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Frances Building Mixed-Use Property
For Sale
$2,500,000

505 5th Street, Sioux City, IA 51101

Commercial, Sioux City, IA

Property Size54,000 SF
Lot Size0.34 Acres
Price / SF$46.30
Days on Market441

Property Features for 505 5th Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Midtown
Standard status Active
APN 894728329003
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description SIOUX CITY EAST LOTS 5 & 6 BLK 10
Tax Annual Amount 48862
Legal Description SIOUX CITY EAST LOTS 5 & 6 BLK 10

Building Details

Year built 1919
Listing Agency: LPT Realty, LLC
Listed By: Amy Kakacek
Added: Jun 27, 2025 Changed: Sep 9 Last Checked: Sep 10 at 1:06PM
MLS# 829318

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.

Built in 1919, the Frances Building is an eight-story mixed-use property with an estimated 54,000 square feet of rentable space. The building includes office areas above street-level restaurant and retail businesses, creating a vertically integrated commercial property in downtown Sioux City.

Recent capital improvements include work to the elevator systems, roof, and restrooms. The property occupies 0.34 acres at 505 5th Street and has served as a commercial destination for more than a century.

Key Highlights

  • Eight‑story mixed‑use building constructed in 1919
  • Estimated 54,000 sf of rentable space
  • Street‑level restaurant and retail businesses

Property Analytics

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Current Use

Ely & Elbert Tax ... Tax Preparation Sioux Guitars Production Facility Mind;Alchemy Nesrin Abu ... Physician Updegraff David L Law Firm Hellige Frey & Roe ... Law Firm

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Catering Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,328
Businesses Nearby

Demographics for 51101, IA

1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Eight-story commercial property combining street-level retail and restaurant space with office areas.
Where is this mixed-use property located?
The property is located at 505 5th Street Sioux City, IA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Eight‑story mixed‑use building constructed in 1919; Estimated 54,000 sf of rentable space; Street‑level restaurant and retail businesses
More about this property
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