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    140 N Phillips Ave Sioux Falls, SD 57104

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    140 N Phillips Ave Sioux Falls, SD 57104


    • Office buildings
    • 67,914 SF
    • 0.36 lot acres
    Downtown Sioux Falls Office Space For Lease
    $15 SF/Yr
    1,313 SF

    Downtown Sioux Falls Office Space

    Renovated office space with downtown and river views.

    140 N Phillips Ave, Sioux Falls, SD
    View Listing
    Property ID
    US79-0030399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM outside Heritage Bank in Equity Square / Atm
    • Experity / (Bike/Boat/Book/etc) Store / Corporate Office
    • Cutler Law Firm, LLP / Law Firm
    • JTC - South Dakota / Bank / Credit Union
    • IpHorgan Limited (Sioux Falls) / Law Firm

    Property Details for 140 N Phillips Ave

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    67,914 SF
    Property type
    Office buildings
    APN
    30006
    APU
    30006

    Description

    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 variety of businesses, from small startups to established companies seeking flexible and adaptable space. The building's professional subtype caters to businesses requiring a sophisticated and well-maintained environment. Its central downtown location provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to amenities. Interested parties are encouraged to inquire about available space and lease terms. The property's modern design and prime location make it an attractive option for businesses seeking a thriving and convenient location in Sioux Falls.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,747,000
      Market price range: $4.97M - $10.8M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,915,000
      Current use
      AUTO REPAIR, GARAGE
      $6,360,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7264
    Latitude
    43.5482
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $92,316
    $218,400
    $7,124,800
    $7,343,200
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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