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 Absentee Owner Free & Clear
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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 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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction STEEL FRAME
Total area 67,914 SF
Lot 0.36 ac (15,599 SF)
APN 30006
UPID US79-0030399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Law Firm
  • Bank Credit Union
  • Law Firm

Location

140 N Phillips Ave Sioux Falls, SD 57104
Sioux Falls metro Census 701 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.75M
Blend (final) Blend
$7.57M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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