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    Historic Three-Story Office Building Title is generated by Realmo AI

    501 Douglas Street, Sioux City, IA 51101

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    Claim this Listing
    For Sale
    $399,000

    COMMERCIAL - Sioux City, IA

    Property size:
    4,875 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $81/SF
    Added:
    Dec 4, 2024
    Days on Market:
    570
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 501 Douglas Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    894728307009
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SIOUX CITY EAST S 1/2 E 66 FT LOT 7 BLK 8
    Tax Annual Amount
    18196

    Building Details

    Year built
    1919

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    Contact an agent
    Jennifer Rose Bass
    Jennifer Rose Bass

    Listing agent Jennifer Rose Bass

    Listing office Century 21 ProLink 1114 4th Street, Sioux City, IA

    Listing date Dec 4, 2024

    MLS# 827060

    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

    • Three‑story office building built in 1919 with 4,875 SF total (1,625 SF per floor)
    • Over $750,000 in renovations completed, with no additional work stated beyond moving in
    • Top floor includes a large conference room/work area plus a restroom
    • Second floor features five private offices, an open work space, and a restroom
    • First floor offers an open work area/conference room, kitchenette, and two restrooms
    • Unfinished full‑footprint basement adds additional SF; building lease available at $12/SF NNN

    Overview

    Built in 1919 and known as the “Buffalo Building,” this three-story property totals 4,875 SF, with approximately 1,625 SF per floor. The building has been fully restored following more than $750,000 in renovations. Expansive windows and high ceilings create an open atmosphere, while each level includes practical improvements for day-to-day operations, including multiple restrooms.

    The first floor features a spacious open work area or conference room, a kitchenette, and two restrooms. The second floor offers five private offices, an open work space, and a restroom. The third floor includes a large conference room or work area and a restroom. An unfinished basement spans the entire footprint, providing additional area for storage or future expansion. The property also has association with the “Yawar Fiesta” mural by artist Martin Ron on the west side of the building.

    Located at 501 Douglas Street in Sioux City, the building is positioned as an option for owner-users or buyers seeking a restored, character-forward office environment with room for multiple office configurations. The ground floor spaces may be eligible for the Sioux City Downtown Tenant Improvement Program, which provides financial assistance toward build-out costs. For leasing, the property may be available on a NNN basis at $12/SF NNN.

    Local Financial Insights For Office B

    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 $45.0k $9.24
    − Vacancy −$12.2k −$2.49
    EGI $32.9k $6.75
    − OpEx −$8.2k −$1.69
    NOI $24.7k $5.06
    4,875 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $352.4K
    $308.4K – $411.2K (±1% cap)
    NOI $24,669 @ 7.0% cap · market cap 6.18%
    Second Best
    no second resolved use
    Theoretical Best
    Specialty Retail
    $732.6K
    $641.0K – $854.7K (±1% cap)
    NOI $51,279 @ 7.0% cap · market cap 12.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.406757
    Latitude
    42.495622

    FAQs

    What type of property is this?
    Office building - Restored 1919 office building with large windows, high ceilings, and multiple restrooms across three floors and a full unfinished basement.
    Where is this office building located?
    The property is located at 501 Douglas Street Sioux City, IA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Three‑story office building built in 1919 with 4,875 SF total (1,625 SF per floor); Over $750,000 in renovations completed, with no additional work stated beyond moving in; Top floor includes a large conference room/work area plus a restroom
    More about this property
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