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Office Suite with Windowed Offices
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3500 S Phillips Ave, Sioux Falls, SD 57105

Suite 247 offers a large open layout with four windowed offices and shared conference room access.

Property Size2,153 SF
Days on Market86

Property Features for 3500 S Phillips Ave

General Information

Standard status Active
Size 2,153 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Business Included No

Amenities

24/7 access
monitored and secured entry
common area restrooms
shared conference room
on-site parking
Listing Agency: NAI | Sioux Falls
Listed By: Brody Etrheim · License #20218
Source: Moodyscre
Added: May 6 Changed: Jul 28 Last Checked: Jul 28 at 6:57PM

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 NAI | Sioux Falls

Investment Insights

Based on property information with market context.

A professional office suite is available in a dedicated office building environment. Suite 247 includes four windowed offices along with a large open layout, with common area restrooms and access to a shared conference room. The property also features 24/7 access with monitored and secured entry after hours.

Significant, paved on-site parking is available for occupants and visitors. All utilities and common area maintenance are covered by the landlord, supporting straightforward occupancy costs.

A tenant improvement allowance is available with acceptable terms, providing flexibility for an incoming tenant’s buildout needs.

Key Highlights

  • Suite 247 includes a large open layout plus 4 windowed offices
  • 24/7 access with monitored, secured entry after hours
  • Shared conference room and common area restrooms

Property Analytics

Current Use

DataBank - Sioux Falls, ... Software Company KMS Engineering Structural Engineer Dianne S. Heynen, ... Physician Aflac Insurance: Russell ... Insurance Agency Craig Law Office Law Firm

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Barber Shop

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

528
Businesses Nearby

Demographics for 57105, SD

22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
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 6% below 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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Suite 247 offers a large open layout with four windowed offices and shared conference room access.
Where is this office units located?
The property is located at 3500 S Phillips Ave Sioux Falls, SD.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Suite 247 includes a large open layout plus 4 windowed offices; 24/7 access with monitored, secured entry after hours; Shared conference room and common area restrooms
(605) 251-7625 Call to check price and availability
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