phillips Ave Contact us

230 S Phillips Ave $10/SF/Yr

Floor
2
Size
1,459 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Floor plan offers an open area, 2 private office (connected via a sliding door),...
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Listing Agency: Lloyd Companies - Corporate
Listed By: Raquel Blount, SIOR
Source: Moodyscre
Added: Nov 24, 2025 Changed: Aug 8 Last Checked: Aug 19 at 5:13AM

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 Lloyd Companies - Corporate

Investment Insights

Based on property information with market context.

Shriver Square is a mixed-use building with retailers, office suites, and loft-style apartments. Suite 309 features 2 offices, 1 storage closet, and a waiting area. Common area restrooms are available. Shriver Square connects to Phillips Centre through a skywalk. A multi-level parking garage is located directly east, and metered street parking is available. Downtown Sioux Falls, centered around the Big Sioux River, offers a vibrant mix of history, nightlife, shopping, dining, and parks. Attractions include the Sculpture Walk, the Orpheum Theater, Washington Pavilion, the Arc of Dreams, and Levitt at the Falls. The property contains 480 square feet.

Key Highlights

  • Prime downtown Sioux Falls location with access to dining, shopping, nightlife, and parks.
  • Skywalk connection to Phillips Centre, providing access to Dacotah Bank and Woods, Fuller, Shultz & Smith, PC.
  • Multi‑level parking garage directly east and metered street parking available.

Property Analytics

Current Use

US Drug Enforcement ... Justice Department Green Acre Companies Construction Company Steven J Morgans Law Firm Myers & Billion LLP: ... Law Firm Chef Dominique's Catering ... Wedding Service

Suggested Use

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

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

2,539
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 32% below 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 - Office suite in a mixed-use building in downtown Sioux Falls.
Where is this office units located?
The property is located at 230 S Phillips Ave 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: Prime downtown Sioux Falls location with access to dining, shopping, nightlife, and parks.; Skywalk connection to Phillips Centre, providing access to Dacotah Bank and Woods, Fuller, Shultz & Smith, PC.; Multi‑level parking garage directly east and metered street parking available.
(605) 728-9092 Call to check price and availability
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