140 Phillips AveSioux Falls, SD 57104

Property Details for 140 Phillips Ave

Year built

1982

Construction

STEEL FRAME

Lot size

0.36 AC

Property size (Sq ft)

67,914 SF

Property type

Office buildings

APN

30006

APU

30006

Description

Equity Square, located at 140 N Phillips Ave in Sioux Falls, South Dakota, 57104, offers a unique blend of retail and office space in a prime downtown location. This four-story building, totaling 56,000 square feet, underwent a complete renovation in 2016, resulting in a modern and efficient workspace. The property is currently available for multiple tenants, with a minimum divisible space of 1,313 square feet and a maximum contiguous space of 1,500 square feet. This makes it ideal for a variety of businesses, from small startups to established companies seeking flexible and adaptable space. The building's professional subtype caters to businesses requiring a sophisticated and well-maintained environment. Its central downtown location provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to amenities. Interested parties are encouraged to inquire about available space and lease terms. The property's modern design and prime location make it an attractive option for businesses seeking a thriving and convenient location in Sioux Falls.

• CAP approach

  CAP return

  Valuation

  6%

  $10,488,972

  6.5%

  $9,682,128

  7%

  $8,990,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,466,330

  Geo Method

  $3,466,330

• Alternative Use

  Use

  Valuation

  Residential Income

  $12,005,838

  Hospitality / Lodging

  $10,997,284

  Institutional / Educational

  $9,149,611

  Healthcare / Senior Housing

  $9,464,280

  Retail / Commercial

  $14,232,728

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5482

Longitude

-96.7264

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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