122 Phillips Ave Sioux Falls, SD 57104
This exceptional three-story, 25,080 square foot commercial building presents a unique investment opportunity in the heart of Sioux Falls, South Dakota. Located at 122 S Phillips Ave, near the corner of 10th Street and Phillips Avenue, this Class B property boasts a prime location with high foot traffic, ensuring excellent visibility and accessibility. Built in 1887 and renovated in 2002, the building offers a blend of historic charm and modern functionality. The property features one building with multiple tenancies, providing flexibility for various business needs. Currently, one 200 square foot retail space is available. The building encompasses 0.3 acres of land and includes convenient amenities such as elevators. Its zoning designation is DTPUD, allowing for diverse commercial uses. This Minnehaha County property offers unparalleled access to a vibrant downtown area, surrounded by popular retailers, restaurants, coffee shops, and attractions. The building's strategic location ensures maximum exposure and potential for significant return on investment. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a thriving urban setting.
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Office Elements Furniture & Home Goods
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Cresten Capital Holdings Property Management Company
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Mollison Brand Advocates Advertising Agency Marketing & Advertising
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Studio 240 (Bike/Boat/Book/etc) Store Photography Service
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Wonderfully Made Gifting Company Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
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
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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.