Individually Owned Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 47,448 SF
- Lot area
- 0.84 ac
- Year built
- 1991
- Stories
- 3
- APN
- 59804
- Zoning
- FP;FP
- Assessed value · 2022
- $4,703,500
- Annual tax · 2022
- $85,744
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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