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Cherapa Place Office Space Available
For Lease
$23.50 SF/Yr

300 N Cherapa Place, Sioux Falls, SD 57103

Attractive office space in amenity-rich Cherapa Place complex.

Days on Market157

Property Features for 300 N Cherapa Place

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 2007
Listing Agency:
Listed By: Gregg Brown, MBA, SIOR
Source: Naiglobal
Added: Feb 26 Changed: Jul 10 Last Checked: Aug 2 at 6:43AM

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.

Available immediately, this attractive office space is located in the amenity-rich Cherapa Place office complex. The lease term extends through October 31, 2027. Systems and office furniture are available for use. The property offers a view of the Big Sioux River and the Arc of Dreams. Cherapa Place features a conference center, deck, garage parking, showers and lockers, a river walk and bike path, restaurants, a fitness center, and a grocery store.

Key Highlights

  • Available immediately in amenity‑rich Cherapa Place office complex
  • Lease term thru 10/31/2027
  • Enjoy the view of the Big Sioux River and Arc of Dreams

Property Analytics

Current Use

Precision Bill Review Medical Billing Service falls park Park CorTrust Bank Bank Rob Hall - Morgan ... Financial Advisor

Suggested Use

Top Pick Dental Office Building Supply Skin Care Clinic Storage Facility Electrical Service Pharmacy

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
$3.53 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,398
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

$14.94 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
5,422 SF
Avg Space Size

This space is priced 57% above the average of $14.94 /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 - Attractive office space in amenity-rich Cherapa Place complex.
Where is this office units located?
The property is located at 300 N Cherapa Place Sioux Falls, SD.
What is the lease rate?
The lease rate is $23.50 SF/Yr.
What are key features of this property?
This property features: Available immediately in amenity‑rich Cherapa Place office complex; Lease term thru 10/31/2027; Enjoy the view of the Big Sioux River and Arc of Dreams
More about this property
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