114 Main AveSioux Falls, SD 57104

Property Details for 114 Main Ave

Year built

1940

Construction

TYPE NOT SPECIFIED

Lot size

0.30 AC

Property size (Sq ft)

39,600 SF

Property type

Office buildings

APN

43015

APU

43015

Description

The Gas Co. Building, located at 114 S Main Ave in Sioux Falls, South Dakota, offers 10,535 square feet of prime executive office space in a Class B building constructed in 1941. Currently, the entire building is vacant and available for lease. The property features multiple suites, with a minimum divisible space of 2,391 square feet and a maximum contiguous space of 10,535 square feet, providing flexibility for various business needs. The building boasts convenient access to ample parking with 350+ spaces available. Modern conveniences include elevators. This exceptional location places your business in the heart of downtown Sioux Falls, surrounded by established businesses such as McGough Construction, 4Front Studios, Felsburg, Holt & Ullevig, Wells Fargo, Experity, CCC Information Services, US Bank, and First Dakota National Bank. The property is situated in Minnehaha County, South Dakota, zip code 57104. This is a rare opportunity to secure a prominent location in a thriving downtown area. The building's history and central location offer a unique blend of character and modern convenience. The substantial square footage and ample parking make this an ideal location for a variety of businesses seeking a prestigious address in Sioux Falls.

• CAP approach

  CAP return

  Valuation

  6%

  $6,116,022

  6.5%

  $5,645,560

  7%

  $5,242,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,021,184

  Geo Method

  $2,021,184

• Alternative Use

  Use

  Valuation

  Residential

  $7,000,494

  Hospitality

  $6,412,414

  Educational

  $5,335,054

  Medical

  $5,518,534

  Retail

  $8,298,972

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5467

Longitude

-96.7279

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].