Ground-Floor Retail
For Sale
Contact for pricing
1005 4th Street, Sioux City, IA 51101
Vanilla-shell delivery is available with a minimum five-year NNN lease.
Property Size70,000 SF
Price / SF$0.00
Days on Market1741
Property Features for 1005 4th Street
General Information
Standard status
Active
Size
70,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
70,000 SF
Year Built
1890
Stories
5
Listing Agency:
Keller Williams Siouxland
(712) 226-1900
Listed By:
Jose Garcia · License #S72451000
(712) 259-9495
Source:
Stormlakehomessite
Added: Jan 17, 2022
Changed: Oct 24
Last Checked: Oct 24 at 3:14PM
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 Keller Williams Siouxland
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Investment Insights
Based on property information with market context.
Ground-floor retail space is available in the former Aalfs Building, an 1890 property with a reported size of 70,000 square feet. The owner will deliver a vanilla shell. The location is in downtown Sioux City at 1005 4th Street.
The property is near the Promenade movie theater, a five-minute walk from Hard Rock, one block from the planned riverfront redevelopment, and one block from I-29. Other tenants in the Virginia Square District include Keller Williams Siouxland, Goodin Insurance, Avid Hotel, and Table 32.
The property is near the Promenade movie theater, a five-minute walk from Hard Rock, one block from the planned riverfront redevelopment, and one block from I-29. Other tenants in the Virginia Square District include Keller Williams Siouxland, Goodin Insurance, Avid Hotel, and Table 32.
Key Highlights
- 70,000‑square‑foot property with ground‑floor retail space
- Vanilla‑shell delivery offered by the owner
- Minimum five‑year NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$694,501
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,890,020
$13.9M
Cap Rate 7%
$9,921,443
$9.9M
Cap Rate 9%
$7,716,678
$7.7M
Market Conditions
NOI Build-Up for 70,000 SF
Gross rent
$1.08M $15.48/SF
− Vacancy
−$91.5K −$1.31/SF
EGI
$992.1K $14.17/SF
− OpEx
−$297.6K −$4.25/SF
NOI
$694.5K $9.92/SF
Area
Woodbury County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,890,020
Cap Rate 7%
$9,921,443
Cap Rate 9%
$7,716,678
Alternative Uses
Best Use
Retail
$9.92M
$8.68M – $11.58M
NOI $694,501 @ 7.0% cap · market cap 4,630,006.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.52M
$9.20M – $12.27M
NOI $736,313 @ 7.0% cap · market cap 4,908,753.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Fareway
Groceries
20,753 visits/mo
0.5 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Vanilla-shell delivery is available with a minimum five-year NNN lease.
Where is this retail space located?
The property is located at 1005 4th Street Sioux City, IA.
What are key features of this property?
This property features: 70,000‑square‑foot property with ground‑floor retail space; Vanilla‑shell delivery offered by the owner; Minimum five‑year NNN lease
