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High-Quality Building on Russell Street
For Sale
$2,230,000

621 West Russell Street, Sioux Falls, SD 57104

Well-maintained building with newer roof and HVAC, great visibility.

Property Size20,141 SF
Price / SF$110.72
Days on Market233

Property Features for 621 West Russell Street

General Information

Standard status Active
Size 20,141 SF
Class B
Property subtype Office

Building Details

Building Size 20,141 SF
Year Built 1974
Listed By: Dennis Breske, MBA, CCIM, SIOR
Source: Naiglobal
Added: Jan 27 Changed: Sep 2 Last Checked: Sep 16 at 3:55PM

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 Dennis Breske, MBA, CCIM, SIOR

Investment Insights

Based on property information with market context.

This is a high-quality masonry and steel building that has been well-maintained. It features a newer roof and HVAC system. The east two-story section of the building includes an elevator shaft, allowing for the potential installation of an elevator. The property offers great visibility to Russell Street. The building can be divided to accommodate multiple tenants, potentially 2-3.

Key Highlights

  • Great visibility to Russell Street
  • Can be divided to create a multi‑tenant building (2‑3 tenants)
  • Well maintained with newer roof & HVAC

Property Analytics

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Current Use

Innovative Office Solutions (Bike/Boat/Book/etc) Store Innovative Office Solutions-Print/Promo ... Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Auto Parts Store Dental Office Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

406
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 building - Well-maintained building with newer roof and HVAC, great visibility.
Where is this office building located?
The property is located at 621 West Russell Street Sioux Falls, SD.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Great visibility to Russell Street; Can be divided to create a multi‑tenant building (2‑3 tenants); Well maintained with newer roof & HVAC
More about this property
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