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Property profile & analytics
FOR LEASE
Office buildings

101 S Phillips Ave Sioux Falls, SD 57104

92,461 SF 1.28 ac lot Built 1974
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US79-0045497
Property summary
AI-generated overview

This Class A office building, "The Plaza," located at 101 S Phillips Ave, Sioux Falls, SD 57104, offers a dynamic downtown location at the corner of Phillips Avenue and 9th Street. Built in 1982 and extensively renovated in 2014, the 85,194 square foot building sits on a 25,161 square foot lot and is zoned DTPUD. The property boasts multiple tenancies and caters to a variety of office needs, including executive, traditional, coworking, medical, and creative office spaces. Suites range from 2,066 to 3,968 square feet, providing flexibility for businesses of various sizes. Its central location offers unparalleled convenience, with easy access to numerous restaurants, shopping options, Lewis Drug, and parking ramps. The building's proximity to the Phillips Avenue Diner adds to its appeal. This exceptional property presents a rare opportunity to establish a presence in the vibrant heart of Sioux Falls. The building's modern amenities and prime location make it an ideal choice for businesses seeking a prestigious and functional workspace.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 92,461 SF
Lot 1.28 ac (55,626 SF)
APN 30003
UPID US79-0045497
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
  • Hard Money Lenders Sioux Falls SD Loan Service Bank
  • HDR Engineering Consultant
  • Falls Fintech Bank Credit Union
  • Wells Fargo Bank Bank Loan Service
  • King Law Firm, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M
Owner & transaction history
Douglas C Barclay · 4 yrs held
Douglas C Barclay
since 2022
Last sale
$916,115
3 recorded transactions
2022
$916,115
2017
$1.9M
2013
$6.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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