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Sioux Center Commercial Buildings

119 7th Street NW St, Sioux Center, IA 51250

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For Sale

$264,900

Two commercial buildings for sale in Sioux Center, Iowa.

Type:Commercial/Industrial

Property size:

2,220 SF

Lot size:

0.11 Acres

Price / SF:

$119/SF

HighLights

Rare opportunity to purchase two commercial buildings in Sioux Center.
Option to acquire an existing muffler business along with the property.
Larger building features approximately 1500 sq ft of workspace with a hoist and 14‑foot access door.
Larger building includes a front office, bathroom, air conditioner, and newer furnace.
Smaller building offers 720 sq ft of additional space for rental income or storage.
Larger building is insulated.

We can help!

Listing Contact

Brenda K Dokter

For Sale

$264,900

Two commercial buildings for sale in Sioux Center, Iowa.

Type:Commercial/Industrial

Property size:

2,220 SF

Lot size:

0.11 Acres

Price / SF:

$119/SF

Added:: May 11, 2024
Days on Market:: 762
Last Refresh:: May 20 at 12:37 am

Property Features for 119 7th Street NW St

General Information

Standard status: Active
Size: 2,220 SF
Lot size: 0.11 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1983

We can help!

Listing Contact

Brenda K Dokter

Listing agent Brenda K Dokter License #B43017

Listing office Siouxland Town & Country Realty

Listing date May 11, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Siouxland Town & Country Realty

HighLights

Rare opportunity to purchase two commercial buildings in Sioux Center.
Option to acquire an existing muffler business along with the property.
Larger building features approximately 1500 sq ft of workspace with a hoist and 14‑foot access door.
Larger building includes a front office, bathroom, air conditioner, and newer furnace.
Smaller building offers 720 sq ft of additional space for rental income or storage.
Larger building is insulated.

Overview

Two commercial buildings are available for purchase in Sioux Center. The larger building features a front office and approximately 1500 square feet of workspace. The workspace includes a hoist, air conditioner, newer furnace, and a bathroom. It is insulated and has a 14-foot door for client access. The smaller building provides an additional 720 square feet of space that can be rented out or used for storage. The total property size is 2220 square feet. This property presents a business setup opportunity, with the option to include a muffler business. The property is located on 7th Street NW in Sioux Center, Iowa.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.3k	$15.00
− Vacancy	−$2.8k	−$1.26
EGI	$30.5k	$13.74
− OpEx	−$9.2k	−$4.12
NOI	$21.4k	$9.62

2,220 SF · lease $15.00/SF/yr · vacancy 8.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$305.0K

$266.9K – $355.9K (±1% cap)

NOI $21,352 @ 7.0% cap · market cap 8.06%

Second Best

Industrial

$191.3K

$167.4K – $223.2K (±1% cap)

NOI $13,392 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$462.5K

$404.7K – $539.5K (±1% cap)

NOI $32,372 @ 7.0% cap · market cap 12.22%

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

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Central Tire and Service — 789 7th St NW #136, Sioux Center, IA 51250
Co-Op Gas & Oil Co — 153 N Main Ave, Sioux Center, IA 51250
Moget‘s Car Care & Auto Body — 468 4th St NW, Sioux Center, IA 51250
Mouw Motor Company, Inc. Parts — 125 22nd St NE, Sioux Center, IA 51250
Farmers Coop Society Truck Shop — 112 2nd ave nw, sioux center, ia 51250

Location Insight

Map
Local Demand

City: Sioux Center
County: Sioux
State: Iowa
Longitude: -96.1772
Latitude: 43.0842

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For sale
Auto shops
IA
Sioux Center
51250
119 7th Street NW St

What type of property is this?

Auto shop - Two commercial buildings for sale in Sioux Center, Iowa.

Where is this auto shop located?

The property is located at 119 7th Street NW St Sioux Center, IA.

What is the asking price?

The asking price for this property is $264,900.

What are key features of this property?

This property features: Rare opportunity to purchase two commercial buildings in Sioux Center.; Option to acquire an existing muffler business along with the property.; Larger building features approximately 1500 sq ft of workspace with a hoist and **14‑foot access door**.