Freestanding Office
For Sale
$900,000
303 W 24TH ST, Sioux City, IA 51104
Commercial, Sioux City, IA
Property Size7,377 SF
Lot Size0.61 Acres
Price / SF$122
Days on Market137
Property Features for 303 W 24TH ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Maps
Subdivision
Wside Central
Standard status
Active
APN
19193-894720213005
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EVANS LOTS 4 THRU 6; THE VAC N/S ALLEY (EX THE E 1/2 OF THE N/S ALLEY ABUTTING THE S 45 FT OF LOT 2 & ABUTTING LOT 3; AND THAT PT OF PERRY CREEK AS IT EXISTED AT THE TIME OF PLATTING OF EVANS ADDN WHICH LIES ADJ TO LOT 6 & S OF N LINE OF LOT 1 PROJECTED W
Tax Annual Amount
17374
Legal Description
EVANS LOTS 4 THRU 6; THE VAC N/S ALLEY (EX THE E 1/2 OF THE N/S ALLEY ABUTTING THE S 45 FT OF LOT 2 & ABUTTING LOT 3; AND THAT PT OF PERRY CREEK AS IT EXISTED AT THE TIME OF PLATTING OF EVANS ADDN WHICH LIES ADJ TO LOT 6 & S OF N LINE OF LOT 1 PROJECTED W
Building Details
Year built
1982
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: May 26
Changed: Oct 7
Last Checked: Oct 9 at 7:06PM
MLS# 833105
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 freestanding office property contains 7,377 SF across a single-level layout. Concrete parking is available on site, and the parcel encompasses 0.61 acres. The building was constructed in 1982 and carries Commercial zoning.
Located at 303 W 24th St in Sioux City, the property is within the Hamilton Blvd commercial corridor.
Located at 303 W 24th St in Sioux City, the property is within the Hamilton Blvd commercial corridor.
Key Highlights
- Freestanding office building with 7,377 SF
- 0.61‑acre parcel
- Single‑level building constructed in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,330
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,600
$746.6K
Cap Rate 7%
$533,286
$533.3K
Cap Rate 9%
$414,778
$414.8K
Market Conditions
NOI Build-Up for 7,377 SF
Gross rent
$68.2K $9.24/SF
− Vacancy
−$18.4K −$2.49/SF
EGI
$49.8K $6.75/SF
− OpEx
−$12.4K −$1.69/SF
NOI
$37.3K $5.06/SF
Area
Woodbury County, IA
Vacancy
26.98%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,600
Cap Rate 7%
$533,286
Cap Rate 9%
$414,778
Alternative Uses
Best Use
Office B
$533.3K
$466.6K – $622.2K
NOI $37,330 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,597 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 51104, IA
23,080
Population
9,119
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
3,077
Density / Sq Mi
$74,984
Median Household Income
$42,411
Median Earnings
$955
Median Rent
$193,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - A single-level layout and on-site concrete parking serve a range of office configurations.
Where is this office building located?
The property is located at 303 W 24TH ST Sioux City, IA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Freestanding office building with 7,377 SF; 0.61‑acre parcel; Single‑level building constructed in 1982
