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    101 Phillips Ave Sioux Falls, SD 57104

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Office Space, Flexible Layouts, Downtown Sioux Falls

    Lot size:
    85,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A office building, "The Plaza," located at 101 S Phillips Ave, Sioux Falls, SD 57104, offers a dynamic downtown location at the corner of Phillips Avenue and 9th Street. Built in 1982 and extensively renovated in 2014, the 85,194 square foot building sits on a 25,161 square foot lot and is zoned DTPUD. The property boasts multiple tenancies and caters to a variety of office needs, including executive, traditional, coworking, medical, and creative office spaces. Suites range from 2,066 to 3,968 square feet, providing flexibility for businesses of various sizes. Its central location offers unparalleled convenience, with easy access to numerous restaurants, shopping options, Lewis Drug, and parking ramps. The building's proximity to the Phillips Avenue Diner adds to its appeal. This exceptional property presents a rare opportunity to establish a presence in the vibrant heart of Sioux Falls. The building's modern amenities and prime location make it an ideal choice for businesses seeking a prestigious and functional workspace.

    Property Features for 101 Phillips Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,194 SF
    Class
    A
    Total Rate
    56796

    Building Details

    Year Built/Renovated
    1982/2014

    Unit(s) available at that property

    Space
    Basement Space
    Size
    3,968 SF
    Rate per SF
    $8

    HighLights

    • Main level suite with convenient access to city parking.
    • Suite features a conference room, private offices, break room, storage, and open workspace.
    • Prime downtown location in The Plaza building with strong tenant mix.
    • Available November 1, 2023, with early occupancy possible.
    • Additional basement space (5,426 RSF / 5,024 USF) available.
    • Strong tenant roster includes Frontier Bank, Woodgrain Brewing Company, HDR, Sterling Trustees, Aquafresh, and Bluestem.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hard Money Lenders ... Mortgage Lender HDR Engineering Consultant Falls Fintech Financial Institution Wells Fargo Bank Bank King Law Firm, ... Personal Injury Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -96.72683365228
    Latitude
    43.546562633695

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    FAQs

    What type of property is this?
    Office space - Prime Office Space, Flexible Layouts, Downtown Sioux Falls
    Where is this office space located?
    The property is located at 101 Phillips Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Main level suite with convenient access to city parking.; Suite features a conference room, private offices, break room, storage, and open workspace.; Prime downtown location in The Plaza building with strong tenant mix.
    Request Owner's contact information
    101 Phillips Ave Sioux Falls, SD 57104
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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
    101 Phillips Ave Sioux Falls, SD 57104
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