Two-Story Office Building
For Lease
Contact for pricing
621 W Russell St, Sioux Falls, SD 57104
Well-maintained masonry and steel office building with multiple rentable suites, newer roof and HVAC, and optional elevator installation.
Space Size20,141 SF
Days on Market344
Property Features for 621 W Russell St
General Information
Standard status
Active
Size
20,141 SF
Net Rentable
1,822 SF
Elevators
No
Property subtype
OFFICE
Zoning
C-3
Lease Type
NNN
Space & Availability
Available Space
1,822-8,729 SF
Contiguous Space
8,729 SF
Lease Terms
Monthly Rent
$1,442-$8,365
Rent per SF/Year
$8-$11.50
Building Details
Construction
masonry & steel
Spaces For Lease
at 621 W Russell St
Office For Lease
$10/SF/Yr
Floor
Bldg
Size
20,141 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- High quality masonry & steel building
- Well maintained with newer roof & HVAC
- East two-story building has elevator shaft - elevator can be installed
- Great visibility to Russell Street
- Can be divided to create a multi-tenant building, 2-3 tenants
- Zoning: C-3
- Suite 100: 8,729 RSF (original building) – $11.50 PSF NNN
- Suite 101: 1,822 RSF (east building, ground level) – $9.50 PSF NNN
- Suite 102: 2,489 RSF (east building, ground level) – $9.50 PSF NNN
- Suites 101 & 102 may be leased together for a combined total
of 4,311 RSF
- Suite 200: 5,086 RSF (east building, upper level) – $8.00 PSF NNN
Contact us
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Gregg Brown, SIOR · License #16070
(605) 306-2519
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Oct 26
Last Checked: Oct 30 at 6:23PM
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
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Investment Insights
Based on property information with market context.
This two-story office building is constructed with masonry and steel and is described as well maintained with a newer roof and HVAC. The east two-story portion includes an elevator shaft, with the ability for an elevator to be installed.
The property is marketed with great visibility to Russell Street. It is identified as zoned C-3 and can be divided to support a multi-tenant configuration, with 2–3 tenants.
Available suites include Suite 100 with 8,729 RSF in the original building; Suite 101 with 1,822 RSF at the east building ground level; Suite 102 with 2,489 RSF at the east building ground level; and Suite 200 with 5,086 RSF at the east building upper level. Suites 101 and 102 may be leased together for a combined 4,311 RSF.
The property is marketed with great visibility to Russell Street. It is identified as zoned C-3 and can be divided to support a multi-tenant configuration, with 2–3 tenants.
Available suites include Suite 100 with 8,729 RSF in the original building; Suite 101 with 1,822 RSF at the east building ground level; Suite 102 with 2,489 RSF at the east building ground level; and Suite 200 with 5,086 RSF at the east building upper level. Suites 101 and 102 may be leased together for a combined 4,311 RSF.
Key Highlights
- Well‑maintained masonry & steel office building with newer roof and HVAC.
- Multiple rentable suites with NNN lease rates: Suite 100 (8,729 RSF) at $11.50 PSF, Suite 101 (1,822 RSF) at $9.50 PSF.
- Additional space: Suite 102 (2,489 RSF) at $9.50 PSF NNN; Suites 101 and 102 can be leased together for 4,311 RSF.
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Sioux Falls, SD
$15.13 /SF/Yr
Avg Asking Price
$7–$27 /SF/Yr
Price Range
3,600 SF
Avg Space Size
This space is priced 36% below the average of $15.13 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained masonry and steel office building with multiple rentable suites, newer roof and HVAC, and optional elevator installation.
Where is this office unit located?
The property is located at 621 W Russell St 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: Well‑maintained masonry & steel office building with newer roof and HVAC.; Multiple rentable suites with NNN lease rates: Suite 100 (8,729 RSF) at $11.50 PSF, Suite 101 (1,822 RSF) at $9.50 PSF.; Additional space: Suite 102 (2,489 RSF) at $9.50 PSF NNN; Suites 101 and 102 can be leased together for 4,311 RSF.
