3500 Phillips AveSioux Falls, SD 57105

Property Details for 3500 Phillips Ave

Year built

1978

Construction

TYPE NOT SPECIFIED

Lot size

1.01 AC

Property size (Sq ft)

19,804 SF

Property type

Office buildings

APN

39834

APU

39834

Description

The Jameson Building, a prestigious Class A office property located at 3500 S. Phillips Avenue in Sioux Falls, South Dakota, offers a unique opportunity for businesses seeking high-quality space. This 19,804 square foot building, constructed in 1978, sits on a 1.01-acre lot and boasts a convenient location at the southeast corner of E. 43rd Street and S. Phillips Avenue. Its prime location provides easy access to major transportation arteries, including Minnesota Avenue, Interstate 229, and 41st Street, ensuring seamless commutes for employees and clients. Currently, there is 801 square feet of vacant, traditional executive office space available for lease within this multi-tenant building. The building features ample paved on-site parking for tenants and visitors. The property is situated in Minnehaha County, South Dakota, and offers a desirable address within Sioux Falls' thriving business community. This is an exceptional opportunity to secure space in a well-maintained, Class A building with excellent visibility and accessibility. The available space is ideal for a variety of businesses seeking a professional and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,058,635

  6.5%

  $2,823,355

  7%

  $2,621,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,796

  Geo Method

  $1,010,796

• Alternative Use

  Use

  Valuation

  Residential

  $3,500,960

  Hospitality

  $3,206,861

  Educational

  $2,668,070

  Medical

  $2,759,830

  Retail

  $4,150,332

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5128

Longitude

-96.7257

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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