Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 Pierce St Sioux City, IA 51101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr $12,600/Mo (calc)

    Large, open retail space in downtown Sioux City available for lease.

    Type:Retail
    Property size:
    18,900 SF
    Added:
    Jan 27, 2026
    Days on Market:
    91
    Last Refresh:
    Dec 3 at 5:54 am

    Property Features for 124 Pierce St

    General Information

    Standard status
    Active
    Size
    18,900 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1957

    Spaces For Lease

    at 124 Pierce St Contact us

    We can help!

    Listing Contact
    Beau Braunger, SIOR, CCIM

    Listing agent Beau Braunger, SIOR, CCIM

    Listing office

    Listing date Jan 27, 2026

    Source Naiglobal

    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 Beau Braunger, SIOR, CCIM

    Overview

    Spacious Retail Building in Sioux City

    This large, open retail building, originally constructed as a grocery store and most recently used as a furniture store, is available for lease. The property is located in downtown Sioux City, just off Gordon Drive. According to a 2023 Downtown Partners study, there are 671 living units and 601 hotel rooms in downtown Sioux City. New construction, including new businesses and apartments, is currently underway across the street. The building offers line of sight from both Gordon Drive (Highway 20) and Interstate 29. The property has a size of 18900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashley HomeStore Furniture & Home Goods Ashley Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Law Firm Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4041
    Latitude
    42.4914

    Nearby Similar for Lease

    • $3,375/Mo

      Northbrook Drive Warehouse For Rent

      Flexible warehouse space with dock and drive-in door.
      3218 Northbrook Dr, Ste A, Sioux City, IA 51105
      View Details
    • $20 SF/Yr

      Prime Commercial Space Available

      High-end commercial space with offices, conference room, and more.
      1380 Hamilton Boulevard, Sioux City, IA 51103
      View Details
    • $7 SF/Yr

      Renovated Office Space with Kitchenette

      Newly renovated office space featuring an open floor plan and kitchenette.
      2020 Indian Hills Dr, Sioux City, IA 51104
      View Details
    • $80,000 SF/Yr

      Former Restaurant with Drive-Through

      Former restaurant with drive-through available for lease near I-29.
      906 and 910 Gordon Dr, Sioux City, IA 51101
      View Details
    • $14 SF/Yr

      Retail Space Across From Walmart

      Highly visible retail space near major retailers on Floyd Blvd.
      3134 Floyd Blvd, Sioux City, IA 51108
      View Details
    • $28 SF/Yr

      Medical Office Space For Rent

      Former dialysis center near Unity Point St. Lukes.
      5865 Sunnybrook Drive, Sioux City, IA 51106
      View Details
    • $16 SF/Yr

      Gordon Drive Retail/Office Space

      Office/retail space with pylon signage on busy Gordon Drive.
      3111 Gordon Dr, Sioux City, IA 51105
      View Details
    • $20 SF/Yr

      Prime Retail/Office Space Available

      High-end retail or office space with excellent visibility.
      1380 Hamilton Boulevard, Sioux City, IA 51103
      View Details
    • $5 SF/Yr

      Downtown Sioux City Industrial Building

      Industrial building with heated storage and office space for rent.
      2106 3rd St, Sioux City, IA 51101
      View Details
    • Contact for pricing

      Downtown Office with Extensive Amenities

      Updated office space with access to many amenities and services.
      401 Douglas St, Sioux City, IA 51101
      View Details
    • $5 SF/Yr

      Sioux City Warehouse Space Available

      7,500 SF warehouse space with convenient interstate access.
      716 Market St., Sioux City, IA 51103
      View Details
    • $12 SF/Yr

      Downtown Office Space For Rent

      Office space in historic building, downtown location, parking available.
      617 Pierce St, Sioux City, IA 51101
      View Details

    FAQs

    What type of property is this?
    Retail space - Large, open retail space in downtown Sioux City available for lease.
    Where is this retail space located?
    The property is located at 124 Pierce St Sioux City, IA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: High visibility location with line of sight from Gordon Drive (Highway 20) and Interstate 29.; Located in Downtown Sioux City, just off busy Gordon Drive.; New construction across the street (new business and apartments).
    (712) 251-8276
    We can help!
    Listing Contact
    Beau Braunger, SIOR, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!