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Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor, Ste 109
  • 540 SF
  • Negotiable
  • $31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO
  • Office/Retail
  • Partial Build-Out
  • Now

Located in the vibrant heart of Downtown Sioux Falls, this retail suite offers exceptional visibility and foot traffic in one of the city’s most dynamic commercial corridors. Positioned at 421 North Phillips Avenue, Suite 109, the space is within an indoor retail center and offers immediate access to popular downtown attractions and cultural destinations. The suite provides a flexible layout suitable for retail or office use and includes an open floor plan, an office/backroom, a hand sink, and washer and dryer amenities, creating functionality for diverse operations. Surrounded by established businesses and high-profile neighbors such as Levitt at the Falls, Steel District, Startup Sioux Falls, and Chef Lance’s on Phillips, this location captures consistent pedestrian flow and proximity to major downtown amenities. Tenants benefit from convenient front-door parking and easy transit access, making it a practical and connected setting for businesses aiming to engage directly with the downtown market.

  • Listed rate may not include certain utilities, building services and property expenses
  • Flexible floor plan
  • High visibility and steady foot traffic
  • Fits 2 - 5 People
  • Convenient front-door parking
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor, Ste 109 540 SF Negotiable $31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO Office/Retail Partial Build-Out Now

1st Floor, Ste 109

Size
540 SF
Term
Negotiable
Rental Rate
$31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO
Space Use
Office/Retail
Build-Out
Partial Build-Out
Available
Now
Spaces are matched based on search filters: space use, price, and size
  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor, Ste 109
  • 540 SF
  • Negotiable
  • $31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO
  • Office/Retail
  • Partial Build-Out
  • Now

Located in the vibrant heart of Downtown Sioux Falls, this retail suite offers exceptional visibility and foot traffic in one of the city’s most dynamic commercial corridors. Positioned at 421 North Phillips Avenue, Suite 109, the space is within an indoor retail center and offers immediate access to popular downtown attractions and cultural destinations. The suite provides a flexible layout suitable for retail or office use and includes an open floor plan, an office/backroom, a hand sink, and washer and dryer amenities, creating functionality for diverse operations. Surrounded by established businesses and high-profile neighbors such as Levitt at the Falls, Steel District, Startup Sioux Falls, and Chef Lance’s on Phillips, this location captures consistent pedestrian flow and proximity to major downtown amenities. Tenants benefit from convenient front-door parking and easy transit access, making it a practical and connected setting for businesses aiming to engage directly with the downtown market.

  • Listed rate may not include certain utilities, building services and property expenses
  • Flexible floor plan
  • High visibility and steady foot traffic
  • Fits 2 - 5 People
  • Convenient front-door parking
  • 1st Floor, Ste 112
  • 1,155 SF
  • Negotiable
  • $30.13 /SF/YR $2.51 /SF/MO $34,800 /YR $2,900 /MO
  • Retail
  • Full Build-Out
  • Now

Jones421 Suite 112 offers an exceptional street-level retail or restaurant opportunity in the heart of downtown Sioux Falls. Positioned on North Phillips Avenue, a high-traffic location with vibrant pedestrian activity, this property delivers expansive windows that flood the space with natural light and maximize street visibility. The modern design creates an inviting atmosphere ideal for boutique retail, café concepts, or experiential service businesses. The suite features a bar counter setup, three-compartment sink, hand sink, stage area, and back room with mop sink, providing flexible configurations for food and beverage users. Tenants enjoy a gross lease structure with responsibility for electricity and internet, simplifying operational costs. Located in the Jones421 mixed-use building, the property benefits from built-in foot traffic from residential units and nearby popular attractions such as Levitt at the Falls, Falls Park, and The Steel District, driving consistent customer presence.

  • Listed rate may not include certain utilities, building services and property expenses
  • 1,155 SF retail/restaurant space
  • Includes bar, sinks, stage area
  • Fully Built-Out as Standard Retail Space
  • Expansive windows with great visibility
  • Prime downtown Sioux Falls location
  • 1st Floor, Ste 115
  • 1,600 SF
  • Negotiable
  • $33.75 /SF/YR $2.81 /SF/MO $54,000 /YR $4,500 /MO
  • Retail
  • Full Build-Out
  • Now

Positioned in the dynamic core of Sioux Falls, Suite 115 at Jones421 delivers a rare opportunity for a fully built-out restaurant or food-service operation. The space comes with a 12-foot hood, 3-compartment sink, hand sink, and negotiable restaurant equipment, reducing upfront costs for operators. This turnkey advantage makes it an immediate contender for restaurateurs seeking a presence in the city’s thriving downtown market. Situated among high-traffic commercial corridors, the property benefits from consistent pedestrian activity driven by nearby attractions such as Levitt at the Falls, Falls Park, and the Steel District. The surrounding district features a vibrant mix of retail, dining, and entertainment venues, creating strong synergy for any food and beverage concept. With excellent visibility and accessibility, this space ensures customers can easily locate and frequent the establishment. The neighborhood’s strong business community and access to popular destinations amplify the potential of this address. Entrepreneurs and established operators alike will find this location well-suited to capture the energy and growth feeding downtown Sioux Falls’ urban core.

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully equipped with 12-foot hood
  • High visibility in a bustling downtown district.
  • Fully Built-Out as a Restaurant or Café Space
  • Negotiable restaurant equipment included.
  • Steps away from Falls Park and Levitt at the Falls
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor, Ste 109 540 SF Negotiable $31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO Office/Retail Partial Build-Out Now
1st Floor, Ste 112 1,155 SF Negotiable $30.13 /SF/YR $2.51 /SF/MO $34,800 /YR $2,900 /MO Retail Full Build-Out Now
1st Floor, Ste 115 1,600 SF Negotiable $33.75 /SF/YR $2.81 /SF/MO $54,000 /YR $4,500 /MO Retail Full Build-Out Now

1st Floor, Ste 109

Size
540 SF
Term
Negotiable
Rental Rate
$31.31 /SF/YR $2.61 /SF/MO $16,907 /YR $1,409 /MO
Space Use
Office/Retail
Build-Out
Partial Build-Out
Available
Now

1st Floor, Ste 112

Size
1,155 SF
Term
Negotiable
Rental Rate
$30.13 /SF/YR $2.51 /SF/MO $34,800 /YR $2,900 /MO
Space Use
Retail
Build-Out
Full Build-Out
Available
Now

1st Floor, Ste 115

Size
1,600 SF
Term
Negotiable
Rental Rate
$33.75 /SF/YR $2.81 /SF/MO $54,000 /YR $4,500 /MO
Space Use
Retail
Build-Out
Full Build-Out
Available
Now

1st Floor, Ste 109

Size 540 SF
Term Negotiable
Rental Rate $31.31 /SF/YR
Space Use Office/Retail
Build-Out Partial Build-Out
Available Now

Located in the vibrant heart of Downtown Sioux Falls, this retail suite offers exceptional visibility and foot traffic in one of the city’s most dynamic commercial corridors. Positioned at 421 North Phillips Avenue, Suite 109, the space is within an indoor retail center and offers immediate access to popular downtown attractions and cultural destinations. The suite provides a flexible layout suitable for retail or office use and includes an open floor plan, an office/backroom, a hand sink, and washer and dryer amenities, creating functionality for diverse operations. Surrounded by established businesses and high-profile neighbors such as Levitt at the Falls, Steel District, Startup Sioux Falls, and Chef Lance’s on Phillips, this location captures consistent pedestrian flow and proximity to major downtown amenities. Tenants benefit from convenient front-door parking and easy transit access, making it a practical and connected setting for businesses aiming to engage directly with the downtown market.

  • Listed rate may not include certain utilities, building services and property expenses
  • Fits 2 - 5 People
  • Flexible floor plan
  • Convenient front-door parking
  • High visibility and steady foot traffic

1st Floor, Ste 112

Size 1,155 SF
Term Negotiable
Rental Rate $30.13 /SF/YR
Space Use Retail
Build-Out Full Build-Out
Available Now

Jones421 Suite 112 offers an exceptional street-level retail or restaurant opportunity in the heart of downtown Sioux Falls. Positioned on North Phillips Avenue, a high-traffic location with vibrant pedestrian activity, this property delivers expansive windows that flood the space with natural light and maximize street visibility. The modern design creates an inviting atmosphere ideal for boutique retail, café concepts, or experiential service businesses. The suite features a bar counter setup, three-compartment sink, hand sink, stage area, and back room with mop sink, providing flexible configurations for food and beverage users. Tenants enjoy a gross lease structure with responsibility for electricity and internet, simplifying operational costs. Located in the Jones421 mixed-use building, the property benefits from built-in foot traffic from residential units and nearby popular attractions such as Levitt at the Falls, Falls Park, and The Steel District, driving consistent customer presence.

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • 1,155 SF retail/restaurant space
  • Expansive windows with great visibility
  • Includes bar, sinks, stage area
  • Prime downtown Sioux Falls location

1st Floor, Ste 115

Size 1,600 SF
Term Negotiable
Rental Rate $33.75 /SF/YR
Space Use Retail
Build-Out Full Build-Out
Available Now

Positioned in the dynamic core of Sioux Falls, Suite 115 at Jones421 delivers a rare opportunity for a fully built-out restaurant or food-service operation. The space comes with a 12-foot hood, 3-compartment sink, hand sink, and negotiable restaurant equipment, reducing upfront costs for operators. This turnkey advantage makes it an immediate contender for restaurateurs seeking a presence in the city’s thriving downtown market. Situated among high-traffic commercial corridors, the property benefits from consistent pedestrian activity driven by nearby attractions such as Levitt at the Falls, Falls Park, and the Steel District. The surrounding district features a vibrant mix of retail, dining, and entertainment venues, creating strong synergy for any food and beverage concept. With excellent visibility and accessibility, this space ensures customers can easily locate and frequent the establishment. The neighborhood’s strong business community and access to popular destinations amplify the potential of this address. Entrepreneurs and established operators alike will find this location well-suited to capture the energy and growth feeding downtown Sioux Falls’ urban core.

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as a Restaurant or Café Space
  • Fully equipped with 12-foot hood
  • Negotiable restaurant equipment included.
  • High visibility in a bustling downtown district.
  • Steps away from Falls Park and Levitt at the Falls

About the Property

421 North Phillips Avenue, Suite 109, Sioux Falls, SD is a retail property situated in an indoor retail center in the city’s downtown district. The property is proximate to Levitt at the Falls, Falls Park, and other downtown commercial and cultural establishments. The location is accessible by major downtown roadways and is supported by pedestrian-oriented streetscape improvements.

Property Facts

Total Space Available 3,295 SF
No. Units 32
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Size 50,000 SF
Year Built 2018
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
  • Listing ID: 40427014

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 421 N Phillips Ave, Sioux Falls, SD 57104

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