Corner Mixed-Use
501 Pearl Street Sioux City, IA 51101
501 Pearl Street, Sioux City, IA, 51101
$700,000
For Sale
$700,000
COMMERCIAL - Sioux City, IA
Property Size8,136 SF
Lot Size0.09 Acres
Price / SF$86.04
Days on Market118
Property Features for 501 Pearl Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 894728306013
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SIOUX CITY EAST LOT 7 (EX PT BEG AT SW COR THNC N 50.48 FT, THNC E 75.96 FT, THNC S 16.63 FT, THNC W 10.25 FT, THNC S 33.84 FT, THNC W 65.68 FT TO POB) BLK 7
- Tax Annual Amount
- 3998
Building Details
- Year built
- 1900
Listing Agency
Century 21 ProLink
(712) 224-2300
1114 4th Street, Sioux City, IA
Listed by
KJ Wingert
(712) 251-9905
Added: Mar 23 Checked: Jul 18 at 6:06 am
MLS# 832204
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.
501 Pearl Street is a corner commercial building designed for flexible use, featuring two floors with 4,068 square feet on each level and tall ceilings. Each side includes a full basement, and large second-floor windows are positioned to provide wide downtown-area views.
The property sits along a main corridor in Sioux City’s entertainment district and is described as highly visible. It is located kitty-corner from a public parking ramp and adjacent to a neighboring property undergoing renovations.
The building’s layout supports an easy conversion into two separate units, making it suitable for leasing both spaces or occupying one while generating income from the other. The property is equipped with 3-phase power and electrical capacity intended to support higher-demand operations.
The property sits along a main corridor in Sioux City’s entertainment district and is described as highly visible. It is located kitty-corner from a public parking ramp and adjacent to a neighboring property undergoing renovations.
The building’s layout supports an easy conversion into two separate units, making it suitable for leasing both spaces or occupying one while generating income from the other. The property is equipped with 3-phase power and electrical capacity intended to support higher-demand operations.
Key Highlights
- 2‑story corner property at 501 Pearl St (1900) in Sioux City’s entertainment district
- 4,068 SF per floor for a total of 8,136 SF with tall ceilings
- Full basement on each side and an additional layout option to convert into two separate units
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 | $75.2k | $9.24 |
| − Vacancy | −$20.3k | −$2.49 |
| EGI | $54.9k | $6.75 |
| − OpEx | −$13.7k | −$1.69 |
| NOI | $41.2k | $5.06 |
8,136 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,581 @ 7.0% cap · market cap 12.23%
Second Best
Retail
$1.15M
$1.01M – $1.35M
NOI $80,721 @ 7.0% cap · market cap 11.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-floor corner building with full basements and 3-phase power, offering flexibility for multiple commercial uses.
Where is this office building located?
The property is located at 501 Pearl Street Sioux City, IA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2‑story corner property at 501 Pearl St (1900) in Sioux City’s entertainment district; 4,068 SF per floor for a total of 8,136 SF with tall ceilings; Full basement on each side and an additional layout option to convert into two separate units
