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Property profile

200 Phillips Ave Sioux Falls, SD 57104

OFF-MARKET
Office buildings
Property ID
US79-0011340
47,448 SF 0.84 ac lot Built 1991
Last sale Apr 2022 · $5,700,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Suite L102 is a tenant space within Commerce Center, a multi-tenant office building located downtown on the corner of East 8th Street and North Phillips Avenue in Sioux Falls. The suite is positioned to serve office and day-to-day business uses and benefits from proximity to a range of downtown amenities, including restaurants, retail, offices, hotels, and riverfront areas. The surrounding area includes nearby mixed-use developments such as The Steel District and Cherapa Place.

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?
$86k
Tax billed · 2022
Assessed value$4.70M
Assessed land$515k
Assessed improvement$4.19M
Effective rate1.82%

Value estimate

· Nov 2026
$6.41M
$5.76M – $7.05M
AI approach$5.76M
Submarket $/SF estimate$6.24M

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
FP;FP
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
Acupuncture9.2

Location

200 Phillips Ave Sioux Falls, SD 57104-6052
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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