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Historic Office Suite

231 S Phillips Ave Suite 201, Sioux Falls, SD 57104

For Lease
Contact for pricing

A second-floor workspace with modern rustic finishes and natural light is available in February 2027.

Space Size4,432 SF
Days on Market29

Property Features for 231 S Phillips Ave Suite 201

General Information

Standard status Active
Size 4,432 SF
Property subtype Office

Space & Availability

Floor 2
Space Use Office
Available From 2027-02

Site & Location

Neighborhood Downtown

Building Details

Tenancy Multi

Spaces For Lease

at 231 S Phillips Ave Suite 201
#201 Active
Size 4,432 SF
Contact us
Listing Agency: Bender Commercial
Listed By: Alex Soundy · License SD #18022
Source: Crexi
Added: Oct 13 Changed: Nov 8 Last Checked: Nov 10 at 6:56AM

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

Rey
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Investment Insights

Based on property information with market context.

Suite 201 is a second-floor office space within the historic Boyce-Greeley mixed-use building. Its interior combines modern rustic finishes with natural light. The space is scheduled to become available in February 2027.

The property is at 231 S Phillips Ave, at 11th and Phillips, in Sioux Falls. Other businesses in the building include Child's Play Toys, Marie & Marie Bridal, and Blend Interactive.

Key Highlights

  • Office suite on the second floor of the Boyce‑Greeley building
  • Modern rustic interior finishes with natural light
  • Available February 2027

Property Analytics

Current Use

Blend Interactive Marketing & Advertising Prosperity Wealth Management ... Financial Advisor Elgethun Capital Management Corporate Office Oland Arts Consulting Theater & Performing Art Venue

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,539
Businesses Nearby

Demographics for 57104, SD

26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value

Market

Lease Benchmarks for Sioux Falls, SD

$15.36 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
3,529 SF
Avg Space Size

Properties on Market for Office Units in Sioux Falls

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - A second-floor workspace with modern rustic finishes and natural light is available in February 2027.
Where is this office unit located?
The property is located at 231 S Phillips Ave Suite 201 Sioux Falls, SD.
What are key features of this property?
This property features: Office suite on the second floor of the Boyce‑Greeley building; Modern rustic interior finishes with natural light; Available February 2027
(605) 376-3700 Call to check price and availability
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