109 W 2nd St, Sioux Falls, SD 57104 Property Records

Minnehaha County property record for 109 W 2nd St, Sioux Falls, SD 57104

Property Summary

Property Type	Mixed Use Commercial Office / Residential
Details	built 2018
Lot Size	2.72 acres (118,614 sqft)
Owner	Company Name on Record
Tax Bill	$552,350 (2025)
Deeds & Mortgages	Nov 2020 Line of Credit Aug 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`01-22-16-112-013-000`

Property Details

APN / Parcel Number

Primary APN	`01-22-16-112-013-000`
Alternative APN	`81592`

Interior

Plumbing Fixtures	11 Plumbing Fixtures
Units	361 Units
Stories	5 Stories
Basement Area	99,749 sqft
Elevator	Elevator

Exterior

Year Built	Built 2018
Effective Year Built	Effective 2018
Construction Type	Frame
Lot Area	118,614 sqft (2.72 acres)
Deck Area	1,805 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Heating System	HVAC

Location & Zoning

Account Number	81592
Street Address	109 W 2ND ST
City	SIOUX FALLS
State	SD
Zip	57104
Property Category	Commercial
Property Type	Commercial > Office > Mixed Use Commercial Office / Residential
Legal Description	LOT 1B BLOCK 3 PHILLIPS TO THE FALLS ADDN TO THE CITY OF SIOUX FALLS
Legal Subdivision	PHILLIPS TO THE FALLS ADDN
Legal Block	3
Legal Lot Number	1B
Jurisdiction	MINNEHAHA SD
Township / Civil Division	SIOUX FALLS
Census Block Group	4
Census Block	4017
Census Tract	100

Owner

Source: Minnehaha County records, as of September 23, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	101 S REID ST, 201, SIOUX FALLS, SD 57103-7062
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 19, 2020	Deed of Trust, Mortgage · Line of Credit BANK MIDWEST
Aug 19, 2021	Warranty Deed, Transfer · Commercial Mortgage CENTENNIAL MORTGAGE
Apr 26, 2021	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Record Updated	Oct 29, 2026

November 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MINNEHAHA SD
Property Address	701 N PHILLIPS AVE, SIOUX FALLS, SD 57104-1623
Transaction Type	Mortgage
Record Updated	May 2, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	101 S REID ST 201, 201, SIOUX FALLS, SD 57103-7062

Mortgage

Document Number	1905MTG/782
Date	Nov 19, 2020
Book Page	1905 MTG/782

Lender

Name	BANK MIDWEST
Type	Bank
Address	SIOUX FALLS, SD 57104

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	5 Months
Due	Apr 18, 2021

Interest

Rate Type	Adjustable Rate

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MINNEHAHA SD
Recording Date	Aug 19, 2021
Property Address	701 N PHILLIPS AVE, SIOUX FALLS, SD 57104-1623
Document Number	607DEED/426
Book / Page	607 DEED / 426
Instrument Date	Aug 16, 2021
Transaction Type	Transfer
Record Updated	May 2, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	101 S REID ST STE 201, 201, SIOUX FALLS, SD 57103-7062

Mortgage

Document Number	1931MTG755
Date	Aug 19, 2021
Instrument	1931 MTG/755

Lender

Name	CENTENNIAL MORTGAGE
Type	Mortgage Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	421 Months
Due	Sep 1, 2056

April 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MINNEHAHA SD
Recording Date	Apr 26, 2021
Property Address	701 N PHILLIPS AVE, SIOUX FALLS, SD 57104-1623
Document Number	604DEED/256
Book / Page	604 DEED / 256
Instrument Date	Apr 9, 2021
Transaction Type	Transfer
Record Updated	May 2, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	701 N EBENEZER AVE, SIOUX FALLS, SD 57107-3051

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	101 S REID ST STE 201, 201, SIOUX FALLS, SD 57103-7062

Tax Assessment & Valuation

Source: Minnehaha County assessment roll, as of July 16, 2026

Property Jurisdictions

Type	Name
State	South Dakota
County	Minnehaha County
Municipality	Sioux Falls City
Unified School District	Sioux Falls School District 49-5 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$33,313,300 (-3.15%) Land $1,516,300 Building $31,797,000	$33,313,300 Land $1,516,300 Building $31,797,000
2025	$552,350.00 (+11.46%)	$34,398,500 (+25.69%) Land $1,409,500 Building $32,989,000
2022	$495,577.00	$27,368,400 Land $1,186,000 Building $26,182,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective May 2, 2024

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 97% of the US · lower than 94% of South Dakota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SIOUX FALLS serves 216,462 people · EPA ID SD4600294
Water Source	Surface water
Last State Inspection	Jun 2025
Lead	3 ppb (2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 370 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Bluepeak Fiber	5,000 / 5,000
Midco Cable	2,000 / 350
Verizon Fixed Wireless	300 / 20

May also be available: CenturyLink.

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