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Two-Tenant Retail and Office Building

3301 Singing Hills Boulevard Sioux City, IA 51106

Claim this Listing
For Sale
$1,750,000

COMMERCIAL - Sioux City, IA

Property size:
11,946 SF
Lot size:
2,023.00 Acres
Price / SF:
$146/SF
Added:
Apr 7, 2025
Days on Market:
460
Last Refresh:
Jul 10 at 10:06 pm

Property Features for 3301 Singing Hills Boulevard

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
884718155001
Lot size
2,023.00 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
SOUTHGATE 4TH LOT 2
Tax Annual Amount
55478

Building Details

Year built
2001

Listing agent Amy Kakacek

Listing office LPT Realty, LLC 12345 University Ave Suite 100, Clive, IA

Listing date Apr 7, 2025

MLS# 828194

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 two-tenant mixed-use building offers approximately 11,946 square feet of combined retail and office space. The front 4,100 square feet is configured as retail and has been occupied by a golf shop since 2018, with a five-year lease renewal exercised in 2023. The rear approximately 7,857 square feet is leased as office space to the Government Services Administration (GSA), with occupancy beginning in 2019 and a 15-year lease in place that includes a seven-year firm term. Both leases are described as modified gross leases.

The property is located at 3301 Singing Hills Boulevard in Sioux City, Iowa, on a major commercial thoroughfare. With tenants occupying both the retail and office portions, the building operates as a single offering with separate leased areas.

For buyers evaluating a stabilized, income-producing asset, the key practical feature here is simple: retail and office space are already leased to two tenants under modified gross terms. That existing occupancy supports continuity of operations across both the front retail suite and the rear office space, which may be well suited for investors seeking an organized, multi-tenant structure with current lease execution dates already established.

Key Highlights

  • Approximately 11,946 SF fully occupied two‑tenant building in Sioux City, Iowa
  • Front 4,100 SF retail space leased to a golf shop since 2018; 5‑year lease renewal exercised in 2023
  • Rear approximately 7,857 SF office space leased to GSA since 2019 on a 15‑year lease with 7 years firm

Local Financial Insights For Retail

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 $184.9k $15.48
− Vacancy −$15.6k −$1.31
EGI $169.3k $14.17
− OpEx −$50.8k −$4.25
NOI $118.5k $9.92
11,946 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.69M
$1.48M – $1.98M (±1% cap)
NOI $118,522 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M (±1% cap)
NOI $90,155 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.09M (±1% cap)
NOI $125,657 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Austad's Golf Sioux ... (Bike/Boat/Book/etc) Store Sioux City Ero ... Government Office

Suggested Use

Dental Office Real Estate Agency HVAC Service Garden Center Grocery & Convenience Store Plumbing Service Locksmith (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Home Appliance Store

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

FAQs

What type of property is this?
Mixed-use property - Fully occupied mixed-use building with retail and office tenants on a major Sioux City thoroughfare.
Where is this mixed-use property located?
The property is located at 3301 Singing Hills Boulevard Sioux City, IA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 11,946 SF fully occupied two‑tenant building in Sioux City, Iowa; Front 4,100 SF retail space leased to a golf shop since 2018; 5‑year lease renewal exercised in 2023; Rear approximately 7,857 SF office space leased to GSA since 2019 on a 15‑year lease with 7 years firm
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