101 Virginia StSioux City, IA 51101

Property Details for 101 Virginia St

Year built

2019

Lot size

0.04 AC

Property size (Sq ft)

1,696 SF

Property type

Office buildings

APN

894728463101

APU

894728463101

Description

This exceptional 1,870 square foot retail space is located in the vibrant Virginia Square District of downtown Sioux City. Situated on the ground floor of a Class A building totaling 4,144 square feet, this single-tenant space offers a fantastic opportunity for businesses seeking a prime location. The property boasts unparalleled accessibility, being just one block from the historic 4th Street and the Promenade movie theater, a five-minute walk from the Hard Rock, and a block away from the upcoming riverfront redevelopment project and I-29. This ensures high visibility and convenient access for customers. The building's prestigious tenant roster includes Keller Williams Siouxland, Goodin Insurance, Avid Hotel, and Table 32, further enhancing the desirability of this location. The landlord is offering a "vanilla shell" space along with a generous tenant improvement allowance of $25.00 per square foot, contingent upon a minimum five-year NNN lease. This allows for significant customization to suit your specific business needs. While expenses are estimated and property taxes are still being finalized, this opportunity presents a compelling combination of location, amenities, and financial incentives. Ideal for retail or professional services.

• CAP approach

  CAP return

  Valuation

  6%

  $261,917

  6.5%

  $241,770

  7%

  $224,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $86,564

  Geo Method

  $86,564

• Alternative Use

  Use

  Valuation

  Residential

  $299,794

  Hospitality

  $274,610

  Educational

  $228,472

  Medical

  $236,330

  Retail

  $355,401

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.4908

Longitude

-96.398

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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