1221 Pierce StSioux City, IA 51105

Property Details for 1221 Pierce St

Year built

1920

Lot size

0.52 AC

Property size (Sq ft)

21,810 SF

Zone code

C-13

Property type

Office buildings

APN

894728108011

APU

894728108011

Description

This exceptional two-story commercial building, located at 1221 Pierce St in Sioux City, Iowa, presents a unique investment opportunity. Built in 1920 and boasting 21,810 square feet of space, this property sits on a 1.04-acre lot (APN 894728108011) and is zoned for traditional office use. The asking price is $549,000, translating to $25.17 per square foot. The building features varying ceiling heights, ranging from 7-10 feet to 15-20 feet, offering flexibility for diverse layouts and uses. Its historic landmark status adds significant character and potential for adaptive reuse. The property includes the legal description of Sioux City East Lots 7, 8 & 9, all in Block 71. The closing date is negotiable, as the seller requires time to relocate. This presents a rare chance to acquire a substantial, historically significant commercial property in a desirable Sioux City location, ideal for entrepreneurial ventures or established businesses seeking a unique and spacious workspace. The property's size and location offer significant potential for future growth and development. The building's character and history provide a unique opportunity for a buyer seeking a distinctive commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,368,189

  6.5%

  $3,109,097

  7%

  $2,887,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,113,182

  Geo Method

  $1,113,182

• Alternative Use

  Use

  Valuation

  Residential

  $3,855,281

  Hospitality

  $3,531,416

  Educational

  $2,938,097

  Medical

  $3,039,142

  Retail

  $4,570,373

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Latitude

42.5037

Longitude

-96.4054

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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