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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

301 Reid Pl Sioux Fls Sioux Falls, SD 57103

Built 2022
Property ID
Property summary
AI-generated overview

Cherapa Place, a vibrant, new $225 million mixed-use development in Sioux Falls, South Dakota's Minnehaha County, offers exceptional office opportunities. This four-building complex, completed in 2022, boasts 95,350 square feet of available traditional office space within a dynamic "live-work-play" environment. Situated on the east bank of the Big Sioux River, the property benefits from proximity to the River Greenway, walking trails, and numerous amenities. Enjoy easy access to nearby attractions including the Levitt and Jones 421, 8th & Railroad Center, and Railyard Flats. A wide selection of restaurants and breweries, such as Highball, The Harvester Kitchen, and Monks Ale House, are within walking distance. The planned Cherapa Place courtyard and pedestrian mall will further enhance the area's appeal with new shopping, dining, and entertainment options. This development is part of a larger Eastbank growth initiative, and includes a future five-building complex and a 5,000 square foot conference center with interconnected roof deck. The property's multiple tenancy allows for flexibility and scalability, making it an ideal location for businesses of all sizes seeking a prime location in a thriving urban setting. The site's former use as the Zip Feed Mill adds to its unique character and history.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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