For Sale
$445,000

2020 Indian Hills Dr Sioux City, IA 51104

High-Cap Rate Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Class B office building in Sioux City, IA, presents a compelling investment opportunity with an 8.79% cap rate. Located at 2020 Indian Hills Dr, this two-story, 6,016 square foot property boasts 30 parking spaces on a 0.33-acre lot. The main floor is currently leased to Aveanna Home Health until July 31, 2028, providing immediate income. The lower level offers versatile space ideal for an owner-user or additional lease income. The building features a reception area, eight large private offices, a conference room, coffee bar, storage room, and two restrooms on the main floor. The lower level includes a private office, male and female restrooms, a kitchenette, and a large open bullpen area. The property is zoned SC and features ample off-street parking. The building was constructed in 2000 and has an APN of 894710380011. This is a rare opportunity to acquire a well-maintained, income-producing office building in a desirable location. The asking price is $445,000. Don't miss this chance to add a high-yield asset to your portfolio.

Highlights

  • $445,000 asking price.
  • 6,016 square foot Class B office building.
  • 8.79% cap rate.
  • Located at 2020 Indian Hills Dr, Sioux City, IA 51104.
  • Main floor currently leased to Aveanna Home Health through 7/31/28.
  • Basement space available for owner-user or lease.

Property Details for 2020 Indian Hills Dr

Property type
Office properties
Square Feet
6,016 SF
Class
B
Year Built
2000
Stories
2
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Sioux City
County
Woodbury
State
Iowa
Latitude
42.534155
Longitude
-96.3845744

FAQs

What type of property is this?
Office property - High-Cap Rate Office Investment
Where is the office property located?
The property is located at 2020 Indian Hills Dr Sioux City, IA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: $445,000 asking price.; 6,016 square foot Class B office building.; 8.79% cap rate.
How can I contact the broker?
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2020 Indian Hills Dr
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