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    OFF-MARKET
    Office Spaces

    500 56Th St, Sioux Falls, SD 57104

    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Avera Specialty Pharmacy Pharmacy
    • Old Orchard Cafe Take-out & Catering Catering Service
    • Palm Place High School
    • Daktronics, Building 2 Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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