101 S Phillips Ave Sioux Falls, SD 57104
For Lease
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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.
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Hard Money Lenders Sioux Falls SD Loan Service Bank
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HDR Engineering Consultant
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Falls Fintech Bank Credit Union
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Wells Fargo Bank Bank Loan Service
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King Law Firm, P.C. Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.