Single-Story Freestanding Office
303 W 24TH ST Sioux City, IA 51104
For Sale
$900,000
COMMERCIAL - Sioux City, IA
Property Size7,377 SF
Lot Size0.61 Acres
Price / SF$122
Days on Market64
Property Features for 303 W 24TH ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
19193-894720213005
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EVANS LOTS 4 THRU 6; THE VAC N/S ALLEY (EX THE E 1/2 OF THE N/S ALLEY ABUTTING THE S 45 FT OF LOT 2 & ABUTTING LOT 3; AND THAT PT OF PERRY CREEK AS IT EXISTED AT THE TIME OF PLATTING OF EVANS ADDN WHICH LIES ADJ TO LOT 6 & S OF N LINE OF LOT 1 PROJECTED W
Tax Annual Amount
17374
Building Details
Year built
1982
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: May 26
Changed: Jul 22
Last Checked: Jul 28 at 3:06PM
MLS# 833105
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.
Investment Insights
Based on property information with market context.
This freestanding, single-story office building offers approximately 7,377 square feet and was built in 1982. The property is zoned General Commercial and provides a versatile footprint that can support a range of professional office or owner-user configurations. On-site concrete parking is available.
Located at 303 W 24TH ST in Sioux City, the building sits in the established Hamilton Blvd commercial corridor. The property’s placement along a primary north-south commercial spine is intended to support straightforward access for customers, staff, and visitors.
Located at 303 W 24TH ST in Sioux City, the building sits in the established Hamilton Blvd commercial corridor. The property’s placement along a primary north-south commercial spine is intended to support straightforward access for customers, staff, and visitors.
Key Highlights
- Freestanding 7,377 SF single‑story office building built in 1982
- Zoned General Commercial and suited for professional office, medical, financial services, or owner‑user configurations
- Hamilton Blvd commercial corridor in Sioux City
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.4k | $13.20 |
| − Vacancy | −$12.2k | −$1.65 |
| EGI | $85.2k | $11.55 |
| − OpEx | −$34.1k | −$4.62 |
| NOI | $51.1k | $6.93 |
7,377 SF · lease $13.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$730.3K
$639.0K – $852.1K
NOI $51,123 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$533.3K
$466.6K – $622.2K
NOI $37,330 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,597 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with on-site concrete parking, built in 1982, zoned General Commercial.
Where is this office building located?
The property is located at 303 W 24TH ST Sioux City, IA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Freestanding 7,377 SF single‑story office building built in 1982; Zoned General Commercial and suited for professional office, medical, financial services, or owner‑user configurations; Hamilton Blvd commercial corridor in Sioux City
