Mixed-Use Property with Event
For Sale
$3,700,000
2833 St Andrews Way, Sioux Center, IA 51250
Commercial, Sioux Center, IA
Property Size16,522 SF
Lot Size1.39 Acres
Price / SF$223.94
Days on Market142
Property Features for 2833 St Andrews Way
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Landscaping, Lawn Sprinkler System, Level Lot
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
1616304003
Lot size
1.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L3 SOUTH RIDGE ESTATES COMMERCIAL PARK 2ND ADD
Tax Annual Amount
45222
Legal Description
L3 SOUTH RIDGE ESTATES COMMERCIAL PARK 2ND ADD
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
custom tap wall
elevator access
coffee shop
kitchen
ample storage space
expansive windows
perforated steel ceilings
state-of-the-art audio system
Building Details
Year built
2024
Listing Agency:
Vision Realty
(712) 722-0045
Listed By:
Jacqueline Maassen · License #B63772
(712) 395-1334
Added: May 26
Changed: Oct 14
Last Checked: Oct 14 at 10:06PM
MLS# 833114
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 16,522-square-foot mixed-use building sits on 1.39 acres and was built in 2024. The main level includes a coffee shop, kitchen, storage, custom tap wall, and elevator access. Expansive windows bring natural light into the interior, while perforated steel ceilings are designed to reduce echo and sound reflection. An audio system serves the building.
The upper level provides space for conferences, business meetings, and reunions. The property is located on the south edge of Sioux Center, Iowa.
The upper level provides space for conferences, business meetings, and reunions. The property is located on the south edge of Sioux Center, Iowa.
Key Highlights
- 16,522‑square‑foot building on 1.39 acres
- Built in 2024
- Main level includes a coffee shop, kitchen, storage, custom tap wall, and elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,524
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,230,480
$2.2M
Cap Rate 7%
$1,593,200
$1.6M
Cap Rate 9%
$1,239,156
$1.2M
Market Conditions
NOI Build-Up for 16,522 SF
Gross rent
$198.3K $12.00/SF
− Vacancy
−$19.8K −$1.20/SF
EGI
$178.4K $10.80/SF
− OpEx
−$66.9K −$4.05/SF
NOI
$111.5K $6.75/SF
Area
Sioux County, IA
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,230,480
Cap Rate 7%
$1,593,200
Cap Rate 9%
$1,239,156
Alternative Uses
Best Use
Mixed Use
$1.59M
$1.39M – $1.86M
NOI $111,524 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,921 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 51250, IA
9,427
Population
3,254
Households
2.9
Avg Household Size
29
Median Age
41%
College-Educated
89%
High-School Grad
73.3 sq mi
ZIP Area
129
Density / Sq Mi
$90,238
Median Household Income
$31,045
Median Earnings
$907
Median Rent
$286,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An elevator connects the main and upper levels.
Where is this mixed-use property located?
The property is located at 2833 St Andrews Way Sioux Center, IA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 16,522‑square‑foot building on 1.39 acres; Built in 2024; Main level includes a coffee shop, kitchen, storage, custom tap wall, and elevator access
