302 Jones StSioux City, IA 51101

Property Details for 302 Jones St

Year built

2011

Lot size

0.01 AC

Property type

Commercial real estate

APN

894728460350

APU

894728460350

Description

This exceptional Class A office condo, located at 302 Jones St Ste 210 in Sioux City, IA, presents a compelling investment opportunity. The 5,069 square foot space boasts a 7.5% cap rate and is currently 100% occupied under a triple net (NNN) lease by a corporate tenant who recently extended their lease for five years. The building, constructed in 1906 and extensively renovated in 2011, is situated in the vibrant Historic 4th Street Entertainment District, adjacent to the Sioux City Convention Center, Marriott Courtyard, and a movie theater. This second-floor unit features a stunning open staircase crafted from 117-year-old Douglas fir timbers, a testament to the building's rich history. The sale includes five underground parking spaces, with the option to purchase additional spaces. The property sits on a 0.3-acre lot and is zoned DC. Detailed financial information is available upon request with a signed NDA. The APN is 894728460210. This is a rare opportunity to acquire a high-quality, income-producing asset in a prime downtown location. The asking price is $875,000, translating to $172.62 per square foot.

• Alternative Use

  Use

  Valuation

  Residential

  $110,479

  Hospitality

  $101,198

  Educational

  $84,195

  Medical

  $87,091

  Retail

  $130,971

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.4935

Longitude

-96.3997

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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