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5501-5545 E 18th St, Sioux Falls, SD

Class A office spaces in expanding Dawley Farms Village.

Space Size1,881 SF - 3,898 SF
Lot Size5.55 Acres
Days on Market315

Property Features for 5501-5545 E 18th St

General Information

Standard status Active
Size 1,881 SF - 3,898 SF
Lot size 5.55 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 5501-5545 E 18th St Contact us

5503 E 18th St $17/SF/Yr

Floor 1
Size 3,898 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
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5521 E 18th St $17/SF/Yr

Floor 1
Size 2,407 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
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5525 E 18th St $17/SF/Yr

Floor 1
Size 3,158 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
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5527 E 18th St $17/SF/Yr

Floor 1
Size 1,920 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
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5529 E 18th St $17/SF/Yr

Floor 1
Size 2,328 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
Contact us

5543 E 18th St $17/SF/Yr

Floor 1
Size 2,069 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 turn-key office suites with availability estimated for July 1, 2023 - Multiple shell office buildings available for tenant build-outs - Class A Office Finishes - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
Contact us

5545 E 18th St $17/SF/Yr

Floor 1
Size 1,881 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Shell space available for tenant build-outs - Built-out office spaces ready for occupancy August 2024 - Common spaces available to the built-out offices within the Carlton Office Suites including restrooms, shared employee lounge, and mother’s/wellness room. - Class A Office Finishes - FF&E not included in built-out office spaces - Anchored by: Target, Kohls, Walmart, Ashley Furniture, Burlington Coat Factory, Century Theaters, Famous Footwear, Maurice’s, Dollar Tree, Cherry Berry, Subway, Avera Health, Supercuts, ULTA Beauty, Bath & Body Works & more - The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. This project is the final stage in connecting I-29 and I-90 with construction expected to begin in 2023 and an anticipated completion date in 2026. This 6-lane (3 in each direction) addition is aimed to largely reduce congestion on nearby roads and prepare Sioux Falls for 2050 transportation system needs. With this addition, it is anticipated that the area of Dawley Farms Village will largely increase in traffic. - Dawley Farm Village is an approximately 300-acre expanding development located at the crossroads of Veterans Parkway and Highway 42 that serves as the perfect one-stop hub for shopping, dining, living and entertainment. Just minutes from I-229 and I-90, Dawley Farm is at the heart of the rapidly growing east region of Sioux Falls. Conveniently located less than 15 minutes from both Downtown Sioux Falls and Brandon, the shopping center brings in visitors from the city of Sioux Falls and neighboring rural communities. The center features over 30 retailers and boasts a growing 5,669 population within just 1 mile. The retail district is surrounded by multiple growing multifamily & residential housing developments and is very accessible by means of transportation with bike paths and bus routes developed around and through the shopping area. The center is designed with ample sidewalk & bike path space to be pedestrian-friendly and welcoming to neighboring residents.
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Listing Agency: Lloyd Companies - Corporate
Listed By: Raquel Blount, SIOR
Source: Moodyscre
Added: Nov 24, 2025 Changed: Sep 14 Last Checked: Oct 4 at 12:14PM

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.

Two turn-key office suites are available, with availability estimated for July 1, 2023. Multiple shell office buildings are also available for tenant build-outs, all featuring Class A office finishes. The location is within Dawley Farm Village, an approximately 300-acre expanding development at the crossroads of Veterans Parkway and Highway 42. This area serves as a hub for shopping, dining, living, and entertainment. Dawley Farm is located minutes from I-229 and I-90, in the rapidly growing east region of Sioux Falls, less than 15 minutes from both Downtown Sioux Falls and Brandon. The shopping center includes over 30 retailers and has a growing population of 5,669 within just 1 mile. The retail district is surrounded by multiple growing multifamily and residential housing developments and is accessible by bike paths and bus routes. The center is designed with ample sidewalk and bike path space to be pedestrian-friendly. The State of South Dakota Transportation Commission approved plans to complete construction on the remaining 8.5 miles that make up the southern section of Veterans Parkway. Construction is expected to begin in 2023, with an anticipated completion date in 2026. This 6-lane addition is aimed to reduce congestion and prepare Sioux Falls for 2050 transportation system needs. The property size is 3,158 square feet.

Key Highlights

  • Located in Dawley Farm Village, a large, expanding development.
  • Anchored by major retailers including Target and Kohls, attracting significant customer traffic.
  • Excellent accessibility with proximity to I‑229 and I‑90.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Dental Office Auto Parts 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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Sioux Falls, SD

$15.14 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
3,648 SF
Avg Space Size

This space is priced 12% above the average of $15.14 /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 - Class A office spaces in expanding Dawley Farms Village.
Where is this office units located?
The property is located at 5501-5545 E 18th St Sioux Falls, SD.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Located in Dawley Farm Village, a large, expanding development.; Anchored by major retailers including Target and Kohls, attracting significant customer traffic.; Excellent accessibility with proximity to I‑229 and I‑90.
(605) 728-9092 Call to check price and availability
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