Property profile

500 56Th St Sioux Falls, SD 57104

OFF-MARKET
Office Spaces
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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

Current use

Occupant on record · Public records
  • Pharmacy
  • Take-out & Catering Catering Service
  • High School
  • Corporate Office

Location

500 56Th St Sioux Falls, SD 57104
Sioux Falls metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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