700 4Th St Sioux City, IA 51101

This exceptional Class A office condominium, totaling 3,523 square feet, is ideally situated in Sioux City's vibrant downtown entertainment district. Currently 100% occupied, the space boasts abundant natural light and was extensively renovated in 2012 to meet stringent federal standards, as evidenced by its previous tenant, the Office of the Comptroller of the Currency (vacating April 30, 2023). The unit features convenient access via a 4th-floor entrance and skywalk connections to the Heritage Parking Ramp (344 spaces), Sioux City Convention Center, Marriott Courtyard, Mercy One hospital, Orpheum Theatre, Historic Pearl, Promenade 14 Cinema, and Marto Brewing. The 2.6-acre lot offers significant potential. 2022 operating expenses were $6.95 per square foot. The asking price is $627,360 ($45 per square foot), and the property is zoned DC. This presents a unique 1031 exchange opportunity. Significant private investment is underway in the surrounding area, totaling $46 million, further enhancing the property's value and future prospects. The unit can be combined with adjacent units (300/310, 1,987 sq ft) at the same price per square foot. The building itself is a completely remodeled Class A space.