300 Phillips Ave Sioux Falls, SD 57104
- Investment properties
- 34,848 SF
- 0.23 lot acres
Current Use by Public Records
- Dacotah Insurance / Insurance Agency / Atm
- Dacotah Bank / Bank
- Woods Fuller Shultz & Smith / Law Firm / Attorney
- Woods Fuller Shultz & Smith: Jeff Shultz / Attorney
- Beck William G / Attorney
Property Details for 300 Phillips Ave
- Year built
- 1890
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.23 lot acres
- Property size
- 34,848 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 43085
- APU
- 43085
Description
The historic Rock Island Building, located at 300 N Phillips Ave in Sioux Falls, South Dakota (zip code 57104), offers exceptional office space in the heart of the city. This three-story, Class B building, constructed in 1890 and renovated in 1998, sits on a 0.45-acre lot and boasts a prime location along Phillips Avenue. Currently, there are multiple tenancy options available, ranging from 1,524 square feet to 8,853 square feet, making it suitable for a variety of businesses. The building's versatile design accommodates Executive Office, Creative Office, Traditional Office, Coworking, and Medical Office uses. Its central location provides easy access to key attractions and amenities, including the Arc of Dreams, Levitt at the Falls, The Steel District, and the future Jacobson Plaza. This property presents a unique opportunity to establish a presence in a vibrant and rapidly developing downtown area. The building's blend of historical charm and modern updates offers a distinctive workspace. Interested parties should inquire about available suite sizes and lease terms.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,485,000
- 6.5%
- $3,200,000
- 7%
- $3,755,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,430,000
- Geo Method
- $3,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,525,000
- Retail
- $3,690,000
- Mixed-Use
- $3,875,000
- Hospitality
- $3,240,000
- Educational
- $3,730,000
- Residential Income
- $3,565,000
- Energy
- $3,570,000
- Income-Based Land
- $3,580,000
- Food Service
- $3,585,000
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7264
- Latitude
- 43.5501
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
