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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

122 Phillips Ave Sioux Falls, SD 57104

25,080 SF 0.3 ac lot Built 1887
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1887
Total area 25,080 SF
Lot 0.3 ac (13,068 SF)
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
  • Office Elements Furniture & Home Goods
  • Cresten Capital Holdings Property Management Company
  • Mollison Brand Advocates Advertising Agency Marketing & Advertising
  • Studio 240 (Bike/Boat/Book/etc) Store Photography Service
  • Wonderfully Made Gifting Company Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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