200 Phillips Ave Sioux Falls, SD 57104-6052
This 30,900 square foot office building, constructed in 1992, offers a variety of spaces suitable for diverse businesses. Currently, one 612 square foot suite is available for lease within this multi-tenant building. The Commerce Center boasts a convenient downtown Sioux Falls location at the intersection of East 8th Street and North Phillips Avenue, placing it near the iconic Arc of Dreams sculpture. Its strategic position also provides easy access to two significant developments: The Steel District and Cherapa Place. The building features one elevator for convenient access to all floors. A key advantage for tenants on the lower level is direct access to the parking lot. Furthermore, the building offers direct access to the Sioux Falls Bike Trail, a 19.13-mile recreational path. The Commerce Center is anchored by prominent organizations including the Greater Sioux Falls Area Chamber of Commerce, Sioux Falls Development Foundation, and Experience Sioux Falls, underscoring its strong location and reputation. The surrounding area is rich with amenities, including a variety of boutiques, restaurants, coffee shops, hotels, and various services. Cultural attractions such as The Orpheum, The Washington Pavilion, and Falls Park are also within easy reach, offering employees and clients a vibrant and engaging environment. This property is ideal for traditional office, executive office, coworking, medical office, or creative office uses, and is well-suited for consulting firms, law firms, insurance agencies, government offices, or other similar businesses. In Minnehaha County, this building presents a unique opportunity for businesses seeking a central and well-connected location.
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Sioux Falls Sports Authority Corporate Office
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Coffea Roasterie and Espresso Bar Cafe & Coffee Shop
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Sioux Falls Development Foundation Social Service Agency
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Greater Sioux Falls Chamber of Commerce Business Service Center Advocacy Group
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United Logistics Freight L.L.C Freight Service Logistics Company
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
FP;FP · Sioux Falls, SDSioux Falls. Always verify with local authorities before improvements.
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.