500 56Th St, Sioux Falls, SD 57104
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.
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Palm Place High School
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Daktronics, Building 2 Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.