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108 S Dakota Ave
Sioux Falls, SD 57104
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Main floor features a lobby with a gas fireplace, reception area, 2 office spaces, restrooms, large executive office, and an executive conference room
- The building has a large 17,863 SF indoor heated parking garage
- Built in 1966 and tastefully updated in 1977, 2012, 2014, 2020, and 2024
- Lower level is a versatile space, including a break area, tech room, open office area, meeting room with glass overhead doors, and lounge area
- Excellent opportunity to generate additional income from parking rentals to nearby businesses
EXECUTIVE SUMMARY
Presenting a distinctive commercial real estate opportunity in the heart of the central business district in downtown Sioux Falls. This iconic, round-shaped building, with a total area of 6,800 square feet, is now available for sale. The building also has a large 17,863 SF indoor heated parking garage. The site is supported by steady traffic patterns, including 1,900 VPD along S. Dakota Avenue and 3,300 VPD along 9th Street, and sits within a highly walkable district filled with dining, retail, and services that strengthen employee work-life balance.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,800 SF
Building Class
A
Year Built/Renovated
1966/2024
Price
$2,175,000
Price Per SF
$319.85
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,400 SF
Building FAR
0.30
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
DTPUD
Parking
75 Spaces (11.03 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 42979 | Improvements Assessment | $894,800 |
| Land Assessment | $311,300 | Total Assessment | $1,206,100 |
PROPERTY TAXES
Parcel Number
42979
Land Assessment
$311,300
Improvements Assessment
$894,800
Total Assessment
$1,206,100
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