Self Storage Warehouse
2363 2nd Ave NE Sioux Center, IA 51250
For Sale
$150,000
COMMERCIAL - Sioux Center, IA
Property Size1,600 SF
Lot Size1.55 Acres
Price / SF$93.75
Days on Market274
Property Features for 2363 2nd Ave NE
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
1028302002
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
L 2 HIGHWAY COMMERCIAL PARK - SECOND ADD
Tax Annual Amount
130
Utilities
Heating system
Forced Air
Building Details
Year built
2024
Roof type
Metal
Listing Agency:
Hilt Real Estate Inc
(712) 722-0707
Listed By:
Rachel Hoogeveen · License #S58404
(712) 441-5100
Added: Oct 29, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:06AM
MLS# 830829
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.
This listing includes a self-storage warehouse unit under construction on the south addition, identified as Unit #12. Planned dimensions are 32' x 50' with 16-ft sidewalls and a 14' x 14' overhead door. The unit is stubbed for a toilet and sink, with water stubbed in two separate locations. It also includes keyless entry, high-speed internet/Cat6, and an electric furnace and AC. Unit #12 has side entry doors that could allow the unit to be split or used as an office and shop entrance. Seller notes that any desired upgrades can be priced out individually.
The property is located at 2363 2nd Ave NE in Sioux Center, IA. An association fee of $50 monthly is noted. Additional ground could be purchased to accommodate more parking, with upgrades and related costs at the buyer’s expense.
As a personal-use warehouse option, the unit is intended to be designed around the buyer’s needs, with improvements handled through individually priced upgrades.
The property is located at 2363 2nd Ave NE in Sioux Center, IA. An association fee of $50 monthly is noted. Additional ground could be purchased to accommodate more parking, with upgrades and related costs at the buyer’s expense.
As a personal-use warehouse option, the unit is intended to be designed around the buyer’s needs, with improvements handled through individually priced upgrades.
Key Highlights
- Unit #12 (south addition) under construction: 32' x 50' with 16' sidewalls
- Includes a 14' x 14' overhead door
- Forced air heating and metal roof
Financial Insights For Self Storage
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 | $21.1k | $13.20 |
| − Vacancy | −$1.7k | −$1.06 |
| EGI | $19.4k | $12.14 |
| − OpEx | −$5.8k | −$3.64 |
| NOI | $13.6k | $8.50 |
1,600 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$194.3K
$170.0K – $226.7K
NOI $13,601 @ 7.0% cap · market cap 9.07%
Second Best
Warehouse
$167.4K
$146.5K – $195.3K
NOI $11,720 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$333.3K
$291.6K – $388.9K
NOI $23,331 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Southtown Storage — 1st Ave SW, Sioux Center, IA 51250
Frequently Asked Questions
What type of property is this?
Warehouse - Under construction unit with 16-ft sidewalls, a 14-by-14 overhead door, and stubbed plumbing for a toilet and sink.
Where is this warehouse located?
The property is located at 2363 2nd Ave NE Sioux Center, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Unit #12 (south addition) under construction: 32' x 50' with 16' sidewalls; Includes a 14' x 14' overhead door; Forced air heating and metal roof
