Former Bank Drive-Through
2401 Hamilton Blvd Sioux City, IA 51104
2401 Hamilton Blvd, Sioux City, IA, 51104
$725,000
For Sale
$725,000
Former bank building on Hamilton Blvd with an existing drive-through and flexible open interior space.
Property Size2,538 SF
Lot Size0.32 Acres
Price / SF$285.66
Days on Market98
Property Features for 2401 Hamilton Blvd
General Information
- Standard status
- Active
- Size
- 2,538 SF
- Lot size
- 0.32 Acres
- Property subtype
- Office - General Office
Building Details
- Year Built
- 1999
Listing agency
NAI United
(712) 224-2727
Listed by
Nathan Connelly · License #S62387000
Source
Commercialcafe
Added: Apr 15 Updated: Jul 20 at 9:59PM Checked: Jul 21 at 3:42AM
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 NAI United
Investment Insights
Based on property information with market context.
The property at 2401 Hamilton Boulevard is a former bank building offering an open, flexible interior layout and secure construction. The building is equipped with an existing drive-through and is served by ample on-site parking, making it well suited to a range of drive-thru-oriented concepts.
Located on Hamilton Blvd in Sioux City’s established commercial corridor near local retail and service uses, the property benefits from daily traffic of 21,900 vehicles per day. The site also provides generous frontage for visibility to heavy commuter and retail traffic.
Spanning 2,538 SF on 0.32 acres, the facility is positioned to support uses such as retail, restaurant/QSR, professional office, medical, financial services, or other drive-thru-oriented businesses.
Located on Hamilton Blvd in Sioux City’s established commercial corridor near local retail and service uses, the property benefits from daily traffic of 21,900 vehicles per day. The site also provides generous frontage for visibility to heavy commuter and retail traffic.
Spanning 2,538 SF on 0.32 acres, the facility is positioned to support uses such as retail, restaurant/QSR, professional office, medical, financial services, or other drive-thru-oriented businesses.
Key Highlights
- Former bank building at 2401 Hamilton Boulevard in Sioux City, IA, on an established commercial corridor.
- 2,538 SF building on 0.32 acres with existing drive‑through for drive‑thru‑oriented business use.
- Daily traffic count of 21,900 VPD on Hamilton Blvd for strong visibility to commuter and retail traffic.
Local Financial Insights For Specialty Retail
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 | $38.1k | $15.00 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $35.6k | $14.03 |
| − OpEx | −$8.9k | −$3.51 |
| NOI | $26.7k | $10.52 |
2,538 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$381.4K
$333.7K – $445.0K
NOI $26,697 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 2.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BankFirst
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Former bank building on Hamilton Blvd with an existing drive-through and flexible open interior space.
Where is this office building located?
The property is located at 2401 Hamilton Blvd Sioux City, IA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Former bank building at 2401 Hamilton Boulevard in Sioux City, IA, on an established commercial corridor.; 2,538 SF building on 0.32 acres with existing drive‑through for drive‑thru‑oriented business use.; Daily traffic count of 21,900 VPD on Hamilton Blvd for strong visibility to commuter and retail traffic.
