0 Outer DrSioux City, IA 51104

Property Details for 0 Outer Dr

Lot size

37.00 AC

Property size (Sq ft)

1,481,040 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional 37-acre commercial land parcel, known as Northern Landing, presents a unique investment opportunity in Sioux City, Iowa. Located on Outer Dr N, zip code 51104, this property boasts a substantial 1,481,040 square feet and is ideally suited for a large-scale retail development. The asking price is $4,029,300, translating to $3 per square foot. The land value is also assessed at $3 per square foot. Situated within a federal Opportunity Zone, this site offers significant tax advantages. The property is zoned General Commercial and is primed to capture a substantial portion of the retail market, serving a population base exceeding 350,000 within the Sioux City IA-NE-SD MSA. The City of Sioux City has approved a mixed-use concept plan and is likely to provide tax increment financing for infrastructure improvements. Annual property taxes are approximately $1,466. This presents a compelling opportunity for developers seeking to establish a major retail presence in a rapidly growing market. The site's size and location make it perfect for a big-box retailer such as a second Target, a fifth Hy-Vee, or a Costco, capitalizing on the underserved northside market.

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.5299

Longitude

-96.3616

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