605.977.0778
Big-box retail building — Sioux Falls commercial real estate represented by Nelson CommercialMulti-tenant retail strip center for lease in Sioux Falls, South DakotaFurniture showroom retail property — Sioux Falls commercial real estateBrick restaurant and service building — Sioux Falls commercial real estate for sale
Sioux Falls · Since 1989

Commercial real estate, done right.

Large enough to close the deal, small enough to care. For 35 years, businesses, investors, and landlords across South Dakota have trusted Nelson Commercial with their most important transactions.

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605.977.0778
Mon–Fri · 9:00 am – 5:00 pm CT
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2M+
sq-ft leased
250k+
sites placed
500+
buyers represented
35+
years in Sioux Falls
Featured properties

For sale in Sioux Falls

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What we do

A full-service commercial brokerage, built for Sioux Falls.

Tenant Representation

We negotiate on your side of the table — rents, concessions, and flexibility that protect the business you're building.

Landlord Representation

Position, market, and lease your building with a team that already knows who's expanding — and who's leaving.

Investment Sales

Underwriting-first advisory for owner-users, 1031 buyers, and institutional investors across the Upper Midwest.

Land & Development

From site selection to entitlement to disposition — we help you see the deal others can't.

Why Nelson

Big-firm capability. Small-firm attention.

Our clients get institutional-grade underwriting, market data, and negotiation from a team that still returns calls the same day. That combination — depth plus care — is the reason more than half of our business comes from repeat clients and referrals.

Fiduciary-first

Your interests, in writing, at every stage.

35+ years local

We've closed in every submarket in the MSA.

Underwriting depth

Real comps, real assumptions, real numbers.

Relationships that stick

70% of clients hire us more than once.

"Ron and his team ran point on a complicated 1031 exchange and closed on our timeline without a single fire drill. Big-firm execution, small-firm attention."

Erik JohanssonPrincipal, Prairie Capital Partners

"We toured with three brokerages before choosing Nelson. Sara knew every rate and vacancy on 41st Street before we walked in the door."

Alicia RamosVP of Real Estate, Northline Coffee

"Michael's underwriting was tighter than the institutional shops we usually work with, and he actually returned calls."

Daniel WeissManaging Director, Meadowlark Industrial
Market insights

Real numbers from a real market.

All insights
Own commercial property?

Get a broker opinion of value for your property.

Answer four quick questions and one of our brokers will reach out to discuss a valuation grounded in real Sioux Falls comps — not an automated estimate.

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Local intel

Sioux Falls market, at a glance.

Current rent and cap-rate ranges plus how deal timing moves through the year — the same numbers our brokers quote on the phone.

Sioux Falls market snapshot

Broker-tracked ranges for Sioux Falls commercial real estate, updated with each quarterly market report.

Retail asking rent
$18–$28
PSF NNN
Office asking rent
$14–$22
PSF FS
Industrial asking rent
$6.50–$9.75
PSF NNN
Retail vacancy
4.2%
metro average
Industrial vacancy
3.1%
metro average
Cap rates
6.5–8.25%
by asset class
Deal-season planner

What a Sioux Falls commercial real estate timeline looks like month by month.

Summer — peak tour and closing season

Inventory and buyer traffic both peak. Retail tenants target fall openings, so leases signed now hit holiday sales.

Sioux Falls weather
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High / Low
Wind
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Planning a site walk, roof inspection, or drone shoot? Check conditions before you drive out — we schedule tours seven days a week.

Frequently asked

Answers before you call.

Still have questions? We'd rather have a conversation.

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