Sioux Falls, SD Commercial Real Estate for Lease and Sale

Explore 74 listings of Sioux Falls commercial real estate for lease and for sale to find the best space for your business.

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1001 E. 52nd Street N

1001 E 52nd St N, Sioux Empire Development Park II, Sioux Falls, SD
Property

Industrial

13,320 SF
Availability

1 Space

13,320 SF
Year Built

1981
For Lease

$8.75/SF/YR
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601 S. Phillips Avenue, Suite 101

601 South Phillips Avenue, Gale's, Sioux Falls, SD
Property

Office

1,998 SF
Availability

1 Space

1,998 SF
Year Built

1941
For Lease

$21.00/SF/YR
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2425 W. 58th Street N

2425 W. 58th Street N, Dunlap, Sioux Falls, SD
Property

VacantLand
For Sale

$2,967,742.8
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Sioux Empire Development Park - Park VIII East

Park VIII East, National Realty, Sioux Falls, SD
Property

VacantLand
For Sale

$797,801.4
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Sage Meadow Village

W 85th St & Tallgrass Avenue, West Pointe Estates, Sioux Falls, SD
Property

VacantLand
For Sale Contact Broker for Pricing
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Falls Center, Suite 330 Office Suite

431 North Phillips Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

57,200 SF
Availability

1 Space

1,820 SF
Year Built

1896
For Lease

$20.00/SF/YR
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101 N. Main Avenue, Suites 308 & 310

101 N Main Ave, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

71,194 SF
Availability

1 Space

1,517 SF
Year Built

1996
For Lease

$20.00/SF/YR
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1500 E 31st Street N

1500 East 31st Street North, Norton, Sioux Falls, SD
Property

Industrial

10,800 SF
Availability

2 Spaces

4,800 SF
Year Built

2021
For Lease

$2,300.00/MO
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601 S. Phillips Avenue, Suite 101

601 South Phillips Avenue, Gale's, Sioux Falls, SD
Property

Office

1,998 SF
Year Built

1941
For Sale

$549,000
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3200 W. Sencore Drive #2

3200 W Sencore Dr, Dickey, Sioux Falls, SD
Property

Industrial

92,517 SF
Availability

1 Space

19,027 SF
Year Built

1969
For Lease

$12.00/SF/YR
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731 N. Cliff Avenue

731 N Cliff Ave, Downtown Sioux Falls, Sioux Falls, SD
Property

Retail

2,984 SF
Year Built

1937
For Sale

$395,000
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Graystone Plaza

4505 E 57th Street, Graystone Heights, Sioux Falls, SD
Property

Retail

9,962 SF
Availability

6 Spaces

10,254 SF
Year Built

2023
For Lease

$24.00 - $27.00/SF/YR
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3120 W. 12th Street Storage

3120 W 12th St, Elmen Trailhead, Sioux Falls, SD
Property

Industrial

34,751 SF
Availability

1 Space

552 SF
Year Built

1979
For Lease

$750.00/MO
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3628-3632 N. Casco Avenue

3620 N Casco Ave, National Realty, Sioux Falls, SD
Property

Industrial

13,300 SF
Availability

2 Spaces

4,900 SF
For Lease

$7.50/SF/YR
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808 W. Cherokee Street

808 W Cherokee St, Sioux Falls International Airport, Sioux Falls, SD
Property

Industrial

69,890 SF
Availability

1 Space

25,000 SF
Year Built

1971
For Lease

$9.00/SF/YR
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2500 W. 49th Street

2500 W 49th Street, Brown, Sioux Falls, SD
Property

Office

16,214 SF
Availability

2 Spaces

1,940 SF
Year Built

1986
For Lease

$990.00 - $2,250.00/MO
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Jones421, Suite 116

421 North Phillips Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Retail

16,517 SF
Availability

1 Space

520 SF
Year Built

2017
For Lease

$1,200.00/MO
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120 N Phillips Avenue

120 North Phillips Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

38,890 SF
Availability

1 Space

2,400 SF
Year Built

1978
For Lease

$10.00/SF/YR
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Westridge Mall

8513 - 8529 W. 26th Street, Westridge, Sioux Falls, SD
Property

Retail

18,017 SF
Availability

4 Spaces

10,890 SF
For Lease Contact for pricing
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450 S Kiwanis Avenue

450 South Kiwanis Avenue, Beverly Gardens, Sioux Falls, SD
Property

Other

6,050 SF
Availability

1 Space

6,050 SF
Year Built

2024
For Lease

$13.25/SF/YR
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Sale or NNN Ground Lease Opportunity on Major Thoroughfare

4001 E 10th St , Linwood Park, Sioux Falls, SD
Property

Retail

4,490 SF
Year Built

1981
For Sale

$975,000
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1001 E. 52nd Street N

1001 E 52nd St N, Sioux Empire Development Park II, Sioux Falls, SD
Property

Industrial

13,320 SF
Year Built

1981
For Sale

$1,850,000
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Falls Church Sublease Office/Retail Space

2701 South Minnesota Avenue, Fredin's, Sioux Falls, SD
Property

Office

460,000 SF
Availability

1 Space

5,424 SF
Year Built

1956
For Lease

$2,500.00/MO
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3620 N. Casco Avenue

3620 N Casco Ave, National Realty, Sioux Falls, SD
Property

Industrial

13,300 SF
Availability

1 Space

3,150 SF
For Lease

$8.00/SF/YR
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Southeastern Behavioral Sublease Office Space

431 N Phillips Ave, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

57,200 SF
Availability

1 Space

1,725 SF
Year Built

1896
For Lease

$14.50/SF/YR
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3600 S Westport Ave

3600 S Westport Ave, Gold Creek East, Sioux Falls, SD
Property

Office

18,160 SF
Availability

7 Spaces

8,822 SF
Year Built

1978
For Lease

$25.00 - $79.59/SF/YR
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Park Ridge Galleria Suites

1714 S Western Avenue, Park Ridge, Sioux Falls, SD
Property

Retail

32,865 SF
Availability

1 Space

3,080 SF
Year Built

1955
For Lease

$15.00/SF/YR
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5001 E. Grant Street

5001 E Grant St, Capitol Hill, Sioux Falls, SD
Property

Office

4,900 SF
Availability

1 Space

4,900 SF
Year Built

2024
For Lease

$18.00/SF/YR
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6300 S Old Village Pl, Suite 201

6300 S Old Village Pl, Village at Heather Ridge, Sioux Falls, SD
Property

Office

29,136 SF
Availability

1 Space

4,223 SF
Year Built

2004
For Lease

$19.50/SF/YR
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2900 E Rice Street

2900 E Rice St, McElroy, Sioux Falls, SD
Property

Industrial

19,600 SF
Availability

1 Space

19,600 SF
Year Built

1972
For Lease

$17,500.00/MO
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3701 S. Western Avenue

3701 S Western Ave, Griffin, Sioux Falls, SD
Property

Industrial

28,475 SF
Availability

1 Space

16,792 SF
For Lease

$11.00/SF/YR
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5929 S Mogen Avenue

5929 S Mogen Ave, Sonler, Sioux Falls, SD
Property

Office

17,930 SF
Year Built

1997
For Sale

$3,730,000
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Old Chicago Building

4301 W 41st Street, Sioux Empire, Sioux Falls, SD
Property

Retail

10,765 SF
Availability

1 Space

10,765 SF
Year Built

1983
For Lease

$18.00/SF/YR
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Gas Co. Building

114 S. Main Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

26,400 SF
Availability

3 Spaces

1,610 SF
Year Built

1940
For Lease

$800.00 - $1,100.00/MO
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Interstate Crossing Business Park Land

W 59th Street, Pana, Sioux Falls, SD
Property

Office
For Sale

$8,076,024
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2101 W. 41st Street, Suite 34

2101 West 41st Street, Western Mall, Sioux Falls, SD
Property

Office

12,125 SF
Availability

1 Space

12,125 SF
For Lease

$10.00/SF/YR
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HHB Land

Annika, Sioux Empire Development Park, Sioux Falls, SD
Property

Industrial
For Sale

$2,265,120
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3000 East 69th Street

3000 East 69th Street, Emerald Valley, Sioux Falls, SD
Property

VacantLand
For Sale

$14.00-$16.00/SF
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5929 S Mogen Avenue

5929 S Mogen Ave, Sonler, Sioux Falls, SD
Property

Office

17,930 SF
Availability

2 Spaces

17,930 SF
Year Built

1997
For Lease

$5.00 - $16.00/SF/YR
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501 E 52nd Street N

501 E 52nd St N, Sioux Empire Development Park II, Sioux Falls, SD
Property

Industrial

56,000 SF
Year Built

1976
For Sale

$4,631,250
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Prospect Plaza South

629 S. Minnesota Avenue, Grigsby's, Sioux Falls, SD
Property

Office

9,708 SF
Year Built

1983
For Sale

$995,000
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4800 E. 57th Street

4800 E. 57th Street, Brooks Crossing, Sioux Falls, SD
Property

Office

6,976 SF
Availability

1 Space

4,546 SF
Year Built

2016
For Lease

$18.00/SF/YR
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Jameson Building

3500 S Phillips Avenue, Elmen - Paulsen, Sioux Falls, SD
Property

Office

19,804 SF
Availability

1 Space

1,181 SF
Year Built

1978
For Lease

$14.00/SF/YR
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South Dakota Military Heritage Alliance

1600 & 1700 W. Russell Street, Sioux Falls International Airport, Sioux Falls, SD
Property

Office

69,470 SF
Availability

3 Spaces

693 SF
For Lease

$345.00 - $770.00/MO
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114 S Main Ave, Suite 2A

114 S Main Ave, Suite 2A, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

26,400 SF
Availability

1 Space

7,040 SF
Year Built

1940
For Lease

$13.00/SF/YR
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Three Fountains Retail Land

2000 W 85th Street, Three Fountains, Sioux Falls, SD
Property

VacantLand
For Sale

$913,017.6
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SMP Office Space

516 N Garfield Cir, Suite 1, Parkland, Sioux Falls, SD
Property

Office

6,000 SF
Availability

1 Space

358 SF
Year Built

2002
For Lease

$550.00/MO
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100 N. Krohn Place

100 N Krohn Pl, Highland, Sioux Falls, SD
Property

Office

11,108 SF
Availability

3 Spaces

966 SF
Year Built

1921
For Lease

$800.00 - $900.00/MO
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3936 S. Western Avenue

3936 South Western Avenue, Burlington, Sioux Falls, SD
Property

Office

15,054 SF
Availability

1 Space

3,686 SF
For Lease

$12.00/SF/YR
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2500 W. 46th Street, Suite 101

2500 W 46th St, Western Mall, Sioux Falls, SD
Property

Office

12,166 SF
Availability

1 Space

1,396 SF
Year Built

1996
For Lease

$19.75/SF/YR
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5620 W. 9th Street

5620 W. 9th Street, Pine Meadows, Sioux Falls, SD
Property

Industrial

40,000 SF
Availability

1 Space

16,000 SF
Year Built

1989
For Lease

$6.50/SF/YR
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2511 S. Minnesota Avenue

2511 South Minnesota Avenue, Fredin's, Sioux Falls, SD
Property

Retail

17,117 SF
Availability

1 Space

10,159 SF
Year Built

1951
For Lease

$10.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Sioux Falls commercial real estate market incorporates 1,104,966 square feet of office space across 34 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Sioux Falls commercial real estate market includes 164,094 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Sioux Falls market, there is a total of 504,465 square feet of industrial property.

The listing inventory in Sioux Falls incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Sioux Falls is represented by Office space, which accounts for 115,144 square feet of available listings. Industrial space available in Sioux Falls adds up to 113,156 square feet.

Meanwhile, most of the listings of commercial property for sale in Sioux Falls are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Sioux Falls is $16.71 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Sioux Falls can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Sioux Falls, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Sioux Falls is in the Downtown Sioux Falls neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Sioux Falls area.

Meanwhile, retail space opportunities are most abundant in the Graystone Heights submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in National Realty.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30.07 per square foot. In particular, the property type commanding the highest lease rates in Sioux Falls was Retail space.

The average size of a commercial property in Sioux Falls depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Sioux Falls, the average size of an office property is 33,484 square feet.
Retail properties here incorporate an average of 10,940 square feet.
Industrial space in Sioux Falls is in buildings that are, on average 33,631 square feet in size.

Sioux Falls, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Sioux Falls currently add up to 359,739 square feet. The market offers 27 active office listing(s), which amount to 123,334 square feet and account for 52% of commercial spaces on the market. Local retail availability includes 101,439 square feet across 12 retail space(s). Industrial space for rent opportunities in Sioux Falls amount to 128,916 square feet across a total of 11 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	27	123,334
Retail	12	101,439
Industrial	11	128,916
Other	1	6,050

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Sioux Falls, SD. Currently, there is 288,408 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 3 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	34,536
Retail	3	15,346
Industrial	6	193,159
Other	7	45,367

Sioux Falls, SD Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Sioux Falls, SD?

What factors affect the price of commercial real estate in Sioux Falls, SD?

What is the average rent for commercial space in Sioux Falls, SD?

What are the best areas for commercial real estate in Sioux Falls, SD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Sioux Falls, SD?

Sioux Falls, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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