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Dillinger Building 101 S Main Ave 48,619 SF 100% Leased Office Building Sioux Falls, SD 57104 $10,115,200 CAD ($208.05 CAD/SF) 6.20% Cap Rate

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EXECUTIVE SUMMARY

Downtown Investment For Sale
High-profile location in downtown Sioux Falls on the southwest corner of 9th Street and Main Avenue.
Size:
Building: 38,535 sqft
Land: 0.62 acre
Price: $7,250,000 (6.2% cap rate)
On-Site Parking:
44 surface parking stalls
14 indoor parking stalls
Tenant Mix: Johnson, Janklow & Abdallah Law Firm (1st and 2nd Floors), Two Main Avenue storefront retail tenants (1st Floor), office tenants (3rd Floor), U.S. Public Defenders Office (4th Floor), 13 loft apartments (5th and 6th Floor) – 25 total tenants
Area Tenants: Sioux Falls City Hall, Wells Fargo, First Dakota National Bank, Downtown Siouxland Library, Liberty National Bank, Hotel on Phillips, Woodgrain Brewing Co.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
48,619 SF
Building Class
B
Year Built
1916
Price
$10,115,200 CAD
Price Per SF
$208.05 CAD
Cap Rate
6.20%
NOI
$627,142 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
4,906 SF
Building FAR
5.07
Lot Size
0.22 AC
Opportunity Zone
Yes
Parking
59 Spaces (1.29 Spaces per 1,000 SF Leased)

AMENITIES

  • Conferencing Facility
  • Fitness Center

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • $18.93 CAD
  • Triple Net
  • Sep 2025

At Johnson Janklow Abdallah, LLP, they have experienced personal injury trial lawyers are committed to a tradition of personal service and effective representation for each and every client, making them one of only seven law firms in South Dakota ranked highly recommended by Benchmark Litigation, the highest possible ranking, a national publication of America's leading litigation firms. Their lawyers have nearly 100 years of combined trial experience and they're dedicated to providing the highest quality representation in all practice areas related to litigation, trial work and appeals. Johnson Janklow Abdallah, LLP, is able to accept many cases on a contingency basis, which means that you do not pay a legal fee unless your case is settled or won at trial. With a contingency agreement, it does not cost you any more to hire the most experienced attorneys possible because all attorneys' fees are simply a flat percentage of the recovery.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - $18.93 CAD Triple Net Sep 2025
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
42985
Land Assessment
$229,650 CAD
Improvements Assessment
$7,421,208 CAD
Total Assessment
$7,650,858 CAD
  • Listing ID: 37692149

  • Date on Market: 2025-09-16

  • Last Updated:

  • Address: 101 S Main Ave, Sioux Falls, SD 57104

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