700 Jackson StSioux City, IA 51105

Property Details for 700 Jackson St

Year built

1977

Lot size

0.54 AC

Property size (Sq ft)

7,092 SF

Property type

Office buildings

APN

894728185002

APU

894728185002

Description

This exceptional 7,092 square foot office building, located at 700 Jackson St in Sioux City, Iowa, presents a compelling investment opportunity. Built in 1977, this single-story property sits on a 0.54-acre lot and features 22 parking spaces, a significant advantage for tenants and visitors. The building is zoned GC and boasts high-quality finishes throughout its five occupied units, ensuring a steady cash flow for the investor. Each unit offers a comfortable and stylish environment, enhanced by modern fixtures and tasteful color schemes. Tenants enjoy a convenient greenspace courtyard. The property's prime location, just one block from MercyOne Siouxland Medical Center, adds to its appeal. The asking price is $875,000, translating to $123.38 per square foot. The property's APN is 894728185. This well-maintained building offers a blend of functionality, convenience, and aesthetic appeal, making it an ideal investment for discerning buyers. The property's strong tenant base and desirable location contribute to its significant investment potential. This is a rare opportunity to acquire a stable, income-producing asset in a thriving area of Sioux City. The building's features, combined with its strategic location, make it a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,095,237

  6.5%

  $1,010,988

  7%

  $938,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,976

  Geo Method

  $361,976

• Alternative Use

  Use

  Valuation

  Residential

  $1,253,625

  Hospitality

  $1,148,314

  Educational

  $955,383

  Medical

  $988,241

  Retail

  $1,486,152

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.4978

Longitude

-96.4016

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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