901-03 21St StSouth Sioux City, NE 68776

Property Details for 901-03 21St St

Year built

1994

Property size (Sq ft)

4,000 SF

Property type

Office properties

Description

This exceptional commercial property, located at 901-03 West 21st Street in South Sioux City, Nebraska, presents a compelling investment opportunity. The 4,000 square foot Class B office building, constructed in 1994, sits on a sizable 27,225 square foot lot and is zoned for commercial use. Currently operating with 30% occupancy across three individual suites, each under a short-term lease, this property offers significant upside potential. The asking price is $425,000, translating to $112.50 per square foot. A pro forma analysis, based on market rents, projects an attractive 8.34% capitalization rate. The building boasts 16 parking spaces, conveniently located at the door, and enjoys a prime location near the intersection of West 21st and 9th Avenue, just east of Highway 77, ensuring high visibility and accessibility. The property's multi-tenant configuration allows for owner-occupancy or a purely investment-focused approach, maximizing rental income. The APN is 220172609. This is a rare opportunity to acquire a value-add office building in a desirable location with strong potential for increased profitability. The lease type is NNN.

Location Insight

City

South Sioux City

County

Dakota

State

Nebraska

Latitude

42.4702

Longitude

-96.4242

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