For Sale
$238,440

700 4Th St Sioux City, IA 51101

Prime Executive Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Class A office condominium, located at 700 4th St Unit 310 in Sioux City, Iowa, offers 1,987 square feet of meticulously renovated space. Completely remodeled in 2019, this unit boasts abundant natural light and is currently 100% occupied by a law office. The asking price is $238,440. Situated in the heart of Sioux City's entertainment district, the property benefits from a prime location with convenient access to the Sioux City Convention Center, Marriott Courtyard, Mercy One, Orpheum Theatre, Historic Pearl, Promenade 14 Cinema, and Marto Brewing via a skywalk. The building features two elevators and ample parking (344 spaces) in an adjacent structure, with a parking ratio of 6.25 spaces per 1,000 square feet and a monthly parking rate of $45. The 2.6-acre lot offers 88.5 feet of frontage and 128 feet of depth. 2022 operating expenses, including utilities, were $8.25 per square foot. This property presents a unique investment opportunity, particularly given the significant private investment ($46 million) in surrounding developments. The unit can be combined with an adjacent 5,228 sq ft unit at the same price per square foot. The property is zoned DC and has an APN of 894728384300

Highlights

  • $45/month parking in adjacent structure.
  • Structure parking with a 6.25:1,000 sq ft ratio.
  • Two elevators.
  • 1,987 sq ft Class A office condo, fully renovated in 2019, currently 100% occupied.
  • 88.5 ft lot frontage and 128 ft lot depth.
  • $8.25/sq ft net operating income (NOI) in 2022.

Property Details for 700 4Th St

Property type
Office properties
Square Feet
1,987 SF
Class
A
Year Built/Renovated
1972/2019
Lot Size (sq. ft)
113,256 SF

Location Insight

City
Sioux City
County
Woodbury
State
Iowa
Latitude
42.4939502
Longitude
-96.4017337

FAQs

What type of property is this?
Office property - Prime Executive Office, 100% Occupied
Where is the office property located?
The property is located at 700 4Th St Sioux City, IA.
What is the asking price?
The asking price for this property is $238,440.
What are key features of this property?
This property features: $45/month parking in adjacent structure.; Structure parking with a 6.25:1,000 sq ft ratio.; Two elevators.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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700 4Th St
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