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    500 56Th St Sioux Falls, SD 57104

    For Lease
    Contact for pricing

    Prime Sioux Falls Office Space Available

    Lot size:
    206,873 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional office sublease opportunity in Sioux Falls, South Dakota, offers a total of 121,447 square feet of flexible, traditional office space at 500 E 56th St, 57104. The property features a two-story building with multiple suites available, with a minimum divisible space of 10,898 square feet. The main level boasts a comprehensive layout including a reception area, multiple conference rooms, dedicated training rooms, restrooms, a cafeteria and dining area, and numerous workstation areas. The upper level provides additional workstation space, a large break/recreation room, and restrooms. Ample on-site parking is available for tenants and their guests. The existing furniture is negotiable, offering flexibility for incoming tenants. This sublease provides a long-term commitment, extending through December 31, 2029. The space is highly adaptable and can be subdivided to accommodate various business needs. The property's location in northeast Sioux Falls offers convenient access to major transportation routes and amenities. This is an ideal opportunity for businesses seeking a well-equipped, spacious, and conveniently located office environment. Contact us today to learn more about this exceptional sublease opportunity.

    Property Features for 500 56Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    206,873 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Main Level Space 2
    Size
    15,400 SF
    Space
    Upper Level Space
    Size
    59,128 SF
    Space
    Sublease Space
    Size
    121,447 SF
    Space
    Main Level Space 1
    Size
    10,898 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Avera Specialty Pharmacy Pharmacy Old Orchard Cafe Caterer Palm Place School Daktronics, Building 2 Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.718510256127
    Latitude
    43.597654345861

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Sioux Falls Office Space Available
    Where is this office property / space located?
    The property is located at 500 56Th St Sioux Falls, SD.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 56Th St Sioux Falls, SD 57104
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