Property profile

601 Phillips Ave Sioux Falls, SD 57104

OFF-MARKET
Office Spaces
Property ID
US79-0083142
Individually Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 1,421-square-foot single-tenant office space at 601 S Phillips Avenue offers a prime location in downtown Sioux Falls. Completely renovated in 2019, the property boasts modern amenities including an in-suite restroom and a fully equipped kitchen featuring a refrigerator and dishwasher. The current furniture is negotiable, providing flexibility for the new tenant. Building signage is available, enhancing visibility and brand recognition. Ample parking is provided with seven designated spaces. Security is ensured with 24-hour video surveillance. The property is pet-friendly and fully wheelchair accessible, catering to a diverse workforce. High-speed Midco Business internet is included in the lease, minimizing operational costs. Tenants are responsible for gas and electric utilities. A one-month security deposit is required. This move-in ready space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in a vibrant urban setting. The property's modern features, ample parking, and included amenities make it an ideal choice for a variety of professional uses.

Property profile

Verified
Property type Office Spaces
UPID US79-0083142

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
  • Apartment Complex
  • Radio Station Telecommunications Service
  • Employment Agency
  • Marketing & Advertising Advertising Agency
  • Marketing & Advertising Advertising Agency

Location

601 Phillips Ave Sioux Falls, SD 57104
Sioux Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A

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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