Sioux Falls, SD Commercial Real Estate for Lease and Sale

Explore 92 listings of Sioux Falls commercial real estate to find the best space for your business.

Park Ridge Galleria Suites

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

Retail

32,865 SF
Availability

2 Spaces

5,723 SF
Year Built

1955
For Lease

$14.00 - $15.00/SF/YR
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Vanderesch Industrial Building

47219 Schweigers Circle, Sioux Falls, SD
Property

Industrial

37,787 SF
For Sale

$1,300,000
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Citibank Daycare Building

4800 N 4th Ave, Sioux Empire Development Park II, Sioux Falls, SD
Property

Office

49,424 SF
Year Built

1983
For Sale

$3,000,500
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5001 E. Grant Street

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

Office

4,900 SF
Year Built

2024
For Sale

$1,250,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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Simpson Building

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

Office

15,224 SF
Availability

9 Spaces

1,407 SF
Year Built

1912
For Lease

$425.00 - $700.00/MO
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707 S. Minnesota Avenue

707 S Minnesota Ave, Lewis, Sioux Falls, SD
Property

Retail

7,168 SF
Availability

1 Space

1,408 SF
Year Built

1990
For Lease

$16.50/SF/YR
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57th Street Properties

West 57th Street, Royal Oaks Estates, Sioux Falls, SD
Property

VacantLand
For Sale

$15.00-$18.00/ sq. ft.
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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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Graystone Heights Office Park

61st St & Sycamore Avenue, Briarwood Estates, Sioux Falls, SD
Property

VacantLand

30,871 SF
For Sale

$8.75 - $9.00/sq. ft.
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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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Building III

500 East 56th Street, Sioux Empire Development Park II, Sioux Falls, SD
Property

Office

122,293 SF
Year Built

1996
For Sale

$12,618,161
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Prospect Plaza South

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

Office

9,708 SF
Availability

3 Spaces

3,431 SF
Year Built

1983
For Lease

$10.00 - $12.00/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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450 S Kiwanis Avenue

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

Office

6,050 SF
Year Built

2024
For Sale

$750,000
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1323 S. Minnesota Avenue Redevelopment

1323 S Minnesota Ave, Park, Sioux Falls, SD
Property

Office

14,755 SF
Year Built

1949
For Sale

$1,673,000
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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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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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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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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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Building I

701 E 60th St N, Sioux Empire Development Park II, Sioux Falls, SD
Property

Office

123,028 SF
Year Built

1981
For Sale

$7,381,680
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Sage Meadow Village

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

VacantLand
For Sale

$9.00 - $16.00/SF
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47187 Winter Place

47187 Winter Pl, Sioux Falls, SD
Property

Industrial

22,145 SF
Availability

1 Space

22,145 SF
Year Built

1999
For Lease

$7.25/SF/YR
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Ramada by Wyndham

1301 W. Russell Street, Ramada Inn, Sioux Falls, SD
Property

Other

123,702 SF
Year Built

1962
For Sale

$16,500,000
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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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2500 W. 49th Street

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

Office

16,214 SF
Availability

2 Spaces

399 SF
Year Built

1986
For Lease

$370.00 - $650.00/MO
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Land East of the Ramada

1301 W Russell St, Ramada Inn, Sioux Falls, SD
Property

VacantLand

123,701 SF
Year Built

1962
For Sale

$696,960
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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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4512 W. 59th Street

4512 W. 59th Street, Pana, Sioux Falls, SD
Property

VacantLand
For Sale

$951,350.4
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2908 E. 26th Street, Suite A1 & A2

2908 E 26th St, Cherry Creek, Sioux Falls, SD
Property

Office

14,319 SF
Availability

2 Spaces

3,435 SF
Year Built

1986
For Lease

$16.00/SF/YR
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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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523 N. Kiwanis Avenue, Suite 101

523 N Kiwanis Ave, Hander & Moen, Sioux Falls, SD
Property

Industrial

13,650 SF
Availability

1 Space

4,269 SF
Year Built

1983
For Lease

$12.00/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

5 Spaces

622 SF
Year Built

1978
For Lease

$650.00 - $700.00/MO
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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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Graystone Commercial Lots

4501 East 57th Street, Graystone Heights, Sioux Falls, SD
Property

VacantLand
For Sale

$12.00 - $16.00/SF
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Sioux Falls Shopping Center

5623 Arrowhead Pkwy, Dawley Farm Village, Sioux Falls, SD
Property

Retail

10,151 SF
Availability

1 Space

2,405 SF
For Lease Contact for pricing
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CNA Building
Regus
101 Sout Reid Street Suite 307, Sioux Falls, SD
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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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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3701 S. Western Avenue

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

Industrial

28,475 SF
Availability

1 Space

28,475 SF
For Lease

$7.75/SF/YR
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1610 N Minnesota Avenue

1610 N Minnesota Ave, Sioux Falls International Airport, Sioux Falls, SD
Property

Office

20,809 SF
Availability

1 Space

9,927 SF
Year Built

2004
For Lease Contact for pricing
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Graystone Plaza

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

Retail

9,962 SF
Availability

3 Spaces

5,514 SF
Year Built

2023
For Lease

$24.00 - $27.00/SF/YR
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450 S Kiwanis Avenue

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

Office

6,050 SF
Availability

1 Space

6,050 SF
Year Built

2024
For Lease

$13.25/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

1,421 SF
Year Built

1941
For Lease

$15.00/SF/YR
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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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Gas Co. Building

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

Office

26,400 SF
Availability

2 Spaces

10,535 SF
Year Built

1941
For Lease

$13.00 - $23.50/SF/YR
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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

2 Spaces

10,535 SF
Year Built

1941
For Lease

$13.00 - $23.50/SF/YR
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1800 S. Alpine Avenue

1800 S Alpine Ave, Golden Valley, Sioux Falls, SD
Property

Office

3,136 SF
Availability

3 Spaces

360 SF
Year Built

1995
For Lease

$450.00 - $500.00/MO
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6221C S. Western Avenue - The Wedge

6221C S. Western Avenue, Prairie Hills, Sioux Falls, SD
Property

Retail

924 SF
Availability

1 Space

924 SF
Year Built

2019
For Lease

$15.00/SF/YR
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3628 N. Casco Avenue

3628 N Casco Ave, National Realty, Sioux Falls, SD
Property

Industrial

13,300 SF
Availability

1 Space

2,100 SF
For Lease

$7.50/SF/YR
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405 W. 34th Street

405 W 34th St, Wallner's, Sioux Falls, SD
Property

Office

3,600 SF
Year Built

1987
For Sale

$349,000
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Thraen - Wintersteen Land

Benson Road & La Mesa, Hazeltine, Sioux Falls, SD
Property

VacantLand
For Sale

$6,317,550
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25773 Cottonwood Avenue

25773 Cottonwood Avenue, Sioux Falls, SD
Property

Industrial

13,728 SF
Availability

1 Space

13,728 SF
For Lease

$7.50/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 1,901,726 square feet of office space across 45 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 146,365 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 418,413 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 134,270 square feet of available listings. Industrial space available in Sioux Falls adds up to 113,057 square feet.

Meanwhile, most of the listings of commercial property for sale in Sioux Falls are in the Office 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 $16.46 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 Highland neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Highland area.

Meanwhile, retail space opportunities are most abundant in the Westridge submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Sioux Falls International Airport.

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 $32 per square foot. In particular, the property type commanding the highest lease rates in Sioux Falls was Office 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 43,222 square feet.
Retail properties here incorporate an average of 11,259 square feet.
Industrial space in Sioux Falls is in buildings that are, on average 38,038 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 320,304 square feet. The market offers 28 active office listing(s), which amount to 119,017 square feet and account for 60% of commercial spaces on the market. Local retail availability includes 90,330 square feet across 10 retail space(s). Industrial space for rent opportunities in Sioux Falls amount to 110,957 square feet across a total of 8 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	28	119,017
Retail	10	90,330
Industrial	8	110,957

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 999,662 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 2 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	836,970
Retail	2	7,982
Industrial	5	123,839
Other	13	30,871

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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