Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Bar and Entertainment Venue Title is generated by Realmo AI

    2611 CORRECTIONVILLE RD, Sioux City, IA 51106

    View on Map
    Claim this Listing
    For Sale
    $145,000

    COMMERCIAL - Sioux City, IA

    Lot size:
    0.10 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    117
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for 2611 CORRECTIONVILLE RD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    19193-894727479021
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    GREENS LOT 29 BLK 1
    Tax Annual Amount
    2258

    Building Details

    Year built
    1905

    We can help!

    Listing Contact
    Jamie Friedel

    Listing agent Jamie Friedel

    Listing office Plains Asset Group 513 Jackson St, Sioux City, IA

    Listing date Feb 5, 2026

    MLS# 831719

    Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large, open floor plan suitable for redevelopment and customization.
    • Existing bar setup and seating areas included.
    • Second‑floor area with potential for office, administrative, or storage space.
    • Value‑add opportunity for owner‑operator or investor.
    • Located in Sioux City, IA.
    • Offered AS‑IS with all existing fixtures, improvements, and contents.

    Overview

    This spacious former bar and entertainment venue is located in Sioux City, IA. The property features a large open floor plan with an existing bar setup, seating areas, and multiple gathering spaces. It includes a long built-in bar and ample room for tables or events. A second-floor area, accessed via a rear entrance, is currently unfinished and requires remodeling to suit the buyer's vision. This second floor offers potential for non-residential uses such as office, administrative, or storage space, subject to buyer's due diligence, applicable zoning, building codes, and required approvals. The property is being offered AS-IS with all existing fixtures, improvements, and contents remaining. The buyer is responsible for independently verifying the condition, permitted uses, and suitability for their intended purpose. The interior allows for flexible redevelopment and customization, presenting a strong value-add opportunity for an owner-operator or investor. The lot size is 0.101 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    South Bottomz Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.375108
    Latitude
    42.490479

    Nearby Similar for Sale

    • $900,000
      7,377 SF

      Sioux City Office Building

      Freestanding office building in established commercial corridor.
      303 W 24TH ST, Sioux City, IA 51104
      View Details
    • $700,000
      4,068 SF

      Prime Sioux City Corner Property

      Two-story commercial building in Sioux City's entertainment district.
      501 Pearl Street, Sioux City, IA 51101
      View Details
    • $850,000
      6,625 SF

      Fully Occupied Multifamily Investment Property

      Thirteen-unit multifamily property with immediate cash flow in Sioux City.
      2429-47 Williams Ave., Sioux City, IA 51103
      View Details
    • $1,200,000
      22,500 SF

      Downtown Sioux City Office Building

      Three-story commercial building in downtown Sioux City with parking.
      820 PIERCE ST, Sioux City, IA 51101
      View Details
    • $550,000

      Turnkey Investment Opportunity in Iowa

      Fully leased commercial spaces with long-term tenants in Sioux City.
      1923 Pierce Street, Sioux City, IA 51104
      View Details
    • $869,900
      924 SF

      Sioux City Multifamily Investment

      Six-unit multifamily property in Sioux City, fully rented.
      1520-22 Martha, Sioux City, IA 51105
      View Details
    • $397,500

      Commercial Property in Sioux City, IA

      Well-located commercial property with proven rental income and future potential.
      4242 GORDON DR, Sioux City, IA 51106
      View Details
    • $2,750,000
      54,000 SF

      Historic Sioux City Mixed-Use Building

      Eight-story mixed-use building in downtown Sioux City with retail and office.
      505 5th Street, Sioux City, IA 51101-1344
      View Details
    • $2,600,000

      Renovated Hotel Near Sioux Airport

      71-room hotel with recent renovations and expansion potential.
      6166 HARBOR DR, Sioux City, IA 51111
      View Details
    • $850,000
      17,200 SF

      Downtown Sioux City Retail Spaces

      Eight retail spaces at 5th and Nebraska in Sioux City.
      500 Nebraska Street, Sioux City, IA 51101-1344
      View Details
    • $289,900
      3,892 SF

      Well-Maintained Fully Rented Fourplex

      Fourplex in good condition, fully rented, updated unit, newer features.
      505 17TH Street, Sioux City, IA 51105
      View Details
    • Contact for pricing
      3,520 SF

      Move-in Ready Office Space

      3,520 SF office space in downtown Sioux City.
      600 4th street, Sioux City, IA 51101
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Spacious Sioux City venue with redevelopment potential.
    Where is this bar & pub located?
    The property is located at 2611 CORRECTIONVILLE RD Sioux City, IA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Large, open floor plan suitable for redevelopment and customization.; Existing bar setup and seating areas included.; Second‑floor area with potential for office, administrative, or storage space.
    (712) 539-0990
    We can help!
    Listing Contact
    Jamie Friedel
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2611 CORRECTIONVILLE RD, Sioux City, IA 51106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!