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Property profile

140 N Phillips Ave Sioux Falls, SD 57104

FOR LEASE
Office buildings
Property ID
US79-0030399
67,914 SF 0.36 ac lot Built 1982
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Equity Square, located at 140 N Phillips Ave in Sioux Falls, South Dakota, 57104, offers a unique blend of retail and office space in a prime downtown location. This four-story building, totaling 56,000 square feet, underwent a complete renovation in 2016, resulting in a modern and efficient workspace. The property is currently available for multiple tenants, with a minimum divisible space of 1,313 square feet and a maximum contiguous space of 1,500 square feet. This makes it ideal for a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$92k
Tax billed · 2022
Assessed value$7.34M
Assessed land$218k
Assessed improvement$7.12M
Effective rate1.26%

Value estimate

· Nov 2026
$7.57M
$6.81M – $8.32M
Submarket $/SF estimate$9.75M
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 117,186.67% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$73 – $159

Cap rate analysis

How does the asset earn?
117,186.67%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMINNEHAHA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.1
Carpet & Flooring Store9.5
Locksmith9.3

Location

140 N Phillips Ave Sioux Falls, SD 57104
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 5th, Sioux Falls, SD 57104-5915 $3,000,000 Jan 2024 19,048 SF
101 Phillips, Sioux Falls, SD 57104-6738 $916,115 Feb 2022 92,461 SF
200 Minnesota, Sioux Falls, SD 57104-6314 $200,000 Nov 2021 90,377 SF
406 2nd, Sioux Falls, SD 57104-6921 $600,000 Sep 2020 17,936 SF
300 Phillips, Sioux Falls, SD 57104-6327 $7,443,500 Dec 2019 36,435 SF
Sioux Falls, SD 57104-1335 $2,100,000 Jun 2019 16,288 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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